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Chinese, African lenders to cover $1 8b Eacop funding shortfall

Sponsors of the East African Crude Oil Pipeline (Eacop) are looking for only $1.8 billion, which is expected to come from several Chinese lenders and two African banks, top officials of Uganda’s Ministry of Energy said on Friday. “We are looking for $1.8 billion for the remainder on debt financin

South africaRuth nankabirwaKenneth agutambaStandard stanbic bankAfrican crude oil pipeline eacopUganda ministry of energyJapan sumitomo mitsui banking corporationStandard bankUgandan energyStanbic bank ugandaStanbic standard bankAfrican petroleum conferenceAfrica oil pipeline onChina national offshore oil corporationChina petroleum pipeline engineeringAfrican energy chamber nj ayuk

Chinese, African lenders to cover $1 8b Eacop funding shortfall

Analysts say the growing number of Chinese companies getting Uganda oil project contracts suggests Beijing is the source of loans.

South africaKenneth agutambaRuth nankabirwaAfrican energy chamber nj ayukJapan sumitomo mitsui banking corporationUgandan energyChina exim bankAfriexim bankStanbic bank ugandaUganda national oil companyChina national offshore oil corporationAfrican petroleum conferenceMinistry of energy irene batebeTanzania petroleum development corporationChina petroleum pipeline engineeringStandard bank

Eacop financing swings to China as its firms hog deals

Project is falling behind schedule after many risk-averse banks pulled out of the project.

Lake albertNew south walesSouth africaUnited statesNzega districtMartin tiffenIndian oceanDennis kakemboJohn bosco habumugishaPeter muliisaRuth nankabirwaPatrick pouyannAfrican crude oil pipeline eacopAfrican petroleum conferenceJapan sumitomo mitsui banking corporationAfrica standard bank

African climate activists use online tech tools to speak out safely

Development groups say Eacop project will generate harmful 34 million tonnes of carbon emissions annually.

Azory gwandaSamia suluhuRehema peterJohn magufuliEdwin mumbereLaura lazaro cabreraPrivacy internationalCentre for citizens conserving the environmentAfrican crude oil pipeline eacopFreedom houseTanzanian partnership for greenTotal energie dar es salaamTanzanian partnershipGreen futurePresident john magufuliTanzanian president samia suluhu

Activists dismayed at French court decision regarding oil pipeline

The case involves French oil giant TotalEnergies and the construction of the East African Crude Oil Pipeline (Eacop) from Uganda to Tanzania

Dickens kamugishaYoweri museveniAfrican institute for energy governanceAfrican crude oil pipeline eacopEast african crude oil pipelineChief executiveAfrican instituteEnergy governanceEast african

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