DAR ES SALAAM, Tanzania/KAMPALA -Uganda and Tanzania have agreed to carry out a feasibility study for a pipeline linking Tanzania s gas fields to Uganda, their energy ministers said on Friday, as the.
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
Uganda discovered hydrocarbon deposits in its Western region near the Democratic Republic of Congo in 2006. The country plans to begin oil production in 2025.