US EditionUganda: East African Crude Oil Pipeline Project Secures Massive Financial Injection From African Banks
12 Articles
12 Articles
Uganda’s $5-Billion Oil Export Pipeline Secures Initial Funding
The $5-billion East African Crude Oil Pipeline (EACOP), which is planned to export crude oil from Uganda via a port in Tanzania, has secured the first tranche of external financing for the project. EACOP Ltd., the company in charge of the construction and future operation of the project, said that it had closed the first tranche of external financing. The funding is being provided by a syndicate of financial institutions, including regional bank…
Uganda: East African Crude Oil Pipeline Project Secures Massive Financial Injection From African Banks
[Independent (Kampala)] Kampala, Uganda -- EACOP, the company in charge of the construction and future operation of the East African Crude Oil Pipeline project from Kabaale in Uganda to Tanga in Tanzania, has got a massive financial boost from several top African banks. In a statement, EACOP said the injection of cash "also demonstrates the support of financial institutions on this transformative regional infrastructure."
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