As of September 2024, the East African Crude Oil Pipeline project is 47 percent complete, with significant progress in pipe laying and extensive community compensation. The venture, backed by TotalEnergies and local governments, aims for completion by July 2026 with a budget of $3.5 billion, ensuring environmental care and job creation in the region.
The East African Crude Oil Pipeline (Eacop) Project, which connects Uganda to Tanzania, has achieved a 47 percent completion milestone as of September 2024. This project, which began in February 2022, involves extensive pipe-laying activities across eight regions. It is a joint venture primarily backed by TotalEnergies, with governmental support from both Uganda and Tanzania. The overall financial investment for this venture is projected to be $3.5 billion, emphasizing careful logistical and environmental considerations to mitigate effects on local ecosystems.
The Eacop initiative is designed to enhance the oil transportation infrastructure between Uganda and Tanzania, facilitating the export of crude oil. The project is a reflection of regional cooperation, as it involves significant stakeholders, including the governments of Uganda and Tanzania as well as TotalEnergies and CNOOC. The successful execution of the Eacop is expected to yield substantial economic benefits, such as job creation and revenue generation for both governments, while also adhering to environmental standards.
In summary, the Eacop project represents a significant advancement in East African oil transportation, nearing half completion. With over 9,800 residents compensated and thousands employed, the initiative is on track to fulfill its objectives by 2026, demonstrating a commitment to stakeholder engagement and environmental stewardship.
Original Source: www.thecitizen.co.tz
