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EACOP SECURES FIRST TRANCHE OF FINANCING FOR UGANDA-TANZANIA PIPELINE.
EACOP Ltd. has secured the first tranche of financing for the Uganda-Tanzania pipeline from regional financial institutions, including Afreximbank and Standard Bank, reinforcing local support despite initial Western withdrawals. The project, now over 50% complete, is expected to transport 246,000 barrels of crude oil per day while generating jobs, investing in local economies, and adhering to international environmental standards.
- 1 year, 4 months
INDIA CONSIDERS REMOVING TAX ON U.S. LNG TO HIKE IMPORTS.
India is considering the possibility of removing its import tax on American liquefied natural gas (LNG) to increase its purchases of U.S. LNG and reduce its trade surplus with the United States.
- 1 year, 4 months
GAS FIELD GETS GREEN LIGHT TO PRODUCE 62,000 BARRELS PER DAY OF OIL EQUIVALENT.
BP has given the final approval to develop the Ginger gas field in Trinidad and Tobago, a significant project expected to produce 62,000 barrels of oil equivalent per day at its peak.
- 1 year, 4 months
EAST AFRICA’S ENERGY RENAISSANCE: EAST AFRICAN CRUDE OIL PIPELINE (EACOP), TANZANIA LIQUEFIED NATURAL GAS (LNG) SET TO TRANSFORM THE REGION.
East Africa is set for an energy transformation with the East African Crude Oil Pipeline (EACOP) and Tanzania LNG projects, attracting significant investment and global interest. These projects, expected to drive economic growth, still require additional funding, with discussions ongoing to secure financial backing and strategic partnerships.
- 1 year, 4 months
EAST AFRICAN CRUDE OIL PIPELINE PROJECT SECURES MASSIVE FINANCIAL INJECTION FROM AFRICAN BANKS.
The East African Crude Oil Pipeline project has received a substantial financial boost from a consortium of African banks, demonstrating confidence in the project’s regional impact. The funds will aid in the construction of a 1,443 km pipeline that will transport 246,000 barrels of crude oil per day once completed, with progress already exceeding 50% by the end of 2024.
- 1 year, 4 months
KENYA TO LAUNCH OIL AND GAS LICENSING ROUND IN SEPTEMBER.
Kenya plans to launch an oil and gas exploration round for 10 blocks in September, offering incentives and infrastructure investment to attract investors. The government has restructured its petroleum exploration blocks to align with global best practices, identifying highly prospective areas to revitalize the country's oil and gas industry.
- 1 year, 4 months
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