Oil & Gas

Uganda and Tanzania have agreed to work more closely on the East African Crude Oil Pipeline (EACOP). President Yoweri Museveni and Tanzania’s Vice-President Deogratius Ndejembi discussed better ways to monitor project spending, collect revenue and protect the environment.

The 1,443km pipeline will transport oil from Hoima in Uganda to Tanga in Tanzania. It is expected to generate $20 billion over 25 years, with Uganda and Tanzania each expected to earn about $400 million annually through their national oil companies.

The two countries are also working with Vitol to develop an energy hub in Tanga for oil storage, refining and transportation. These projects aim to make Uganda and Tanzania important energy suppliers in East Africa, although EACOP continues to face environmental concerns.