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EACOP — $5 Billion Project Finance Package

Country
Uganda; Tanzania
Sector
Oil & Gas
Intelligence Type
Capital
Status / Stage
Active
Estimated Value
USD Billion 5
Confidence
Confirmed

The $5bn East African Crude Oil Pipeline project finance package involves TotalEnergies (62%), CNOOC (8%), Uganda National Oil Company (15%) and Tanzania Petroleum Development Corporation (15%) as equity partners, backed by a senior debt package from export credit agencies including Standard Bank and African Export-Import Bank (Afreximbank). The pipeline is now 91% complete with first oil targeting Q4 2026.

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