TotalEnergies’ arguments for Lake Albert oil development

Issue 462 - 13 Jun 2022 - By Marc Howard | 3 minute read

While advocacy groups are posing questions about the funding of the Lake Albert upstream scheme – and putting pressure on banks not to participate  – operator TotalEnergies on 9 June told African Energy that project financing for the East African Crude Oil Pipeline (Eacop) was being provided by shareholder equity and external debt, which is “being arranged with interested international financial institutions”.

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