East African Crude Oil Pipeline

Uganda turns to China to help finance the East African Crude Oil Pipeline

In depth
Issue 494 - 05 Nov 2023 - By Marc Howard | 8 minute read

With first oil expected from Lake Albert by early 2026, an array of associated infrastructure is under development, including the controversial Eacop pipeline. Shunned by western financiers, Chinese debt is expected to rescue Eacop, with a financing package due to be finalised in the coming weeks. Kampala has also signalled its appetite to intervene in energy markets by taking a majority stake in the Kabalega refinery, writes Marc Howard in Hoima.

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