EA Crude Oil Pipeline enters fundraiser phase

Oil pipeline.

An oil pipeline. The East African Crude Oil Pipeline (Eacop) is a key infrastructure project that will transport Uganda’s oil to export markets. PHOTO | FILE

After announcing the final investment decision, the shareholders of the East African Crude Oil Pipeline (Eacop) now turn to looking for money to conclude the deal for financing of the project, which is expected mid this year.

The Eacop is a key infrastructure project that will transport Uganda’s oil to export markets, hence a major component in the commercialisation of the Lake Albert oil resources.