The Eacop project, a collaboration between Uganda, Tanzania, TotalEnergies, and CNOOC, has reached 47 percent completion as of September 2024. With a budget of $3.5 billion, the venture aims to ensure careful environmental and logistical planning. The construction remains on track for completion in July 2026, with significant economic benefits for local communities.
As of September 2024, the construction of the East African Crude Oil Pipeline (Eacop) Project has achieved 47 percent completion. This initiative, which spans from Uganda to Tanzania, has made notable progress since its inception in February 2022, with ongoing pipe-laying activities occurring across eight regions. The Eacop project is a collaborative venture involving the Ugandan and Tanzanian governments, each holding a 15 percent interest, while TotalEnergies possesses 62 percent and CNOOC retains an 8 percent share.
The East African Crude Oil Pipeline (Eacop) is a pivotal infrastructure project aimed at transporting crude oil from Uganda to Tanzania, significantly impacting the regional economy. The total estimated cost of the initiative is $3.5 billion, highlighting its scale and complex logistical demands. Importantly, the project’s construction necessitates careful environmental and social planning to mitigate potential impacts on local communities and ecosystems. Throughout its development, the project has focused on engagement with local stakeholders and communities.
The Eacop project continues to progress towards its anticipated completion in July 2026, with substantial benefits already recognized in terms of employment and community compensation. The commitment to stakeholder engagement is evident as local residents are actively involved in protecting the project’s infrastructure. Thus far, the initiative has demonstrated positive contributions to local economies in Tanzania while carefully balancing environmental concerns. Project leaders express confidence in maintaining the schedule and addressing the needs of impacted communities.
Original Source: www.thecitizen.co.tz
