The Uganda -Tanzania Crude Export Pipeline has been called the East African Crude Oil Pipeline (EACOP), the Second Ministerial Meeting on Uganda – Tanzania Crude Oil Export Pipeline Development decided at a meeting that sat in Hoima, Uganda on 5th July, 2016.
A powerful delegation from government of Tanzania and hosts Uganda, Tanzania Petroleum Development Corporation, CNOOC Uganda, Total E & P Uganda and Tullow Uganda operations, Uganda National Oil Company and other key stakeholders met in Hoima to discuss the regional pipeline.
The meeting also agreed that the construction of the 1,410-km pipeline must be completed by 2019/2020. A whooping $4 billion is needed for the pipeline project. French oil company Total SA has shown intent to finance the project. Officials of Total have meet both President Yoweri Museveni of Uganda and John Pombe Magufuli of Tanzania over the subject matter.
Uganda’s Minister of Energy and Mineral Development, Eng. Irene Nafuna Muloni and Prof. Sospeter Muhongo, the Minister of Energy and Minerals of Tanzania expressed satisfaction on the progress made so far since the Crude Oil Export Pipeline export decision was made in April.
The meeting agreed that the next Joint Pipeline Development Committe (JPDC), Project Steering Committee (PSC) and 3rd Ministerial meetings will be held in Tanga, Tanzania from 24th to 26th October 2016.