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China invites Uganda’s energy minister for talks on pipeline financing

China invites Uganda’s energy minister for talks on pipeline financing

CHINA has invited Uganda's energy minister to Beijing to discuss the East African country's $5 billion crude oil pipeline, Uganda's presidency said. The development could signal a possible breakthrough in Uganda's efforts to woo Chinese financiers to fund the pipeline, which the country requires to start crude production from oilfields that were discovered in 2006. Potential Chinese funding is being considered as pivotal after Western banks declined to fund the pipeline after pressure from environmentalists who said the project would add to global carbon emissions. China's special envoy for the Horn of Africa Affairs, Xue Bing, delivered a message to…
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Uganda: Oil pipeline “devastates livelihoods”

Uganda: Oil pipeline “devastates livelihoods”

A planned oil pipeline to help Uganda export its crude to international markets has "devastated" the lives of thousands of people who have experienced delayed or inadequate compensation for their land, Human Rights Watch (HRW) said. The rights group also said the project, in which TotalEnergies has a 62% stake, is a disaster for the planet as it will add emissions that exacerbate climate change. France's TotalEnergies rejected HRW's accusations, saying it was respecting all the rights of affected people. Planned to cost $3.5 billion, the East African Crude Oil Pipeline (EACOP) will carry crude from the oilfields in Uganda's west…
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Congo in discussions with Uganda over use of crude pipeline

Congo in discussions with Uganda over use of crude pipeline

THE Democratic Republic of Congo is in discussions with neighbouring Uganda for possible use of the east African country's planned crude oil pipeline to export petroleum, Congo's hydrocarbons ministry said. Uganda is developing the $3.5 billion 1,445-kilometer East African Crude Oil Pipeline (EACOP) that will start from oil fields in its Albertine rift basin on its western border with Congo to Tanzania's Indian Ocean seaport of Tanga. The pipeline is for transporting Uganda's crude to international markets when the country starts production in 2025. Congo's Ministry of Hydrocarbons said in a Twitter statement late on Tuesday that its minister Didier…
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