December 22, 2024

Uganda is developing the $3.5bn 1,445km (898-mile) East African Crude Oil Pipeline (EACOP) that will start from oil fields in its Albertine rift basin on its western border with DRC to Tanzania’s Indian Ocean seaport of Tanga.

The controversial pipeline is for transporting Uganda’s crude to international markets when it starts production in 2025.

The DRC Ministry of Hydrocarbons said in a Twitter statement late on Tuesday that its minister, Didier Budimbu, met Uganda’s Energy Minister Ruth Nankabirwa Ssentamu, with discussions involving access to the pipeline.

“Uganda acknowledged the crucial requirement of DRC to access the East African Crude Oil Pipeline (EACOP) for the transport of crude oil to be produced from the oil exploration blocks located in the Albertine Graben in the Democratic Republic of Congo,” the statement read.

DRC and Uganda share the oil-rich basin of Albertine Graben.

Technical teams from both sides would discuss and prepare reports to be presented to the two ministers who would then brief the countries’ presidents on signing a Memorandum of Understanding, according to the statement.

A spokesperson for Uganda’s energy minister confirmed the talks and said the EACOP had been designed for potential use by Uganda’s neighbours including DRC and South Sudan. Uganda and neighbouring Tanzania are also confident they will secure funding for a planned crude export pipeline.

Last year, the DRC put up for auction 30 oil and gas blocks, although environmentalists have said the development of some of the blocks would open up ecologically sensitive areas and release vast amounts of carbon into the atmosphere.

Prominent Ugandan conservationists like Uganda’s Vanessa Nakate and Bill McKibben spoke out against the EACOP and supported a campaign called #StopEACOP to dissuade insurers and banks from financing the project.

 

Source: aljazeera.com

Verified by MonsterInsights