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Tag Archives: EACOP

EACOP Final Investment Decision expected in September

Kampala, Uganda | THE INDEPENDENT | The Final Investment Decision (FID) for the East African Crude oil project is expected before the end of September 2024 according to Energy Minister, Ruth Nankabirwa. Three billion dollars in debt financing is required for the financial close of the five billion dollar pipeline that …

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EACOP Protest: Police arrest 47 University students

Kampala, Uganda | THE INDEPENDENT | Police have arrested 47 students from different Universities in a foiled Anti-EACOP protest. They were marching to Parliament and NEMA. The protestors, from Kyambogo, Makerere and Kampala International Universities, who had gathered at Wampewo Avenue, were surrounded before marching to parliament this afternoon. These, carrying placards …

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URA walks tightrope over EACOP shipments

Kampala, Uganda | THE INDEPENDENT | Uganda Revenue Authority (URA) is navigating through a tightrope to ensure that individuals do not abuse the law while importing East African Crude Oil Pipeline Project EACOP equipment. It is emerging that customs officials need to be retooled on clearing equipment given that the law …

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EACOP to skill, absorb Makerere students in oil project

Kampala, Uganda | THE INDEPENDENT | The East African Crude Oil Pipeline Company (EACOP) and Makerere University have entered a memorandum to build learners’ skills. The memorandum signed on Tuesday will mainly benefit learners from the College of Engineering, Design, Art, and Technology- (CEDET). Under the memorandum, Makerere University is …

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UNOC records unexpected shs37 billion profit

Kampala, Uganda | THE INDEPENDENT | The Uganda National Oil Company (UNOC) has generated a profit of Shs37.6 billion surpassing their projected revenue of Shs6.989 billion. This revelation emerged during a meeting between officials from UNOC and Members of the Public Accounts Committee (PAC) on Monday, 27 May 2024 where the …

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IEA Chief: Oil and gas demand to fall by 2030

SPECIAL REPORT | THE INDEPENDENT | The International Energy Agency Chief Dr. Fathi Birol has insisted that global oil and gas demand will start to fall before 2030, marking the “beginning of the end” of the fossil fuel era. The International Energy Agency (IEA) in November last year raised hopes of an end …

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EACOP victims struggle to rebuild livelihoods despite compensation

Lwengo, Uganda | THE INDEPENDENT | Despite receiving monetary compensation for properties affected by the East African Crude Oil Pipeline (EACOP) route in Lwengo and Kyotera districts, some affected individuals are expressing regret over the project’s impact on their livelihoods. Teddy Nakintu, 79, from Nnanywa A village, Ndagwe sub-county in …

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