Uganda Investment Authority (UIA) issued an investment license to the East African Crude Oil Project (EACOP), with an investment value of $4 billion, reads a statement on the UIA website.
The Africa, Caribbean, Pacific - European Union (ACP-EU) Joint Parliamentary Assembly sitting in Maputo City, Mozambique on Wednesday voted to let Uganda proceed with developing the much sought-after East African Crude Oil Pipeline Project (EACOP).
President Yoweri Museveni said the proposal to have the pipelines for the East African Crude Oil Pipeline (EACOP) project made here to benefit the people was abandoned following complaints that it would delay the project.
The East African Crude Oil Pipeline (EACOP) project and other oil and gas projects that were launched last week, is expected to provide 14,000 direct jobs.
President Yoweri Museveni and his Tanzanian counterpart, Samia Suluhu Hassan, on Sunday witnessed the signing of three agreements crucial to the development of the East African Crude Oil Pipeline (EACOP).
President Yoweri Museveni on Sunday highlighted the opportunities that countries in the Great Lakes Region stand to gain from the construction of the East African Crude Oil Pipeline (EACOP), which will start in Buseruka sub-county, Hoima District, and run for 1,445km to the Tanzania port city of
The African Development Bank and the Government of Uganda signed a $500,000 (about Shs1.8 billion) grant agreement for financing of Micro, Small and Medium Enterprises (MSMEs) to boost business linkages on the East African Crude Oil Pipeline Technical Assistance sproject.