Africa pipeline news

EACOP Ltd., the company in charge of the construction and future operation of the East African Crude Oil Pipeline project from Kabaale in Uganda to Tanga in Tanzania, has announced that it has closed the first tranche of external financing for the project.

Penspen, an international energy consultancy, has been awarded a contract to provide a feasibility study update for the Trans-Saharan Gas Pipeline (TSGP), a landmark infrastructure project with the potential to transform African energy dynamics, enhance economic integration, and bolster global energy security.

Aminex, the oil and gas exploration and development company focused on Tanzania, has announced an update on the Ntorya development.

The President of the Arab Republic of Egypt Abdel Fattah El-Sisi and the President of the Republic of Cyprus Nikos Christodoulides presided the signing, which took place during the opening ceremony of EGYPES, an energy event in Egypt.

This agreement is set to enhance the efficiency of energy resource utilisation and minimise costs.

NNPCL is scouting private financiers to overhaul dormant 5120 km of pipeline network, insisting that the nation’s refineries, being repaired for about US$2.9 billion, are on the verge of taking off.

The project’s first phase will include Morocco, Mauritania, and Senegal, and additional agreements for gas transport will be signed next year.

The EACOP project has reached a critical milestone, with construction now 47.1% complete, bringing it closer to becoming a vital link for transporting Uganda’s oil to international markets via Tanzania.

Gas will travel from Algeria via Tunisia, then through an undersea pipeline to Italy, and on to Europe and Czech Republic.

Back in September, the landlocked nation announced it was getting nearer an agreement with Sudan over vital oil movements.