The East African Crude Oil Pipeline (Eacop) project is 47.1% complete as of September 2024, with ongoing construction since February 2022. Jointly managed by the Tanzanian and Ugandan governments alongside TotalEnergies and CNOOC, the project costs an estimated $3.5 billion. Its completion by July 2026 is expected to create jobs and generate significant local revenue.
As of September 2024, the East African Crude Oil Pipeline (Eacop) project, which spans from Uganda to Tanzania, has attained a 47.1% completion rate. Initial construction commenced in February 2022 and has seen significant progress, particularly in pipe-laying activities across eight regions. The project is a collaborative effort between the Tanzanian and Ugandan governments, each possessing a 15% stake, while TotalEnergies controls 62% and CNOOC holds 8%. The projected cost of the Eacop initiative is approximately $3.5 billion, necessitating comprehensive logistical and environmental planning to mitigate adverse effects on surrounding ecosystems and local communities. According to Mr. Asiadi Mrutu, the project coordinator at the Tanzania Petroleum Development Corporation (TPDC), construction is on track for completion by July 2026. As of September, nearly 10,000 residents have been compensated, with payments totaling Sh35.1 billion. The pipeline project has also facilitated substantial job creation, providing temporary employment for around 8,694 Tanzanians since its launch, with hopes for permanent positions for 148 workers upon completion. Additionally, the initiative has generated significant government revenue from various permits and local services, totaling Sh821.1 billion.
The East African Crude Oil Pipeline (Eacop) is a monumental infrastructure project designed to transport crude oil from Uganda to the port of Tanga in Tanzania. This joint venture involves a strategic alliance between the Tanzanian and Ugandan governments, along with significant foreign investment from companies such as TotalEnergies and CNOOC. The construction of the pipeline not only aims to bolster regional economic development but also presents unique challenges concerning environmental sustainability and community impact.
The Eacop project is progressing steadily, with nearly half of the construction completed as of September 2024. With a commitment to schedule adherence and community engagement, the project stands to benefit both nations economically and socially. The completion anticipated by mid-2026 will not only enhance job opportunities but also stimulate local economies through increased government revenue. Stakeholders are continuously involved to ensure transparency and adequate community support throughout the duration of the project.
Original Source: www.thecitizen.co.tz
