The Economy of Uganda
Oil Discoveries and the EACOP Pipeline
Oil found near Lake Albert is set to begin production, with a 1,443-kilometre heated pipeline to Tanzania's coast, raising hopes for revenue and concerns about the environment.
A big new industry.
Discovery
Commercial oil was found in 2006, with billions of barrels in place.
Pipeline
The East African Crude Oil Pipeline will carry oil from Uganda to Tanga, in Tanzania.
Developers
TotalEnergies and CNOOC lead the projects.
Debates
Climate campaigners and communities raise concerns about displacement and emissions, while the government stresses jobs and revenue.
A long pipe
Crude oil heated to keep it flowing travels across two countries.
Assuming oil automatically brings prosperity
Management and governance matter.
Key takeaways
- Oil was found in 2006.
- EACOP will carry it to Tanzania.
- Production is set to start.
- Environmental concerns exist.
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