Can Uganda's Oil Pipeline Project solve East Africa's oil crisis?

The East africa Crude oil Pipeline project (EACOP) runs for 1,443 kilometers from Kabaale in Hoima district, Uganda, to the Chongoleani Peninsula near Tanga Port in Tanzania.
The pipeline is designed to have a peak capacity of 246,000 barrels per day (bbls/day)
The EACOP project cost $5 billion. $2 billion was to be raised by the owners as equity investment, while the remaining $3 billion was to be borrowed. However, the project has been the subject of a number of legal challenges by environmental activists who have been campaigning for the project's cancellation.

[@Amukalalu]

$64 billion is little money to make from 1.6 billion barrels and since the 64 billion is being shared between Uganda and Tanzania, this makes it even more sad. This is pure theft. This oil will not bring any major changes in Uganda. I hope we can get a wiser president who can make better deals.

[@africanMegaProjects]

Thank you for sharing your thought.

[@SIRLEE]

Uganda has 6 billion barrels of established oil deposits from less than 20% of explored land for oil. So you can expect the total deposits to increase in the near future given the ongoing exploration. Plus the pipeline is also expected to offtake oil from eastern DRC where significant oil deposits exist, as well as oil from South Sudan.

[@Amukalalu]

@@SIRLEE Only 1.6 billion is economically recoverable with existing technologies