Rédaction Africa Links 24 with Uganda Monitor
Published on 2024-10-14 06:15:14
In what might, understandably, sound as unwelcome news for the oil sector and the economy, the projected start date for commercial oil production has been revised from end of 2025 to quarter four of 2026 but could stretch slightly into 2027, Monitor can reveal.
Even then, industry sources told this newspaper that the end of 2026 schedule is “only possible” if debt financing for the East African Crude Oil Pipeline (EACOP) is closed by the end of this month—as officials currently anticipate—or latest, end of the year.
“The projected date for First Oil is now quarter four of…
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