All is now set for execution of the East African Crude Oil Pipeline (EACOP) project after France's TotalEnergies and the China National Offshore Oil Corporation (CNOOC) announced signing of Final Investment Decision (FID) at a historic ceremony held at Kololo grounds in Kampala, Uganda on Tuesday.
The colourful event was witnessed by President Yoweri Museveni of Uganda and Tanzania's Vice President Dr. Philip Mpango, who represented President Samia Suluhu Hassan. The FID is the stage in energy projects in which the firms operating the venture sanction its development.
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