EACOP hosts Bank of Uganda Governor, Judiciary heads

Kampala, August 6, 2026 - Bank of Uganda Governor Dr Michael Atingi-Ego has said the progress of the East African Crude Oil Pipeline (EACOP) is critical to Uganda’s macroeconomic outlook, noting that government revenue projections and export earnings are closely tied to the successful delivery of the country’s oil and gas projects. “If you look at the 2026/27 budget and all the projections we have in our balance of payments, they are all hinged on what you guys are doing here.”

“I came to confirm that this is true because, in the unlikely event that it is not, we have to go back to the drawing board. I am very, very impressed,” Atingi-Ego said.

He said this on Wednesday as EACOP hosted a high-level delegation that included Chief Justice of Uganda, Dr Flavian Zeija, at Pump Station One in Kabaale, Hoima District, where they received a firsthand update on the progress of the pipeline ahead of Uganda’s first oil. Pump Station One is the first of six pump stations along the East African Crude Oil Pipeline and will receive crude oil from the Tilenga and Kingfisher development areas before it is transported through the 1,443-kilometre heated pipeline to the export terminal in Tanga, Tanzania.