Total’s suspension of the East Africa Crude Oil Pipeline is a chance for Standard Bank and others to think again

BankTrack discusses the controversial project in Uganda and Tanzania

Plans for a 1,443 kilometre heated crude oil pipeline from Uganda’s oil fields to Tanzania’s coast have hit the rocks, with Total SA confirming on Thursday last week that it has stopped work on the East Africa Crude Oil Pipeline (EACOP) project until further notice. The announcem…

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