Chinese President Xi Jinping supports Uganda's East African Crude Oil Pipeline project, potentially providing financing.
Chinese President Xi Jinping has expressed "unwavering support" for Uganda's East African Crude Oil Pipeline project, which aims to export landlocked crude oil discoveries through a 1,443 km pipeline to Tanzania's coast. Ugandan President Yoweri Museveni revealed Xi's backing in a statement, signaling possible Chinese financing for the $5bn pipeline, following Western banks' refusal due to environmental concerns.
April 05, 2024
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