News
26 May 2023

China to fund East African Crude Oil Pipeline

In:
Oil & gas
Region:
Middle East & Africa

China has stepped in to provide funding for the East African Crude Oil Pipeline (EACOP) project, following the withdrawal of support by more than 45 banks and insurers.Financial institutions such as Citi, HSBC, and Munich Re have ruled out backing the infrastructure, with Standard Chartered being...

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