Pipelines: East Africa

Department for International Trade written question – answered on 29th January 2021.

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Photo of Kate Osamor Kate Osamor Labour/Co-operative, Edmonton

To ask the Secretary of State for International Trade, pursuant to the Answer of 8 December 2020 to Question 122815 on Pipelines: East Africa, for what reason the Answer of 23 December 2020 to Question 130164 on Fossil Fuels: Export Credit Guarantees did not include reference to the East African Crude Oil Pipeline; and what other projects have UKEF been approached on that were not included in Answers to Questions 91998 and 118072.

Photo of Graham Stuart Graham Stuart Parliamentary Under-Secretary (Department for International Trade)

While UK Export Finance (UKEF) has been approached by and held initial meetings with the sponsors of the East African Crude Oil Pipeline project (EACOP), it has not engaged in any substantive due diligence on the project and so considers this to be an early-stage enquiry. As such, at this early stage UKEF was not able to make any reliable assessment of whether the transaction might progress or, if so, over what timeframe.

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