The East African Crude Oil Pipeline (EACOP) is a major infrastructure project designed to transport crude oil from landlocked Uganda to the port of Tanga in Tanzania. This pipeline, which spans over 1,400 kilometers, is one of the longest heated pipelines in the world, and it is designed to carry oil from Uganda’s oil fields in the western region of the country to the Tanzanian coast. EACOP plays a central role in facilitating the commercial production and export of Uganda’s oil, which is expected to significantly boost the country’s economy. The pipeline project is also expected to contribute to regional economic integration, enhancing trade between Uganda, Tanzania, and other East African nations.
EACOP is a joint venture involving several key stakeholders, including TotalEnergies, the China National Offshore Oil Corporation (CNOOC), and the Uganda National Oil Company (UNOC). These entities are responsible for overseeing the development and operation of the pipeline, which is projected to have a capacity of transporting up to 200,000 barrels of oil per day once fully operational. The project is part of the larger oil development efforts in Uganda, which include the construction of oil fields and other related infrastructure. EACOP is expected to play a pivotal role in unlocking the potential of Uganda’s oil resources, which are estimated at over 6.5 billion barrels of oil reserves.
The EACOP pipeline is designed to address several challenges inherent in transporting crude oil from landlocked regions to international markets. The pipeline’s heated design is critical because Uganda’s crude oil has a high wax content, which would make it difficult to transport in colder conditions. The pipeline will be equipped with a system that maintains the oil at an optimal temperature to ensure its flow. Additionally, the route was selected to minimize environmental impact while maximizing efficiency, passing through rural and sparsely populated areas in Uganda and Tanzania, which reduces the risk of disruptions. However, the project has faced environmental and social challenges, particularly regarding land acquisition and the resettlement of affected communities along the pipeline’s route.
EACOP is not only an important infrastructure project for Uganda but also a key component of Tanzania’s oil and gas sector development. The pipeline terminates at the port of Tanga, which will be developed to accommodate the export of Uganda’s crude oil to international markets. This development will enhance Tanzania’s strategic importance in the East African oil and gas sector and could serve as a gateway for further exploration and trade in the region. Moreover, the project is expected to create thousands of jobs during its construction and operation, providing a significant economic boost to both Tanzania and Uganda. It is anticipated that EACOP will also foster regional cooperation, with both countries benefiting from improved trade routes and shared energy resources.
While the EACOP project offers significant economic opportunities, it has not been without controversy. Environmental groups and local communities have raised concerns about the potential environmental impacts, including the risk of oil spills, deforestation, and water pollution. Additionally, the displacement of local communities to make way for the pipeline has led to protests and calls for fair compensation and better handling of resettlement processes. In response to these concerns, the project developers have committed to implementing measures to mitigate environmental risks and ensure proper compensation for affected communities. Despite these challenges, the EACOP pipeline remains a crucial component in the development of the East African oil sector and has the potential to significantly transform the regional economy.
Job Vacancy at East African Crude Oil Pipeline (EACOP)
We are seeking a detail-oriented Accounts Payable Specialist to join our team at the East African Crude Oil Pipeline (EACOP)
Job Position: Account Payable
Location: Dar es Salaam
Deadline: October 31, 2024
Duties
- Receive invoices from vendors, verify that they comply with the necessary requirements, record the receipt, and submit them for approval.
- Coordinate with the Tax team to track the VAT relief utilization process.
- Collaborate with other departments, cost controllers, and the Contracts & Procurement department to ensure invoice approval, creation/release of purchase orders and call-offs, and proper goods/service receipts; address any issues that arise.
- Communicate with vendors and respond to internal inquiries as needed.
- Reconcile monthly supplier statements, identify any discrepancies, and make necessary corrections.
- Assist the Chief Accountant during external audits, including statutory, financial, fiscal, and audits by shareholders and national authorities.
Accountabilities
- Ensure the prompt processing and posting of vendor invoices for payment.
- Follow up on vendors’ accounts to ensure timely payments and resolve any issues.
Education Background
- Bachelor in Accounting, Finance, or Business Administration—ACCA Level 2.
- Knowledge of Workday or similar ERP, Microsoft Office Suite.
Experience
- Minimum 3 year experience within an accounting department.
Abilities
- Strong organizational, team-oriented, and interpersonal skills.
- Proficient in English, both spoken and written.
Mode of Application
Qualified candidates are required to submit their CV along with a cover letter explaining why they are the best fit for the position. Additionally, applicants should provide contact information for three (3) referees, including at least one from their most recent employer.
Please submit your application only through ANY of the contact information provided below.
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CCL: tanzania@cclglobal.com
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