Uganda refinery negotiations start


In depth
Issue 296 - 12 Mar 2015 | 6 minute read

Negotiations got under way in Kampala this week on project agreements for Uganda’s planned refinery. A consortium led by Russia’s RT Global Resources was selected in February as preferred bidder and will work with Japan’s Mitsui in addition to the consortium partners under a joint development agreement.The consortium comprises Russia’s Telconet Capital Limited Partnership, financial services company VTB Capital, oil company Tatneft and South Korea’s GS Engineering & Construction Corporation. RT Global oil and gas director Aleksey Polyakov told the East African Petroleum Conference in Kigali on 5 March that Mitsui was not part of the consortium but would work alongside it.

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