Uganda: Government rethinks refinery


Issue 331 - 04 Oct 2016 | 2 minute read

After failing to agree terms with the two leading bidders for its flagship refinery scheme, the government is restructuring the 60,000 b/d project and seeking a new investor. Ugandan officials spent more than three years negotiating with a Russian consortium led by RT Global Resources before talks collapsed in June and reserve bidder SK Engineering & Construction indicated that it was no longer interested in the project. Ministry of Energy and Mineral Development assistant commissioner Dozith Abeinomugisha told the Uganda Chamber of Mines and Petroleum annual general meeting in Kampala that the government was looking for a new investor to take a smaller share.

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