The Uganda Refinery Project includes: the storage terminal itself, for the refinery products located at Namwabula in Mpigi District. Alpha MBM Investments, an investment firm from the United Arab Emirates (UAE) is now the lead partner in the oil refinery project.
How much does it cost to build a refinery in Uganda?
In April 2018, the government and the AGRC reached an agreement to construct a 60,000 barrels-per-day refinery in Hoima, in mid-western Uganda at a cost of US $4.27bn.
Who owns crude oil in Uganda?
The crude oil owners are the Government of Uganda and UNOC, TotalEnergies E&P Uganda and China National Offshore Oil Corporation (CNOOC) Uganda Limited. The Shareholders’ Agreement will be signed by shareholders of the refinery company.
Who owns Uganda refinery company?
The Uganda Refinery Holding Company, a subsidiary of the UNOC will hold a participating interest of up to 40% in the Refinery Company on behalf of UNOC and Government of Uganda. The shareholders’ agreement lays out the financial obligations of each part such as cash calls, defaults, and stipulates the voting rights.