Uganda Oil Refinery

Overview:

• Uganda Oil Refinery.
• The proposed refinery, at Kabaale in Hoima, will process 60,000 barrels a day and the wider project also includes a 205km pipeline to a distribution terminal near Kampala.
• A consortium led by RT Global Resources and made up of GS Engineering & Construction, Tatneft and VTB Capital was selected as the winning bidder in February 2015 but talks broke down in June 2016 following issues over government funding for the project. Questions have also been raised about the project's location in the Hoima region, which, while close to the country's oil reserves, is considered remote.
• In July 2016 it was announced that discussions had begun with South Korea's SK Engineering & Construction, one of the backup bidders on the original tender, however these are not believed to have advanced. China Petroleum & Chemical Corporation (Sinopec) has also been cited as a potential developer.
• While originally scheduled for completion in 2017, the date has now been pushed back to 2020.

Sam Duke - Editor