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.
Who owns the share of Uganda refinery?
The Uganda Refinery project will be a private sector led project. The Government’s share will be held by the Uganda National Oil Company, through its subsidiary Uganda Refinery Holding Company. East African Community partner states (Kenya and Rwanda) and TotalEnergies Exploration and Production Uganda TEPU have expressed interest in holding shares.
Where is Uganda’s only oil refinery located?
Since some of the largest oil fields are in the Kaiso-Tonya area in Hoima District, the area was selected for Uganda’s only oil refinery. The strategy is to build a refinery that meets the petroleum products needs of Uganda and its regional neighbors, with any remaining to be exported.
Which countries will be able to operate a petroleum refinery in Uganda?
The Project will primarily serve the petroleum product markets in Uganda and its western neighbors. Additional outlets will be available within the larger product markets of Kenya and Tanzania. The refinery will serve a potential market of 232,000 BPD in its first year of operations.
What is Uganda’s Oil Refinery – an opportunity for transformation?
Uganda’s Oil Refinery – An Opportunity for transformation Uganda’s petroleum products consumption is at 27,000 barrels/day and that for East Africa is close to 200,000 barrels/day growing at an annual rate of about 7%. This fact presents an opportunity to Uganda, with the confirmation of over 1.4 billion barrels of recoverable oil in the country.
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.