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Jan
24
2024
By ELIAS BIRYABAREMA
Uganda in talks with UAE investment firm over planned oil refinery

Uganda in talks with UAE investment firm over planned oil refinery

NEWS
UGANDA is negotiating with an investment company led by a member of Dubai's royal family to develop a planned $4 billion refinery for some of its crude oil, its energy minister said. Uganda in July last year terminated negotiations with a consortium that included a unit of U.S. firm Baker Hughes over its failure to mobilise financing in time. Uganda is counting on the 60,000 barrel-per-day refinery for its nascent hydrocarbons industry. "Expressions of interest were received from several potential investors and they were evaluated ... following which a memorandum of understanding was signed on the 22 of December 2023," Minister…
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May
11
2023
By The African Mirror
Congo in discussions with Uganda over use of crude pipeline

Congo in discussions with Uganda over use of crude pipeline

NEWS
THE Democratic Republic of Congo is in discussions with neighbouring Uganda for possible use of the east African country's planned crude oil pipeline to export petroleum, Congo's hydrocarbons ministry said. Uganda is developing the $3.5 billion 1,445-kilometer East African Crude Oil Pipeline (EACOP) that will start from oil fields in its Albertine rift basin on its western border with Congo to Tanzania's Indian Ocean seaport of Tanga. The pipeline is for transporting Uganda's crude to international markets when the country starts production in 2025. Congo's Ministry of Hydrocarbons said in a Twitter statement late on Tuesday that its minister Didier…
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