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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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Jan
06
2024
By The African Mirror
Nigeria’s Port Harcourt oil refinery to complete test run this month

Nigeria’s Port Harcourt oil refinery to complete test run this month

BUSINESS
NIGERIAN state-owned oil firm NNPC Ltd will complete test runs at the Port Harcourt refinery in the south this month, in a major step towards resuming operations five years after the plant was shut, the company said. "Testing will conclude shortly, ensuring the refinery's efficient operation. That phase will be completed this month," NNPC spokesperson Femi Soneye said. The refinery, which is undergoing an upgrade, will begin by processing 60,000 barrels per day, and NNPC expects to operate at the full capacity of 210,000 barrels per day later this year. Port Harcourt is among Nigerian state-owned refineries that have been…
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Nov
04
2020
By The African Mirror
Nigerian workers protest over pay at Africa’s largest oil refinery near Lagos

Nigerian workers protest over pay at Africa’s largest oil refinery near Lagos

NEWS
NIGERIAN workers have demonstrated over pay issues outside the site of what will be Africa's largest oil refinery, the owner Dangote Industries Ltd said, at a time of heightened tensions in the country over police brutality. In its statement, Dangote said the protesters were not company employees but subcontractors locked in a pay dispute with their employers. "The situation is under control as we are mediating with the parties involved," said the statement, which gave no further information. Twitter posts showed several dozen people gathered at what appeared to be the site of the planned refinery and said the protesters…
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