The government of Uganda has announced plans to
construct its oil refinery in the western territory of the county.
Ugandan President Yoweri Museveni revealed the
plans during a meeting with the delegation of Albertine Graben Refinery Consortium (AGRC) and said that a joint venture of the Uganda National Oil Company, four Italian and Mauritian companies, and the
government are working on the start of oil production, and will use the oil
revenue to build national capacity.
“The upstream is heading in the right direction and
also the final investment call. We have a tendency to square measure operating
to confirm that the refining industry starts production. Land can not be a
haul. The building of a works could be a minimum. The target is to interact the
oil corporations for the pipeline,” said the President.
The government is additionally engaging with oil
companies over the planned construction of the East African Crude Oil Pipeline
between the oil wells in Albertine Graben, western Uganda, and the Tanzania
seaport of Tanga, Museveni said.
Uganda expects to start commercial production of
oil by 2022. The country has over 6.5 billion barrels of oil reserves, according
to the figures of the Ministry of Energy and Mineral Development. Three
international companies, China National Offshore Oil
Corporation, Total, and Tullow have an equal stake in Uganda’s so far
discovered oil wells in Albertine Graben.
The Albertine Graben Refinery Consortium CEO, Ms. Rajakumari Jandhyala, who briefed the President on the progress recorded in the oil project so far, said her delegation was keen to operationalize the oil industry in the country.https://constructionreviewonline.com/2019/07/uganda-to-construct-its-first-oil-refinery/
