The Independent UgandaA delicate balance as Uganda's oil refinery set for 2025
Amidst the debate, it is not clear whether the refinery in Uganda which is designed to process crude oil into jet fuel, kerosene and Heavy Fuel Oil (HFO) will still be viable and match
Uganda National Oil Company (UNOC) and its subsidiary, the Uganda Refinery Holding Company, hold a 40% stake in the project, with Alpha MBM Investments owning 60%. The refinery is
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Where is Uganda's crude oil being pumped? At another Ugandan oil field still close to Lake Albert but 100km north-east of Kingfisher dozens of earthmovers criss-cross a construction site for
- What is the Uganda refinery project?
- 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.
- Will Uganda take a 40 percent stake in the oil refinery?
- The government has been planning to take an equity stake of up to 40 percent in the refinery through the Uganda National Oil Company (UNOC) (with the possibility of it selling some of this stake to other governments from the East African Community).
- 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.
- Will Uganda's Oil Refinery Project be financed by equity?
- In November 2024, online media quoting Ruth Nankabirwa, Uganda's oil minister, reported that the Ugandan government and their Dubai-based partners Alpha MBM Investments, have decided to "wholly finance the $4-billion oil refinery project through equity".
- What impact could a refinery have on Uganda's Development?
- Various government policy documents and external studies have set out the impact that the refinery could have on Uganda’s development. Concerns about the security of Uganda’s fuel supply have been at the heart of the government’s long pursuit of a refinery, set out as early as 2008 in the National Oil and Gas Policy.
- What is Uganda's first oil project?
- French supermajor Total and Chinese state oil company CNOOC decided to go ahead with Uganda’s first oil project at the start of February 2022. As part of this, they are constructing the East Africa Crude Oil Pipeline (EACOP), which will have the capacity to export 216,000 barrels per day (bpd) of oil.
