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What is Uganda Oil Refinery?
The Uganda Oil Refinery is a planned crude oil refinery in Kabaale village, on the Eastern shore of Lake Albert along the Hoima–Kaiso–Tonya Road, Buseruka Sub-county, Hoima District, Western Region, Uganda, near the border with the Democratic Republic of the Congo. It has been planned since 2010. Community opposition was repressed early on.
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.
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 Uganda refinery company?
The Uganda Refinery Holding Company, a subsidiary of the UNOC will hold a participating interest of up to 40% in the Refinery Company on behalf of UNOC and Government of Uganda. The shareholders’ agreement lays out the financial obligations of each part such as cash calls, defaults, and stipulates the voting rights.
How many barrels a day should a refinery produce in Uganda?
Projected Ugandan demand to 2050 (thousands of barrels per day) The refinery must export any production that the domestic market does not consume. Being located inland, it should be able to supply its landlocked neighbors without much competition unless other inland refineries are built in the vicinity.
Is it a FEED contract for Uganda’s first refinery?
"Consortium Lets FEED Contract for Uganda’s First Refinery". Houston: Oil & Gas Journal. Retrieved 9 August 2018. ^ Frederic Musisi (9 August 2018). "Italian Firm Given Nod On Refinery Design Tender". Daily Monitor. Kampala, Uganda. Retrieved 10 August 2018. ^ Elias Biryabarema (4 July 2023).