Introduction to the Uganda Refinery Project, September 2013 Uganda’s Refinery involves the development of a greenfield oil refinery, with a capacity of 60,000 BPD in Uganda, and the associated downstream infrastructure (the Project). The Project will be owned by the selected firm/consortium and the GOU in a 60:40 partnership.
Will Uganda’s planned oil refinery be profitable?
Uganda’s planned oil refinery will have several benefits for the country, including for its security of fuel supply and balance of payments. The refinery could be reasonably profitable, generating an internal rate of return of 13 percent in a baseline scenario.
When will Uganda’s first oil refinery start operating?
The refinery is expected to start operating two years after Uganda has achieved first oil in 2025. Eight years ago, in July 2016, officials of RT Global Resources, the consortium that had been awarded the first refinery tender returned to Moscow to discuss with their superiors about renewal of the performance bond but never returned.
Where is Uganda’s only oil refinery located?
Since some of the largest oil fields are in the Kaiso-Tonya area in Hoima District, the area was selected for Uganda’s only oil refinery. The strategy is to build a refinery that meets the petroleum products needs of Uganda and its regional neighbors, with any remaining to be exported.