Uganda expects to announce the winning bidder among four groups competing for a new 60,000 barrel per day (bpd) oil refinery next month, the country’s Energy Minister Ruth Nankabirwa told Reuters on Tuesday. The development comes after negotiations with a consortium that included a unit of U.S. firm Baker Hughes (BKR.O) lapsed in June over its failure…
Tag: Uganda oil
Uganda in talks with Chinese credit agency for pipeline funds – official
Uganda is in advanced talks with Chinese export credit agency SINOSURE to provide credit for its crude oil pipeline after pressure from environmentalists forced some Western banks to recoil from the project, a top official said on Monday. The 1,445-kilometre (898-mile) East African Crude Oil Pipeline (EACOP) is planned to help Uganda export its crude…
Uganda walks away from US firm-led consortium after refinery contract expires
Uganda is seeking new investors for its $4.5 billion refinery after its Project Framework Agreement (PFA) with a consortium of American and Italian firms expired. Uganda is seeking new investors for its $4.5 billion refinery after its Project Framework Agreement (PFA) with a consortium of American and Italian firms expired on June 30. The Ministry…
Uganda approves construction license for $3.5 billion crude oil pipeline
By EK Benj & Reuters – Updated at 0540 EAT on Wednesday 25th January 2023 Uganda has approved an application by a company controlled by TotalEnergies to construct a 3.5 billion U.S. dollar oil pipeline that will transport the country’s crude to international markets, Godfrey Kabbyanga, the state minister for information, said in a statement…
HICGI News Agency 