CAPE TOWN, – Uganda expects to announce the winning bidder among four contesting groups for a new 60,000 barrel per day (bpd) oil refinery next month, the country’s Energy Minister Ruth Nankabirwa told the media in South Africa on Tuesday.
The latest 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 to mobilise financing in time. It will be located in Kabaale village on the eastern shore of lake Albert along the Hoima-Kaiso_tonya road , Buseruka subcounty Hoima district.
The refinery is expected to start operations in 2027.
The Uganda Refinery project also includes a 211-kilometer multi-products pipeline from Kabaale to a distribution hub in Namwambula-mpigi district , a refined product storage terminal in Namwabula-Mpigi and a raw water pipeline from lake Albert to the refinery in Kabaale.
