Related Articles
Forward article link
Share PDF with colleagues

Uganda refinery decision raises hopes for oil in 2018

The country's Lake Albert oilfields could start producing within the next three years

Production could start from Uganda’s Lake Albert oilfields in 2018, following the government’s selection of a group to construct an inland refinery. But output will be limited to the capacity of the refinery — 30,000 barrels a day (b/d) initially, later doubling to 60,000 b/d — until an export pipeline can be constructed.  The government chose a mainly-Russian group to build the refinery and own 60% of the venture, with the Ugandan state and neighbouring countries holding the other 40%. The group is headed by RT Global, a wholly-owned unit of the Russian state-owned defence company, Rostec, and in-cludes Russian oil producer Tatneft, Russian investment companies VTB Capital and Telconet Cap

Also in this section
Refiners and finance: who's winning and where?
20 April 2018
Companies that splurged on sophisticated capacity additions, like Repsol and Tüpraş, and the majors with balanced upstream-downstream portfolios will benefit most
Middle distillates take centre stage
20 April 2018
Oil-product demand, especially for middle distillates, is rising more quickly that processing capacity. It's good news for refiners
Shipping sector braces for emissions storm
20 April 2018
Is the fuel oil market ready for tighter carbon and sulphur emissions rules on shipping?