Editorial
Uganda has signed a deal that paves the way for the implementation of the oil refinery project.
President Yoweri Museveni oversaw the signing of the implementation Agreement (IA) for the Uganda Refinery between the Ministry of Energy and Mineral Development and the Uganda National Oil Company (UNOC) and the joint venture partner, Alpha BMB Investment a based in the United Arab Emirates.
The agreement signing that took place at State House, Entebbe, lays the foundation for the project which is crucial for the commercialization of Uganda’s oil and gas resources.
The refinery is due to be constructed at the Kabaale Industrial Park in Hoima District.
The ministry describes Alpha MBM Investments as a distinguished company from UAE led by His Highness Sheikh Mohammed bin Maktoum bin Juma Al Maktoum, a member of the Dubai Royal Family.
The refinery will be East Africa’s first major crude processing plant following the closure of the Kenya and Tanzania plants in 2013 and 2000 respectively.
