crude soybean oil refining production line in uganda

   
crude soybean oil refining production line in uganda
                                               
                                               
                                               
                                               
  • crude soybean oil refining production line in uganda
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.

Will the government take a large equity stake in Uganda's Oil Refinery?

The government¡¯s plan to take a large equity stake in the oil refinery is risky and may be unnecessary. French supermajor Total and Chinese state oil company CNOOC decided to go ahead with Uganda¡¯s first oil project at the start of February 2022.

How much oil was produced from soybeans in February 2022?

Soybeans crushed for crude oil was 5.23 million tons (174 million bushels) in February 2022, compared with 5.83 million tons (194 million bushels) in January 2022 and 4.93 million tons (164 million bushels) in February 2021. Crude oil produced was 2.06 billion pounds down 9 percent from January 2022 but up 7 percent from February 2021.

What is Uganda's first oil project?

French supermajor Total and Chinese state oil company CNOOC decided to go ahead with Uganda¡¯s first oil project at the start of February 2022. As part of this, they are constructing the East Africa Crude Oil Pipeline (EACOP), which will have the capacity to export 216,000 barrels per day (bpd) of oil.