crude oil refineries manufaocturerers in uganda

   
crude oil refineries manufaocturerers in uganda
                                               
                                               
                                               
                                               
  • crude oil refineries manufaocturerers in uganda
What is Uganda Oil Refinery?

The Uganda Oil Refinery is a planned crude oil refinery in Kabaale village, on the Eastern shore of Lake Albert along the Hoima¨CKaiso¨CTonya Road, Buseruka Sub-county, Hoima District, Western Region, Uganda, near the border with the Democratic Republic of the Congo. It has been planned since 2010. Community opposition was repressed early on.

Who owns crude oil in Uganda?

The crude oil owners are the Government of Uganda and UNOC, TotalEnergies E&P Uganda and China National Offshore Oil Corporation (CNOOC) Uganda Limited. The Shareholders¡¯ Agreement will be signed by shareholders of the refinery company.

Who owns Uganda refinery company?

The Uganda Refinery Holding Company, a subsidiary of the UNOC will hold a participating interest of up to 40% in the Refinery Company on behalf of UNOC and Government of Uganda. The shareholders¡¯ agreement lays out the financial obligations of each part such as cash calls, defaults, and stipulates the voting rights.

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.