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Is Uganda's $4b oil refinery a viable investment? monitor.co.ug - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from monitor.co.ug Daily Mail and Mail on Sunday newspapers.
Daily Monitor Tuesday May 04 2021 Summary Here are some key issues that must be considered in setting up such joint ventures between local enterprises and the international companies. Advertisement As Uganda’s oil project passes critical milestone on the road to commercial production, it is a key objective of the government to entrench local participation in the sector employment and supply chain opportunities. This is intended to maximise the economic benefits of oil development for the people of Uganda. It is, however, inevitable that some of the supplies will be sourced abroad because they are not locally available. Though this positions international enterprises better for these opportunities, they must bid in conjunction with local firms to conform to national content requirements. This article highlights some of the key issues that need to be considered in setting up such joint ventures between local enterprises and the international companies. � ....
Daily Monitor Tuesday April 20 2021 Summary At peak levels, Uganda will produce up to 230,000 barrels of crude per day of which a maximum of 60,000 would be allocated to the refinery if in place. Advertisement Following the recent conclusion of key oil agreements related to the East African Crude Oil Pipeline (“EACOP”) project, Uganda is at the Final Investment Decision (FID) to develop the necessary infrastructure for crude oil production. The international oil companies (“IOCs”) now have the green light to start awarding major project contracts. Close to $15 billion is projected will be spent on building the crude oil processing and production facilities, EACOP and potentially the refinery. There is palpable excitement and revived optimism of economic prosperity from these forthcoming projects. To help manage public expectations, this article gives an overview of the road map to Uganda’s first oil. ....