East Africa’s rapid economic progress is leading to growing demand for petroleum products. Inadequate refining capacity and difficulties in transporting imported products inland raises cost and risks for petroleum product supply in the hinterland.
Oil resources discovered in Uganda is an adequate feed source for a local refinery. A greenfield refinery project (the “Project”) will be ideally placed to capitalize on this opportunity: The Government of Uganda (the “GoU”) will invest up to 40% of Project equity and has appointed an Advisory Team to assist it in the procurement of a Lead Investor/Operator. Refinery capacity: 60,000 BPD. Significantly higher gross refining margin (“GRM”) than global levels due to inland location, composition of crude oil, and the addressable market. The project will have a dominant position in the target markets of East Africa.
UGANDA REFINERY PROJECT
