Russians eye Uganda’s refinery
Three Russian companies have formed a consortium to bid for the construction of Uganda’s first crude refinery.
Russian state-owned company Rostec, VTB Capital and Tatneft, an oil company, will be seeking to compete against other bidders, including the Chinese, to undertake one of Uganda’s biggest infrastructural projects.
“The first infrastructure project in which the consortium can participate is the construction of oil refineries,” read the statement posted on the Rostec website.
Meanwhile, Russian media has reported that Uganda’s Ministry of Energy signed a memorandum of understanding early this week with its Russian counterparts, “to cooperate in the development of oil and gas fields, construction and operation of refineries and development of renewable energy sources.”
The memorandum also provides for the exchange of technology, largely through training and technical cooperation.
Attempts by Oil in Uganda to get more information about the partnership from the Energy Ministry were futile, although the Minister’s office confirmed she was in Russia at the time.
Report by Beatrice Ongode