Local law firm to advise on $ 2.5 billion refinery project
A Ugandan law firm, Katende Ssempebwa and Co. Advocates, will provide local counsel on the procurement of an investor and operator of the country’s first oil refinery.
Government recently appointed Eversheds, an international law firm, to advise on the structure of the agreement with the eventual successful bidder for the refinery. The company will be working with the Ugandan law firm to ensure the country gets the best possible deal.
According to Sim Katende, the Lead Partner at Katende Ssempembwa & Co. Advocates, the Government of Uganda retained them, along with Eversheds, to advise on the right legal structures to put in place to govern the refinery project.
“Eversheds is working with us because we understand Ugandan laws and they (Eversheds) have more experience on the international legal regime,” he told Oil in Uganda.
“Together, we shall develop legal structures governing the refinery development and advise government when they are going to make selections of who will actually build the refinery.”
Last week, government put out a request for qualification inviting investors to take up a 60 % stake in its planned 60,000 barrels per day refinery, expected to cost at least $ 2.5 billion.
Government expects to have identified the investor by mid next year.
Report by Beatrice Ongode