Uganda expects to announce a winner in November from four groups of bidders competing for the proposed 60,000 barrel per day (bpd) Hoima oil refinery, according to comments made by Energy Minister Ruth Nankabirwa on October 17. The land has also been acquired and cleared to build the refinery and its associated pipelines, according to Ssekatawa. The Ugandan government’s plan for the new refinery should see it constructed at Kabaale, Buseruka Sub-County in Hoima District. The recent halt in progress for Hoima is now the second time that the project has failed to take off. "We need just about $3bn to conclude the financing of this crude pipeline and the more we delay, the more expensive the project will become," Nankabirwa noted.


Source:   Ethiopian News
October 20, 2023 06:13 UTC