https://en.sputniknews.africa/20241204/uganda-to-fully-fund-4-billion-oil-refinery-project-with-equity-report-says-1069544186.html
Uganda to Fully Fund $4 Billion Oil Refinery Project With Equity, Report Says
Uganda to Fully Fund $4 Billion Oil Refinery Project With Equity, Report Says
Sputnik Africa
The Ugandan government announced plans to finance the construction of an oil refinery entirely with equity, despite earlier intentions to secure international... 04.12.2024, Sputnik Africa
2024-12-04T17:29+0100
2024-12-04T17:29+0100
2024-12-04T17:36+0100
sub-saharan africa
uganda
united arab emirates (uae)
investment
oil
oil pipeline
east africa
finance
refinery
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The Ugandan government has approved an equity financing structure for the country's $4 billion oil refinery, a local media reported.The decision, made in partnership with the UAE's Alpha MBM Investments, marks a significant development for the long-delayed project to build a 60,000 barrels per day crude oil refinery in the village of Kabale in western Uganda, according to the report. The move comes amidst other delays in the region's oil sector, including the East African Crude Oil Pipeline, which is also facing financing challenges and environmental concerns, the report noted.
https://en.sputniknews.africa/20241115/tanzania-uganda-oil-pipeline-is-47-finished-report-says--1069242099.html
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uganda, united arab emirates (uae), investment, oil, oil pipeline, east africa, finance, refinery
uganda, united arab emirates (uae), investment, oil, oil pipeline, east africa, finance, refinery
Uganda to Fully Fund $4 Billion Oil Refinery Project With Equity, Report Says
17:29 04.12.2024 (Updated: 17:36 04.12.2024) Alla Shukanova
Writer / Editor
The Ugandan government announced plans to finance the construction of an oil refinery entirely with equity, despite earlier intentions to secure international funding with a 60:40 debt to equity ratio, according to reports.
The Ugandan government has approved an equity financing structure for the country's $4 billion oil refinery, a local media reported.
The decision, made in partnership with
the UAE's Alpha MBM Investments, marks a significant development for the long-delayed project to build a 60,000 barrels per day crude oil refinery in the village of Kabale in western Uganda, according to the report.
The move comes amidst other delays in the region's oil sector, including the East African Crude Oil Pipeline, which is also facing financing challenges and environmental concerns, the report noted.
