https://en.sputniknews.africa/20250330/uganda-inks-deal-with-uae-company-for-refinery-project-1071348948.html
Uganda Inks Deal With UAE Company for Refinery Project
Uganda Inks Deal With UAE Company for Refinery Project
Sputnik Africa
Alpha MBM Investments is a private investment office established by Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, a member of the Dubai Royal Family. The... 30.03.2025, Sputnik Africa
2025-03-30T15:34+0200
2025-03-30T15:34+0200
2025-03-30T15:34+0200
sub-saharan africa
uganda
united arab emirates (uae)
africa
east africa
oil
oil pipeline
energy
renewable energy
development
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Uganda and Dubai-based Alpha MBM Investments have agreed to jointly develop a 60,000 BPD refinery in Uganda.Alpha MBM will hold a 60% stake in the project, with the Uganda National Oil Co. owning the remaining 40%. The $4 billion project includes a storage terminal and a 212km multi-product pipeline.Despite previous failed attempts to secure investors since discovering commercial oil reserves in 2006, Uganda's oil fields are now being developed by petroleum company TotalEnergies SE, with an estimated 1.4 billion barrels of recoverable oil out of a total resource of 6.5 billion barrels.
https://en.sputniknews.africa/20250327/uganda-raises-vigilance-on-drc-border-amid-clashes-with-rebels-updf-acting-spokesman-says-1071313014.html
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uganda, united arab emirates (uae), africa, east africa, oil, oil pipeline, energy, renewable energy , development, cooperation
uganda, united arab emirates (uae), africa, east africa, oil, oil pipeline, energy, renewable energy , development, cooperation
Uganda Inks Deal With UAE Company for Refinery Project
Ekaterina Shilova
Writer / Editor
Alpha MBM Investments is a private investment office established by Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, a member of the Dubai Royal Family. The organization operates across Africa and focuses on actively investing in and developing projects in various sectors, including oil and gas production.
Uganda and
Dubai-based Alpha MBM Investments have agreed to jointly develop a 60,000 BPD refinery in Uganda.
Alpha MBM will hold a 60% stake in the project, with the Uganda National Oil Co. owning the remaining 40%. The $4 billion project includes a storage terminal and a 212km multi-product pipeline.
Despite previous failed attempts to secure investors since discovering commercial
oil reserves in 2006, Uganda's oil fields are now being developed by petroleum company TotalEnergies SE, with an estimated 1.4 billion barrels of recoverable oil out of a total resource of 6.5 billion barrels.
