Uganda Refinery Holding Company is set to commission its $4 billion, 60,000-barrel-per-day oil refinery between late 2029 and early 2030. The ambitious project represents a significant investment in Uganda’s energy infrastructure and industrial capacity.
Supporting infrastructure development, including roads, water facilities, and a 200 megawatt high-voltage power supply, is advancing through a $3.4 billion, multi-investor-backed industrial park linked to the refinery. Michael Nkambo Mugerwa, General Manager of Uganda Refinery Holding Company, emphasized the project’s comprehensive scope.
“This project goes beyond fuel production. We are looking at petrochemicals, kerosene, fertilizers and gas processing. The refinery is designed to capture the full value chain,” Mugerwa stated. The facility aims to process not only crude oil but also develop downstream products that will support various sectors of Uganda’s economy.
Uganda Refinery Holding Company is providing 40% of the project financing, with UAE-based Alpha MBM Investments contributing the remaining 60%. The partnership demonstrates international confidence in Uganda’s energy sector and the viability of the refinery project.
Source: energycapitalpower.com