Uganda government has invited statements of qualification from appropriately qualified firms or consortia to lead and invest in the development of a greenfield oil refinery with the a capacity of 60,000 BPD in Uganda, and the associated downstream infrastructure (the project).

According to sources, the project will be owned by the selected firm/consortium and the government of Uganda in a 60:40 partnership.

The sources say that the project will serve a large and growing market for petroleum products in East Africa with opportunities for significant risk adjusted returns. Also according to sources, crude supply will be sourced from the consortium of upstream producers, comprising CNOOC, Total SA, Tullow Oil, and the government of Uganda. One of the objectives of the National Oil and gas policy for Uganda is to refine the Oil resources discovered in the country.

The sources told us that Uganda government appointed Taylor- Dejongh, as transaction advisor, to manage the international competitive tender and to advise Uganda government on the selection and appointment of the firm/consortium.

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