tanzania secures 8pc stake in ugandas $2.5b oil refinery

Tanzania secures 8pc stake in Uganda’s $2.5b oil refinery

Tanzania has agreed to acquire an 8 per cent stake in the $2.5 billion crude oil refinery plant that the Uganda government plans to build in Hoima. The refinery is to be developed under a public-private partnership, with lead investor taking a 60 per cent stake and the Uganda

Uganda Oil Refinery Wikipedia

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The refinery will be built on a 29 square kilometres (11 sq mi) piece of land in Kabaale Township, Buseruka Sub-county, Hoima District, Western Region, near the international border with the Democratic Republic of the Congo, along the eastern shores of Lake Albert. This will be close to Uganda's largest oil fields in the Kaiso-Tonya area, approximately 60 kilometres (37 mi), by road, west of Hoima, the location of the district headquarters. Tonya is approximately 260 kilometres (160 mi), by road, north-west of Kam

Tanzania takes 8pc stake in Uganda’s refinery project

Tanzania takes 8pc stake in Uganda’s refinery project Tanzania has taken up an 8 per cent stake in the Uganda oil refinery project while Kenya will maintain a modest 2.5 per cent stake. Rwanda and Burundi are yet to respond to the offer.

Tanzania takes 8pc stake in Uganda’s refinery project

Tanzania has taken up an 8 per cent stake in the Uganda oil refinery project while Kenya will maintain a modest 2.5 per cent stake. The EastAfrican has learnt that Rwanda, Burundi and South Sudan, the other members of the EAC invited to take a stake of public shares are yet to respond.

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Uganda Oil Refinery WikiMili, The Free Encyclopedia

"Tanzania secures 8pc stake in Uganda's $2.5b oil refinery". The EastAfrican. Nairobi. Retrieved 1 August 2016. ↑ Anyanzwa, James (8 October 2016). "Uganda oil refinery completion date pushed to 2020". The EastAfrican. Nairobi. Retrieved 8 October 2016. ↑ Joseph Burite, and Fred Ojambo (28 October 2016).

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The Asian tiger has snapped up a $6 billion resource-for-infrastructure swap deal with the Democratic Republic of Congo. Last week, China National Offshore Oil Corporation (CNOOC) and French gas Company, Total, forked out $2.9 billion to buy 67% of Uganda’s 2.5 billion barrel oil fields from British oil firm, Tullow.

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