Uganda Advances $4bn Oil Refinery Plan

Published: 12 Nov, 2025 20:50 Sources: S1 S2 Category: Business Language: English Country: Uganda

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Uganda is advancing its $4 billion oil refinery project, aiming to take a final investment decision by July 2026. The 60,000-barrels-per-day facility will be developed by Kabaale Refinery Company Limited, a partnership between Uganda National Oil Company (40%) and Alpha MBM Investments (60%) of the UAE. Front-end engineering design and environmental studies are set to start in November 2025. The refinery aims to process crude from Tilenga and Kingfisher fields, creating jobs, boosting GDP, and reducing fuel imports by 2030.