France's Total seeks 10pc stake in Uganda refinery
Uganda plans to develop a 60,000 barrels of oil a day (bopd) refinery in Hoima in two phases of 30,000bopd each, with the first expected to complete in 2020. PHOTO | FILE
French oil giant Total has offered to take up a 10 per cent stake in Uganda’s oil refinery project, subject to government approval.
The firm has written to President Yoweri Museveni seeking to take up shareholding in the greenfield project estimated to cost $4 billion.
