Seven months after a ground-breaking deal between Uganda and United Arab Emirates investor Alpha MBM Investments Llc to construct a greenfield 60,000 barrels-per-day refinery, executives overseeing the project’s implementation say they have finalised initial contracts to kick-start the development of the $4 billion facility, with a target for the final investment decision (FID) set for July 2026.
Refinery configuration studies have been completed, and technology licensor UOP Honeywell is on board since June this year as the parties prepare to launch front-end engineering design (FEED) and the environmental and social impact assessment studies by November 15.
