Uganda on Saturday signed an oil refinery agreement with UAE-based Alpha MBM Investments for a 60 percent stake in crude oil refinery in Kabaale, Hoima District, President Yoweri Museveni’s office said in a statement.
The country’s state-run Uganda National Oil Company will retain the remaining 40 percent stake in the 60,000-barrel-per-day refinery, according to the statement.
