Russia To Build First Oil Refinery In Uganda – 17 February 2015

RT logoA Russian consortium led by Rostec subsidiary RT Global Resources together with partners Tatneft and VTB Capital have won the tender to construct a $3 billion oil refinery in Uganda with capacity for 3 million tons a year.

“Rostec’s victory in this tender is the first such achievement by Russian companies in Africa… Transfer of Russian technology will be implemented during the projects settlement,” RIA quotes the Rostec announcement.

It will be the first oil refinery to be built in Uganda. It is strategically important for Uganda “since the country has no access to the sea and its economy is experiencing a significant dependence on external suppliers,” Rostec added.

Read the full story at: www.rt.com / link to original article

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