Algiers, Algeria | AFP | Algeria’s state energy company Sonatrach on Sunday awarded the China Petroleum Engineering and Construction Corporation (CPECC) a 380-million-euro ($420-million) contract to renovate its Algiers refinery. CPECC, which is affiliated to the China National Petroleum Corporation, will rehabilitate the refinery after Sonatrach severed an initial deal …
Read More »Oil refinery trouble for Uganda
Oil refinery trouble: Museveni pushed into tight corner A shadowy international company registered in the British Virgin Islands (BVI), a major international tax haven is high up on the list of companies government is courting to invest in the $ 4 billion oil refinery, investigations by The Independent have found. …
Read More »American to build Uganda’s refinery?
American to build refinery? Deal could be blow to sanction-strapped Russians Technocrats at the Energy Ministry and the Ministry of Finance who are working on the country’s pet project, the US$4 billion oil refinery, have learnt to stay cool under pressure. Behind their cool fronts, however, they are working in …
Read More »Museveni, investors fight over refinery
By Haggai Matsiko Oil firms fear bankruptcy as President goes for biggest refinery in the region In October 2011, President Yoweri Museveni urged members of his ruling party to resist ferociously those “parasites who want to give away this resource (oil) for a morsel of food”. He was making a …
Read More »Mini oil refinery to go ahead“ D’Ujanga
By Agencies Uganda plans to go-ahead with the construction of a mini-refinery for its two billion barrels of crude reserves after previously ruling the idea out, the state energy minister said. Investor interest is heating up for Uganda’s oil discoveries since explorers Tullow Oil and Heritage Oil discovered hydrocarbons in …
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