Uganda Picks GE, Saipem To Build First Oil Refinery

Uganda has picked a consortium including GE and Italian Saipem
to build and operate the African country’s first oil refinery. The
60,000-bpd facility will process crude from fields operated by
Tullow Oil, CNOOC, and Total. The consortium competed with 40 other
companies, the Ugandan Energy Ministry said in a statement as
quoted by Bloomberg. Initially, Uganda negotiated the US$4-billion
project with Russian RT Global Resources and South Korean SK
Engineering & Construction, but after these fell through,
Kampala cast its net wider. The…

Uganda has picked a consortium including GE and Italian Saipem
to build and operate the African country’s first oil refinery. The
60,000-bpd facility will process crude from fields operated by
Tullow Oil, CNOOC, and Total. The consortium competed with 40 other
companies, the Ugandan Energy Ministry said in a statement as
quoted by Bloomberg. Initially, Uganda negotiated the US$4-billion
project with Russian RT Global Resources and South Korean SK
Engineering & Construction, but after these fell through,
Kampala cast its net wider. The…