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Uganda talks up new oil refinery deal

Uganda's minister for mineral development lists the economic advantages of its oil deal.

The government of Uganda is hoping to develop a $4 billion refinery to help the country process some of its crude oil commercially. It's part of what officials say is $20 billion worth of investment.

Uganda expects to start pumping crude commercially in 2025 - something which has the potential to transform the economy.

The Minister of Energy and Mineral Development says the country is negotiating with an investment company led by a member of Dubai's royal family to develop the refinery.

On the line from Kampala, Minister Ruth Nankabirwa Ssentamu told Newsday about the deal and the government's responsibility to the environment.

β€œWe took a decision to look for a developer who will fast track the development. We've given them three months... to help us. What we have done is put in place laws to control emissions. Equally the refinery will use technology... to capture gases... to follow international standards."

(Pic: Ugandan Minister of Energy and Mineral Development Ruth Nankabirwa Ssentamu; Credit: Reuters)

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