KAMPALA, April 10 (Reuters) – Uganda signed an agreement on Tuesday with a consortium, including a subsidiary of America’s General Electric, to build and operate an oil refinery in western Uganda that will cost $3 billion-$4 billion, the president’s office said.
According to a statement, the project framework agreement that was signed will “ensure development, design, financing, construction, operation and maintenance” of the planned 60,000-barrel-a-day refinery.
According to the statement, members of the consortium are Albertine Graben Refinery Consortium (AGRC) include Nuovo Pignone International SRL, a General Electric subsidiary in Italy.
Others include YAATRA Africa and Lionworks Group Ltd both from Mauritius and Saipem Spa also from Italy.
