Uganda to see $2.81bn oil and gas investment in 2025

Radio France Internationale

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Kampala signed an agreement on Saturday, March 29, 2025 with the Emirati investor MBM Investments for the construction of a refinery capable of producing 60,000 barrels per day in Hoima, in the western part of the country. The stated objective is to transform the crude locally, create jobs and strengthen energy sovereignty. However, voices are rising on the ground. Several similar projects have failed in the past, which arouses growing scepticis…

campax.org

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This petition calls on UBS CEO Sergio Ermotti to publicly declare that UBS EACOP does not finance it. EACOP (East African Crude Oil Pipeline) is the project of the world's longest heated oil pipeline. When the pipeline comes into being, it will tear Uganda and Tanzania from the Albertine Rift to the Port of Tanga. The impact [...]

Financial Afrik

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On 30 March 2025, Uganda entered into an agreement with Alpha MBM Investments LLC, based in the United Arab Emirates, for the construction of its first-ever oil refinery, located in the Graben Albertine region, west of the country. This project, estimated at $4 billion, provides for a capacity to process oil...