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Russian consortium may win $3 billion tender for Ugandan refinery

July 03, 2014, 13:20 UTC+3 MOSCOW
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MOSCOW, July 03. /ITAR-TASS/. Russian consortium comprising state-owned industrial corporation Rostec’s affiliate RT Global Resources, oil company Tatneft, VTB Capital, and South Korean SK Energy has reached a final stage of a $3 billion tender on the construction of an oil refinery in Uganda, RT Global Resources said on Thursday.

The refinery’s construction will start in 2014-2015. The launch of the first stage with a daily projected capacity of 30,000 barrels is slated for 2018, and by 2020 the capacity will be boosted to 60,000 barrels per day.

The investment includes the construction of a 205 km product pipeline and infrastructure, with 40% of the funds to be provided by the Uganda government.

“Ugandan oil is highly paraffinic, which requires a specific configuration of the refinery and a heating the pipeline to 60 degrees to export the production to neighboring regions. There are similar engineering solutions in Tatneft’s asset which determined the Russian project’s access to the final stage,” RT Global Resources said.

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