- Uganda’s long-delayed national oil refinery is moving closer to a $4 billion partnership with a UAE-backed investor, with a final investment decision targeted for 2026.
- The planned 60,000 bpd refinery aims to cut Uganda’s $2 billion annual fuel import bill and support domestic value addition.
- Ownership will be split between Alpha MBM Investments (60%) and Uganda National Oil Company (40%), reviving a project stalled for years.
- The refinery is expected to serve regional markets in East and Central Africa, strengthening energy security and industrial growth.
