Uganda refinery bidders down to two: SK Energy or RT-Global
Authorities rejected two out of the four bids they received for the inland refinery in Uganda
The project to construct a refinery in inland Uganda will be led either by South Korea’s SK Energy or by Russia’s RT-Global Resources, after the authorities rejected two of the four detailed bids they received for the venture. Negotiations are now being held with the two remaining bidders, which will be asked to submit their best and final offers by the end of August. SK Energy is heading a group which includes SK Engineering & Construction, China State Construction Engineering Corporation and SK-KDB Global Investment Partnership, while RT-Global heads a group which includes VTB Capital and Tatneft. The government said it rejected a bid from Marubeni because the firm did not provide the
Also in this section
2 April 2026
Alongside a rapid continued build-out of renewables, China’s latest five-year plan stresses the value of domestic hydrocarbon production for energy security and calls for increased Russian gas imports
2 April 2026
The government is taking important steps to revive domestic production, lift investment and benefit from the geopolitical crisis even if more needs to be done in the longer term
1 April 2026
Golden Pass’s startup offers QatarEnergy a timely boost but may also force a difficult choice between honouring disrupted contracts and capitalising on soaring spot LNG prices
1 April 2026
It is not a case of if or when, but the length and magnitude of economic damage from elevated oil prices
