Uganda refinery decision raises hopes for oil in 2018
The country's Lake Albert oilfields could start producing within the next three years
Production could start from Uganda’s Lake Albert oilfields in 2018, following the government’s selection of a group to construct an inland refinery. But output will be limited to the capacity of the refinery — 30,000 barrels a day (b/d) initially, later doubling to 60,000 b/d — until an export pipeline can be constructed. The government chose a mainly-Russian group to build the refinery and own 60% of the venture, with the Ugandan state and neighbouring countries holding the other 40%. The group is headed by RT Global, a wholly-owned unit of the Russian state-owned defence company, Rostec, and in-cludes Russian oil producer Tatneft, Russian investment companies VTB Capital and Telconet Capi
Also in this section
23 April 2026
The addition of an oil pipeline to the Power of Siberia 2 gas project could ensure deliveries of Russian oil to China, materially shorten logistics lines between West Siberia and final customers, and—amid disruption in the Strait of Hormuz—offer a land-based export route that reduces exposure to maritime chokepoints
23 April 2026
There is a clear push to bolster exports to Asia amid uncertainty around its North American neighbour, but there are limits to the benefits from the energy crisis
23 April 2026
Shell made the play-opening discovery in Namibia’s Orange basin back in 2022, but its next well could decide whether the project can actually be commercialised
22 April 2026
The failure of OMV Petrom’s keenly watched exploration campaign at Bulgaria’s Han Asparuh block highlights the Black Sea’s uneven track record, despite major successes like Neptun Deep and Sakarya
