Uganda is committed to building its first oil refinery: the president

KAMPALA, July 23 (Xinhua / GNA) – Ugandan
President Yoweri Museveni said Monday that the country is determined to build
its first oil refinery on western territory.

Museveni made these remarks at a meeting
with the delegation of the Albertino Graben Refinery Consortium (AGRC), said that
State House, a country in East Africa, in a statement.

The president told the AGRC, a joint venture
of the Ugandan national oil company and four Italian and Mauritian companies,
that the government is working on the start of oil production and will use the
oil revenues to build national capacity.

The government is also engaging with oil
companies on the crude oil pipeline construction project in East Africa
between oil wells of Albertine Graben, in western Uganda, and Tanzania
Tanga port, said Museveni.

Uganda expects to advertise
oil production by 2022.

The country has more than 6.5 billion barrels of
oil reserves, showed the figures of the Ministry of Energy and Mineral Development.

Three international companies, namely China
National Offshore Oil Corporation, Total and Tullow have an equal interest in
Uganda has so far discovered oil wells at Albertine Graben.

GNA