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Uganda picks Russian firm RT Global for oil refinery

Uganda’s refinery project is to be developed under a public private partnership arrangement with the host government holding 40 per cent equity. PHOTO | FILE

A consortium led by Russian firm RT Global Resources has been picked to build and operate the East African oil refinery in Uganda. Kenya and Rwanda are expected to buy stakes in the facility.

Uganda’s Energy and Mineral Development minister Irene Muloni said on Tuesday negotiations for project agreements with the consortium would commence next month and end by May, paving the way for possible implementation.

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