{"id":2554,"date":"2015-02-17T11:33:34","date_gmt":"2015-02-17T11:33:34","guid":{"rendered":"http:\/\/www.oilnewskenya.com\/?p=2554"},"modified":"2015-05-20T13:05:14","modified_gmt":"2015-05-20T13:05:14","slug":"russias-rt-global-resources-wins-bid-ugandas-refinery-prject","status":"publish","type":"post","link":"https:\/\/www.oilnewskenya.com\/index.php\/russias-rt-global-resources-wins-bid-ugandas-refinery-prject\/","title":{"rendered":"Russia\u2019s RT Global Resources Wins Bid for Uganda\u2019s Refinery Project"},"content":{"rendered":"

RT Global resources has been selected as the preferred bidder for the Uganda Refinery Project \u00a0following evaluations by a team from the Government and Taylor Dejongh, Government\u2019s Transaction Advisor.<\/p>\n

\u201cWe are pleased that the two bidders responded to the Request for Final Offers, from which RT Global Resources emerged as the Selected Preferred Bidder.\u00a0 We have confidence that we will execute the Project Agreements and go ahead to develop Uganda\u2019s Refinery Project,\u201d\u00a0 says Minister for Energy and Mineral Development Eng. Irene Muloni.<\/p>\n

Following the completion of the exercise Minister the Government will then proceed to hold negotiations on the principal agreements with RT Global Resources led consortium (Telconet Capital Ltd Partnership, VTB Capital PLC, Tatneft JSC and GS Engineering & Construction Corporation) starting in March 2015 with an aim of reaching an agreement within 60 days.<\/p>\n

\u201cThe objective of these negotiations is to conclude the Project Agreements to the satisfaction of Government and the Lead Investor. These include the Project Framework Agreement, Shareholders Agreement, Implementation Agreement and the Escrow Agreement\u201d, Mr. Fred Kabagambe-Kaliisa, Permanent Secretary in the Ministry added.<\/p>\n

Thereafter different project contracts have been executed the lead investor and Government will constitute a Refinery Company that will take forward the engineering and finalise the financing aspects for the development of the refinery.<\/p>\n

The ministry is however quick to say that the other alternate bidder SK Engineering and Construction could still have a chance should RT Global resources if at the end of the negotiations with RT Global Resources, Government is not satisfied that the major issues in the agreements do not meet its satisfaction.<\/p>\n

\u201cThe SK Engineering and Construction led Consortium has been a strong competitor throughout the selection process leading to the final offer, however they came short on key requirements of Government including contribution to the private share and operating plan\u201d, Mr. Kabagambe-Kaliisa added.<\/p>\n

Members of the SK Engineering and Construction led Consortium include SK \u2013 KDB Global Investment Partnership Private Equity Fund, China State Construction Engineering Corporation Ltd, Haldor Topsoe A\/S and Maestro Oil and Gas Solutions (MOGAS) DMCC.
\nUganda\u2019s refinery project is to be developed under a public private partnership (PPP) arrangement with the Government holding 40% equity with\u00a0the East African Community Partner States<\/a> also having a substantial interest.<\/p>\n

Besides the construction of the capacity 60,000BPD refinery the project also includes development of crude oil and product storage facilities on site, as well as a 205-kilometer product pipeline to a terminal near the capital city, Kampala.<\/p>\n

To date the government says it has compensated 74% of the Project affected persons in 29 Square kilometers from which the refinery will sit with the process of compensating the rest \u2018in final stages\u2019<\/p>\n

The first phase of the refinery is expected to be in place by 2018.<\/p>\n","protected":false},"excerpt":{"rendered":"

RT Global resources has been selected as the preferred bidder for the Uganda Refinery Project \u00a0following evaluations by a team from the Government and Taylor Dejongh, Government\u2019s Transaction Advisor. \u201cWe … Read More<\/a><\/p>\n","protected":false},"author":24,"featured_media":549,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[11],"tags":[2839,2831,2832,2836,2840,2841,1586,2842,2200,2838,2835,2837,2830,2833,2610,2834],"class_list":["post-2554","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-top-news","tag-china-state-construction-engineering-corporation-ltd","tag-eng-irene-muloni","tag-fred-kabagambe-kaliisa","tag-gs-engineering-construction-corporation","tag-haldor-topsoe-as","tag-maestro-oil-and-gas-solutions","tag-ministry-of-energy-and-mineral-development","tag-mogas","tag-rt-global-resources","tag-sk-kdb-global-investment-partnership-private-equity-fund","tag-tatneft-jsc","tag-tatneft-jsc-and-gs-engineering-construction-corporation","tag-taylor-dejongh","tag-telconet-capital-ltd-partnership","tag-uganda-refinery","tag-vtb-capital-plc","entry"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/02\/refinery.jpg?fit=1120%2C1018&ssl=1","jetpack_shortlink":"https:\/\/wp.me\/p5JWkQ-Fc","jetpack-related-posts":[{"id":4799,"url":"https:\/\/www.oilnewskenya.com\/index.php\/russias-rt-global-resources-consortium-pulls-out-of-uganda-refinery-deal\/","url_meta":{"origin":2554,"position":0},"title":"Russia’s RT Global Resources Consortium Pulls Out of Uganda Refinery Deal","author":"","date":"July 2, 2016","format":false,"excerpt":"Months after RT Global resources was selected as the preferred bidder for the Uganda 60000 barrel a day Refinery Project following evaluations by a team from the Government and Taylor Dejongh, Government\u2019s Transaction Advisor word is that the Russian consortium has pulled out of the $4 billion deal. The RT\u2026","rel":"","context":"In \"China State Construction Engineering Corporation Ltd\"","block_context":{"text":"China State Construction Engineering Corporation Ltd","link":"https:\/\/www.oilnewskenya.com\/index.php\/tag\/china-state-construction-engineering-corporation-ltd\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/02\/refinery.jpg?fit=1120%2C1018&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/02\/refinery.jpg?fit=1120%2C1018&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/02\/refinery.jpg?fit=1120%2C1018&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/02\/refinery.jpg?fit=1120%2C1018&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/02\/refinery.jpg?fit=1120%2C1018&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":5238,"url":"https:\/\/www.oilnewskenya.com\/index.php\/ugandas-refinery-project-hits-major-setback\/","url_meta":{"origin":2554,"position":1},"title":"Uganda\u2019s Refinery Project Hits Major Setback","author":"","date":"October 3, 2016","format":false,"excerpt":"Uganda\u2019s Assistant Commissioner in the Ministry of Energy and Mineral Development Dozith Abeinomugisha has said the government is back to the market to look for a new investor after the alternate bidder SK Engineering and Construction backed out following the exit of the preferred lead investor Russia\u2019s RT Global Resources\u2026","rel":"","context":"In "Top News"","block_context":{"text":"Top News","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/top-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2016\/08\/chad-refinery-museveni.jpg?fit=960%2C642&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2016\/08\/chad-refinery-museveni.jpg?fit=960%2C642&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2016\/08\/chad-refinery-museveni.jpg?fit=960%2C642&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2016\/08\/chad-refinery-museveni.jpg?fit=960%2C642&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":5496,"url":"https:\/\/www.oilnewskenya.com\/index.php\/russian-consortium-now-wants-ugandas-refinery-project-downsized\/","url_meta":{"origin":2554,"position":2},"title":"Russian consortium now wants Uganda\u2019s refinery project downsized","author":"","date":"December 16, 2016","format":false,"excerpt":"Weeks after pulling out as the preffered lead bidder for the 60,000 barrel refinery to be located in Hoima Uganda the Russian consortium RT Global resources is now demanding that the country builds a small refinery in the first phase with a capacity of between 7000 and 8000 barrels a\u2026","rel":"","context":"In "Top News"","block_context":{"text":"Top News","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/top-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2016\/05\/russia-oil-refinery.1910x1000.jpg?fit=1200%2C628&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2016\/05\/russia-oil-refinery.1910x1000.jpg?fit=1200%2C628&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2016\/05\/russia-oil-refinery.1910x1000.jpg?fit=1200%2C628&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2016\/05\/russia-oil-refinery.1910x1000.jpg?fit=1200%2C628&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2016\/05\/russia-oil-refinery.1910x1000.jpg?fit=1200%2C628&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":6187,"url":"https:\/\/www.oilnewskenya.com\/index.php\/uganda-agrc-consortium-start-talks-develop-greenfield-oil-refinery\/","url_meta":{"origin":2554,"position":3},"title":"Uganda, AGRC consortium Start Talks To Develop A Greenfield Oil Refinery","author":"","date":"August 7, 2017","format":false,"excerpt":"The Government of Uganda has announced that it has agreed core project terms for the Uganda Refinery Project with the Albertine Graben Refinery Consortium (AGRC) for the development of a greenfield oil Refinery to be located in the southwestern district of Hoima in Uganda. 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The project is guided by the a Refinery Development Programme (RDP) formulated by\u2026","rel":"","context":"In "Top News"","block_context":{"text":"Top News","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/top-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/02\/refinery.jpg?fit=1120%2C1018&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/02\/refinery.jpg?fit=1120%2C1018&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/02\/refinery.jpg?fit=1120%2C1018&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/02\/refinery.jpg?fit=1120%2C1018&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/02\/refinery.jpg?fit=1120%2C1018&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":5023,"url":"https:\/\/www.oilnewskenya.com\/index.php\/ugandas-president-visits-chads-oil-refinery\/","url_meta":{"origin":2554,"position":5},"title":"Uganda\u2019s President visits Chad\u2019s Oil Refinery","author":"","date":"August 8, 2016","format":false,"excerpt":"President Yoweri Museveni who arrived in the Chadian capital N'Djamena on a two-day official visit during which he will also attend the swearing-in ceremony of President Idriss Deby to his fifth term in office also undertook to visit the country\u2019s refinery as his country sets its eyes on building a\u2026","rel":"","context":"In "Top News"","block_context":{"text":"Top News","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/top-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2016\/08\/chad-refinery-museveni.jpg?fit=960%2C642&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2016\/08\/chad-refinery-museveni.jpg?fit=960%2C642&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2016\/08\/chad-refinery-museveni.jpg?fit=960%2C642&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2016\/08\/chad-refinery-museveni.jpg?fit=960%2C642&ssl=1&resize=700%2C400 2x"},"classes":[]}],"jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/2554","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/users\/24"}],"replies":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/comments?post=2554"}],"version-history":[{"count":3,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/2554\/revisions"}],"predecessor-version":[{"id":2560,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/2554\/revisions\/2560"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media\/549"}],"wp:attachment":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media?parent=2554"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/categories?post=2554"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/tags?post=2554"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}