{"id":4799,"date":"2016-07-02T12:17:29","date_gmt":"2016-07-02T12:17:29","guid":{"rendered":"http:\/\/www.oilnewskenya.com\/?p=4799"},"modified":"2017-01-25T07:07:42","modified_gmt":"2017-01-25T07:07:42","slug":"russias-rt-global-resources-consortium-pulls-out-of-uganda-refinery-deal","status":"publish","type":"post","link":"https:\/\/www.oilnewskenya.com\/index.php\/russias-rt-global-resources-consortium-pulls-out-of-uganda-refinery-deal\/","title":{"rendered":"Russia&#8217;s RT Global Resources Consortium Pulls Out of Uganda Refinery Deal"},"content":{"rendered":"<p>Months after RT Global resources was selected as the <a href=\"http:\/\/bit.ly\/29B6ShB\">preferred bidder<\/a> 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.<\/p>\n<p>The RT Global Resources led consortium that included Telconet Capital Ltd Partnership, VTB Capital PLC, Tatneft JSC and GS Engineering &amp; Construction Corporation was to negotiate with the Uganda government on issues including: the Project Framework Agreement, Shareholders Agreement, Implementation Agreement and the Escrow Agreement.<\/p>\n<p>The Government of Uganda had been in negotiations with the RT-GIobal Resources Consortium for the last 44 months.<\/p>\n<p>The ministry adds that the final agreement was reached in principle in May this year\u00a0but\u00a0just prior to the expected signature date at the beginning of June 2016, the RT-GIobal Resources Consortium made additional demands from the Government, seeking to reopen and renegotiate issues that had already been agreed between the parties.<\/p>\n<p>&#8220;Consequently Government was left with no choice but to halt negotiations and draw the bid bond.&#8221;<\/p>\n<p>It is now clear that\u00a0negotiations have began with the other <a href=\"http:\/\/bit.ly\/1TXfqP8\">refinery<\/a> alternate bidder South Korea \u2018s SK Engineering and Construction which included the 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.<\/p>\n<p>The development comes weeks after South Korea president Park Geun-hye\u00a0visited Uganda with the aim of increasing business between the two countries.<\/p>\n<p>US sanctions on various Russian officials including Rostec\u2019s CEO Sergei Chemezov 2014 in response to Russia\u2019s annexation and military occupation of eastern Ukraine could also have played a part in the collapse of the deal.State Corporation Rostec holds a 100% stake in RT Global Resources.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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 &hellip; <a href=\"https:\/\/www.oilnewskenya.com\/index.php\/russias-rt-global-resources-consortium-pulls-out-of-uganda-refinery-deal\/\" class=\"more-link\">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":[1],"tags":[2839,2840,1232,2841,2129,2200,2838,4172,2837,2830,2833,2603,2834],"class_list":["post-4799","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized","tag-china-state-construction-engineering-corporation-ltd","tag-haldor-topsoe-as","tag-kabagambe-kaliisa","tag-maestro-oil-and-gas-solutions","tag-refinery","tag-rt-global-resources","tag-sk-kdb-global-investment-partnership-private-equity-fund","tag-sk-engineering-and-construction","tag-tatneft-jsc-and-gs-engineering-construction-corporation","tag-taylor-dejongh","tag-telconet-capital-ltd-partnership","tag-uganda","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-1fp","jetpack-related-posts":[{"id":2554,"url":"https:\/\/www.oilnewskenya.com\/index.php\/russias-rt-global-resources-wins-bid-ugandas-refinery-prject\/","url_meta":{"origin":4799,"position":0},"title":"Russia\u2019s RT Global Resources Wins Bid for Uganda\u2019s Refinery Project","author":"","date":"February 17, 2015","format":false,"excerpt":"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 are pleased that the two bidders responded to the Request for Final Offers, from which RT Global Resources emerged as\u2026","rel":"","context":"In &quot;Top News&quot;","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":5238,"url":"https:\/\/www.oilnewskenya.com\/index.php\/ugandas-refinery-project-hits-major-setback\/","url_meta":{"origin":4799,"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 &quot;Top News&quot;","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":3232,"url":"https:\/\/www.oilnewskenya.com\/index.php\/global-witness-cautions-four-shortlisted-firms-ugandas-first-licensing-round\/","url_meta":{"origin":4799,"position":2},"title":"Global Witness cautions on four shortlisted firms in Uganda\u2019s first licensing round","author":"","date":"August 12, 2015","format":false,"excerpt":"Transparency body Global Witness while lauding the first licensing round as an step forward for transparency in the country has cautioned on four shortlisted companies which it says have a questionable environmental and social track record. The four namely Nigeria\u2019s Oranto Petroleum, Russian Africa Global Resources consortium where it questions\u2026","rel":"","context":"In &quot;Top News&quot;","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\/2015\/05\/Uganda-oil-blocks.png?fit=446%2C628&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":6187,"url":"https:\/\/www.oilnewskenya.com\/index.php\/uganda-agrc-consortium-start-talks-develop-greenfield-oil-refinery\/","url_meta":{"origin":4799,"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. The government says this follows a\u2026","rel":"","context":"In &quot;Top News&quot;","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":3228,"url":"https:\/\/www.oilnewskenya.com\/index.php\/uganda-government-shortlists-16-firms-first-petroleum-licensing-round\/","url_meta":{"origin":4799,"position":4},"title":"Uganda Government Shortlists 16 firms in First Petroleum Licensing Round","author":"","date":"August 11, 2015","format":false,"excerpt":"The government of Uganda has announced that it has concluded the evaluation of Applications for Qualification from the 17 firms that submitted the Applications following a successful First Licensing Round for Petroleum Exploration, Development and Production. According to Permanent Secretary of the Ministry of Energy & Mineral Development Dr. F.A\u2026","rel":"","context":"In &quot;Top News&quot;","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\/2015\/08\/uganda-with-flag.jpg?fit=400%2C400&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":5496,"url":"https:\/\/www.oilnewskenya.com\/index.php\/russian-consortium-now-wants-ugandas-refinery-project-downsized\/","url_meta":{"origin":4799,"position":5},"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 &quot;Top News&quot;","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":[]}],"jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/4799","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=4799"}],"version-history":[{"count":4,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/4799\/revisions"}],"predecessor-version":[{"id":4901,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/4799\/revisions\/4901"}],"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=4799"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/categories?post=4799"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/tags?post=4799"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}