Red Pepper<\/a><\/p>\nThough most Ugandans are uncertain on how their government plans to handle the oil business. The Kenyan government has revealed its yearning to invest money in the proposed Uganda oil refinery.<\/p>\n
Kenyan Energy Principal Secretary Joseph Njoroge said their government is awaiting details of the $2.5 billion (Sh213 billion) refinery plans before a final decision is taken and will invest Sh 197 billion for a three per cent share in the proposed oil refinery in Western Uganda.<\/p>\n
It is understood that Rwanda may have paid for its share of equity following an invitation last September by Uganda to all EAC members.<\/p>\n
\u201cThe Government of Uganda has invited both Kenya and Rwanda to buy small shares in the refinery. The offer is about three per cent, which will have no effect on our other plans,\u201d said Mr Njoroge<\/p>\n
Uganda plans to develop a refinery with an input capacity of 60,000 barrels per day (bpd), starting with a capacity of 30,000 barrels per day by 2018, which will be enhanced to 60,000 barrels per day before 2020.<\/p>\n
Uganda has hired US energy investment firm, Taylor DeJongh as transaction advisor charged with sourcing for the lead investor and financing.<\/p>\n
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[twitter-follow screen_name=’oilnewskenya’] Story by Red Pepper Though most Ugandans are uncertain on how their government plans to handle the oil business. The Kenyan government has revealed its yearning to invest … Read More<\/a><\/p>\n","protected":false},"author":2,"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":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[6,7],"tags":[742,755,1219,1287,1827,1886,2129,2213,2603,2728],"class_list":["post-547","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-by-others","category-oil-politics","tag-energy","tag-energy-principal-secretary-joseph-njoroge","tag-joseph-njoroge","tag-kenyan-government","tag-oil","tag-oil-refinery","tag-refinery","tag-rwanda","tag-uganda","tag-western-uganda","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-8P","jetpack-related-posts":[{"id":1299,"url":"https:\/\/www.oilnewskenya.com\/index.php\/east-african-countries-advertise-bid-for-lead-consultant-for-crude-oil-pipeline\/","url_meta":{"origin":547,"position":0},"title":"East African countries advertise bid for lead consultant for crude oil pipeline","author":"Samuel Kamau Mbote","date":"June 25, 2014","format":false,"excerpt":"[twitter-follow screen_name='oilnewskenya'] Kenya and Uganda have advertised for a lead consultant that will oversee the feasibility study and initial design for the construction of a 1300 kilometer pipeline from Uganda to Lamu Kenya to facilitate the production and export of oil in both countries. Speaking during the Oil and Energy\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":"","width":0,"height":0},"classes":[]},{"id":1150,"url":"https:\/\/www.oilnewskenya.com\/index.php\/east-africas-oil-pipeline-consultant-bid-to-be-advertised-by-july\/","url_meta":{"origin":547,"position":1},"title":"East Africa\u2019s oil pipeline consultant bid to be advertised by July","author":"Samuel Kamau Mbote","date":"June 5, 2014","format":false,"excerpt":"The Kenya, Uganda, South Sudan oil pipeline consultancy bid advertisement is expected \u00a0\u00a0to be out in the next two to three weeks according to Kenya\u2019s ministry of energy. The pipeline that will stretch from the Hoima refinery in Uganda through Northern Kenya to the Kenyan coast will seek a single\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":"","width":0,"height":0},"classes":[]},{"id":1205,"url":"https:\/\/www.oilnewskenya.com\/index.php\/east-african-crude-oil-pipeline-construction-an-emergency-project\/","url_meta":{"origin":547,"position":2},"title":"East African crude oil pipeline construction an \u2018emergency project\u2019","author":"Samuel Kamau Mbote","date":"June 12, 2014","format":false,"excerpt":"The Kenyan government has announced that the construction of its 800km pipeline \u00a0part of the 1300 kilometer Uganda-Kenya pipeline will be classified as an emergency project. The entire pipeline which is expected to cost about $4 billion will be undertaken by a single lead consultant with each of the three\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\/06\/joseph-njoroge.jpg?fit=595%2C300&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/06\/joseph-njoroge.jpg?fit=595%2C300&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/06\/joseph-njoroge.jpg?fit=595%2C300&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":3221,"url":"https:\/\/www.oilnewskenya.com\/index.php\/kenya-uganda-agree-crude-oil-pipeline-route\/","url_meta":{"origin":547,"position":3},"title":"Kenya, Uganda agree on crude oil pipeline route","author":"","date":"August 9, 2015","format":false,"excerpt":"The governments of Kenya and Uganda have announced that they have agreed on the route to be taken by the crude oil pipeline that will transport oil from the Albertine and Lokichar basins. The announcement comes as Kenya\u2019s president Uhuru Kenyatta continues his visit in Uganda where he has signed\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\/2015\/05\/Crude-Oil-Pipeline-Map.png?fit=456%2C551&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":3059,"url":"https:\/\/www.oilnewskenya.com\/index.php\/east-african-countries-agree-two-crude-oil-pipelines\/","url_meta":{"origin":547,"position":4},"title":"East African Countries Agree on Two Oil Pipelines","author":"","date":"June 10, 2015","format":false,"excerpt":"East African leaders from Kenya, Uganda and Rwanda have agreed to construct two oil pipelines that will enable Uganda and Kenya commence exports of discovered resources as well as relieve South Sudan dependence on the Khartoum government for its exports. In a communiqu\u00e9 read by Uganda\u2019s foreign affairs Minister Sam\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":"","width":0,"height":0},"classes":[]},{"id":2931,"url":"https:\/\/www.oilnewskenya.com\/index.php\/search-east-africas-crude-oil-pipeline-builder-start-6-months\/","url_meta":{"origin":547,"position":5},"title":"Search for East Africa\u2019s Crude Oil Pipeline Builder to start in 6 Months","author":"","date":"May 18, 2015","format":false,"excerpt":"The search for the builder for the 1300km pipeline running from Uganda\u2019s Hoima region through Lokichar in Turkana all the way to the Kenyan coast will commence in six months according to Ministry of Energy and Petroleum principal secretary Joseph Njoroge. 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