Saipem has been awarded a new contract for Front End Engineering Design (FEED) for a new refinery in Hoima. Uganda recently awarded to the Albertine Graben Refinery Consortium following the signing of the Project Framework Agreement between the Consortium and the Government of Uganda ensuring development, design, financing, construction, operation and maintenance of the oil refinery in Hoima District.
Saipem is a partner in the consortium that also includes YAATRA Africa (Mauritius), Lionworks Group Limited (Mauritius), Nuovo Pignone International SRL (a General Electric Company located in Italy) and the Uganda National Oil Company (UNOC), which is a limited liability petroleum company owned by the government.
The entire project will be implemented by a Special Purpose Company, the Refinery Company, that will be incorporated by the private investors and the Uganda Refinery Holding Company, which is a subsidiary of the Uganda National Oil Company.
The refinery, designed for a capacity of 60,000 barrels per day of crude oil, will ensure a hub for refined products for the East African market, thereby contributing to economic growth in the region.