{"id":364739,"date":"2026-08-05T16:46:23","date_gmt":"2026-08-05T16:46:23","guid":{"rendered":"https:\/\/www.europesays.com\/africa\/364739\/"},"modified":"2026-08-05T16:46:23","modified_gmt":"2026-08-05T16:46:23","slug":"uganda-targets-february-2027-for-oil-refinery-investment-decision","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/africa\/364739\/","title":{"rendered":"Uganda targets February 2027 for oil refinery investment decision"},"content":{"rendered":"<p>Uganda expects to reach a final investment decision (FID) on its planned crude oil refinery in February 2027, a milestone that could pave the way for the long-delayed development of the $4 billion project, according to the country&#8217;s petroleum sector regulator, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/energy\/uganda-expects-oil-refinery-final-investment-decision-february-2026-08-05\/\" rel=\"nofollow noopener\">Reuters<\/a> reported.<\/p>\n<p>The East African nation signed a memorandum of understanding (MoU) with UAE-based Alpha MBM Investments in March last year to develop the <a href=\"https:\/\/news.az\/news\/georgia-s-kulevi-refinery-begins-transition-away-from-russian-oil\" rel=\"nofollow noopener\" target=\"_blank\">refinery<\/a> after similar efforts involving investors from Russia and South Korea failed to move forward.<\/p>\n<p>In a post published on the social media platform X on Wednesday, the Petroleum Authority of Uganda (PAU) said the refinery&#8217;s final investment decision is expected in February 2027 and confirmed that basic engineering work has already begun.<\/p>\n<p>Under the agreement, Alpha MBM Investments is expected to hold a 60% stake in the refinery, while the remaining 40% will be owned by the state-run Uganda National Oil Company (UNOC).<\/p>\n<p>Designed to process 60,000 barrels of crude oil per day, the refinery is expected to become a key pillar of Uganda&#8217;s emerging hydrocarbons sector as the country prepares to begin commercial oil production from fields in its western region.<\/p>\n<p>In a separate post on X, the PAU said the East African Crude Oil Pipeline (EACOP), another major project considered vital to Uganda&#8217;s oil industry, is running slightly behind schedule due to disruptions linked to the conflict in the Middle East.<\/p>\n<p><a href=\"https:\/\/news.az\/\" rel=\"nofollow noopener\" target=\"_blank\">News.Az<\/a>\u00a0<\/p>\n<p>\t\t\t\t\t\t\t<a class=\"by-user\" href=\"https:\/\/news.az\/journalists\/nijat-babayev\" rel=\"nofollow noopener\" target=\"_blank\">By Nijat Babayev<\/a>\t\t\t\t\t\t\t<\/p>\n","protected":false},"excerpt":{"rendered":"Uganda expects to reach a final investment decision (FID) on its planned crude oil refinery in February 2027,&hellip;\n","protected":false},"author":2,"featured_media":364740,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[58],"tags":[63,1424,103349,5822,153],"class_list":["post-364739","post","type-post","status-publish","format-standard","has-post-thumbnail","category-uganda","tag-africa","tag-investment","tag-oil-refinery","tag-uae","tag-uganda"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@africa\/117043920067689617","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/africa\/wp-json\/wp\/v2\/posts\/364739","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/africa\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/africa\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/africa\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/africa\/wp-json\/wp\/v2\/comments?post=364739"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/africa\/wp-json\/wp\/v2\/posts\/364739\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/africa\/wp-json\/wp\/v2\/media\/364740"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/africa\/wp-json\/wp\/v2\/media?parent=364739"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/africa\/wp-json\/wp\/v2\/categories?post=364739"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/africa\/wp-json\/wp\/v2\/tags?post=364739"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}