Winner for Ugandan refinery PPP project in February
The government of Uganda has announced it will select the preferred bidder for the development of a 60,000 barrels per day (BPD) oil refinery and related downstream infrastructure by February 2015.
Two bidders were invited for the final phase of the tender process:
- Consortium of RT – Global Resources (Russia), VTB Capital Plc (Russia) and JSC Tatneft (Russia).
- Consortium of SK Engineering and Construction, China State Construction Engineering Corporation and SK – KDB Global Investment Partnership Equity Fund.
Marubeni Corporation and China Pipeline Petroleum Bureau had also submitted a proposals for the project but were not qualified. Marubeni Corporation's proposals was not evaluated because it lacked a bid bond as required by the RFP, while China Pipeline Petroleum Bureau’s proposal did not adequately satisfy all the requirements of the RFP.
Uganda’s refinery project is to be established under a public private partnership (PPP) contract with the Government holding up to 40% equity. It involves development of a refinery with a capacity of 60,000 BPD, development of crude oil and product storage facilities on site, as well as a 205-kilometer product pipeline to a terminal near Uganda’s capital city of Kampala. The reserves in the area are estimated at 6.5 million barrels.
