{"id":41635,"date":"2026-08-05T16:42:28","date_gmt":"2026-08-05T14:42:28","guid":{"rendered":"https:\/\/www.channelafrica.co.za\/channelafrica\/?post_type=news&#038;p=41635"},"modified":"2026-08-05T16:42:28","modified_gmt":"2026-08-05T14:42:28","slug":"uganda-expects-oil-refinery-final-investment-decision-in-february","status":"publish","type":"news","link":"https:\/\/www.channelafrica.co.za\/channelafrica\/news\/uganda-expects-oil-refinery-final-investment-decision-in-february\/","title":{"rendered":"Uganda expects oil refinery final investment decision in February \u00a0"},"content":{"rendered":"<p>A final investment decision (FID) for Uganda&#8217;s planned crude oil refinery is expected next February, the sector regulator said of a \u200cstep that could trigger long-delayed development of the $4 billion project.<\/p>\n<p>&nbsp;<\/p>\n<p>The East African country signed a memorandum of understanding (MoU) with United Arab Emirates -based Alpha MBM Investments for development of the project in March last year.<\/p>\n<p>&nbsp;<\/p>\n<p>Similar initiatives \u2060with other investors from Russia and South Korea have failed in the past.<\/p>\n<p>&nbsp;<\/p>\n<p>The refinery FID is expected in February 2027 and basic engineering works have begun, the Petroleum Authority of Uganda (PAU) said on social media platform X on Wednesday.<\/p>\n<p>&nbsp;<\/p>\n<p>Alpha MBM Investments is slated to take a 60% stake in the facility, with \u200cthe \u2060rest held by state-owned Uganda National Oil Company (UNOC).<\/p>\n<p>&nbsp;<\/p>\n<p>With planned capacity of 60 000 barrels of oil per day, the refinery is expected to be a cornerstone of Uganda&#8217;s emerging \u2060hydrocarbons industry when it starts commercial oil production from fields in the west of the country.<\/p>\n<p>&nbsp;<\/p>\n<p>In a separate X \u2060post, PAU said that the East African Crude Oil Pipeline (EACOP), another project crucial to Uganda&#8217;s hydrocarbons \u2060industry, was slightly behind schedule, citing disruptions caused by the conflict in the Middle East.<\/p>\n<p>&nbsp;<\/p>\n<p>&#8211;Reuters&#8211;<\/p>\n","protected":false},"featured_media":37538,"template":"","meta":{"_acf_changed":false},"news-type":[44],"class_list":["post-41635","news","type-news","status-publish","has-post-thumbnail","hentry","news-type-finance","entry"],"acf":{"short_description":"A final investment decision (FID) for Uganda's planned crude oil refinery is expected next February","published_date":"2026-08-05 16:41:39","news_description":"A final investment decision (FID) for Uganda's planned crude oil refinery is expected next February","form_embed":"","author":"","image_caption":""},"_links":{"self":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/41635","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news"}],"about":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/types\/news"}],"version-history":[{"count":1,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/41635\/revisions"}],"predecessor-version":[{"id":41638,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/41635\/revisions\/41638"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media\/37538"}],"wp:attachment":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media?parent=41635"}],"wp:term":[{"taxonomy":"news-type","embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news-type?post=41635"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}