The Minister of Energy and Mineral Development, Hon. Irene N. Muloni has met with the leadership of the Albertine Graben Refinery Consortium (AGRC) in the Italian city of Milan to discuss the Uganda Refinery Configuration.
On April 10th, 2018, the Government of Uganda represented by Hon. Muloni and Uganda National Oil Company signed a Project Framework Agreement (PFA) on to develop a 60,000-bpd refinery in Kabaale, Hoima District.
In the agreement, the two parties agreed that Albertine Graben Refinery Consortium (AGRC)comprised of YAATRA, Saipem S.p.A, LionWorks Group and Baker Hughes General Electric (BHGE) would develop and propose a final refinery configuration that would provide the best technical and economic results for Government’s approval. AGRC, through SAIPEM SpA, presented a final refinery configuration to the Government of Uganda (GoU).
In Milan, a team led by the Hon. Irene N Muloni has for the last two days been meeting with the AGRC leadership in Milan to review the final refinery configuration presented by SAIPEM SpA.
The Minister congratulated the AGRC consortium for reaching this milestone in the time scheduled under the PFA and encouraged them to meet all the remaining activities on schedule to ensure the refinery project is completed in the time agreed.
She informed AGRC that the Government of Uganda is happy with the Final Refinery Configuration proposed.
On behalf of the AGRC leadership Ms. Rajakumari Jandhyala, CEO of YAATRA, thanked the Minister and the Government of Uganda team for taking time to meet the AGRC team in Milan, reviewing the proposed final refinery configuration and ensuring that this milestone is concluded in to enable the start of the FEED process.
Jandhyala noted that the consortium is fully committed to ensuring the completion of all commercially viable pre-FID activities as scheduled in the PFA on time in join collaboration with Government of Uganda.
She added that will hereafter look to the formal launch of the FEED process which is expected to be concluded at the end of 2019 and thereafter take Final Investment Decision (FID) before construction would commence.
The refinery is expected to be completed by the end of 2023.