Uganda to see $2.81bn oil and gas investment in 2025

Kampala signed an agreement on Saturday, March 29, 2025 with the Emirati investor MBM Investments for the construction of a refinery capable of producing 60,000 barrels per day in Hoima, in the western part of the country. The stated objective is to transform the crude locally, create jobs and strengthen energy sovereignty. However, voices are rising on the ground. Several similar projects have failed in the past, which arouses growing scepticis…

Uganda to see $2.81bn oil and gas investment in 2025

Uganda’s Petroleum Authority (PAU) has announced that oil and gas companies are expected to invest at least $2.81bn domestically in 2025 up from $2.44bn last year.

Uganda, Alpha MBM Sign Deal to Jointly Build Crude Refinery

Uganda and Dubai-based Alpha MBM Investments LLC signed a pact to jointly develop a 60,000 barrels per day refinery in the East African country.

This petition calls on UBS CEO Sergio Ermotti to publicly declare that UBS EACOP does not finance it. EACOP (East African Crude Oil Pipeline) is the project of the world's longest heated oil pipeline. When the pipeline comes into being, it will tear Uganda and Tanzania from the Albertine Rift to the Port of Tanga. The impact [...]

Uganda Refinery implementation agreement signed

An implementation agreement (IA) for the Uganda Refinery has been signed, laying the foundation for the project which is crucial for the commercialisation of Uganda’s oil and gas resources.

On 30 March 2025, Uganda entered into an agreement with Alpha MBM Investments LLC, based in the United Arab Emirates, for the construction of its first-ever oil refinery, located in the Graben Albertine region, west of the country. This project, estimated at $4 billion, provides for a capacity to process oil...