Uganda’s government officials said that it will get crude out of the ground by early 2018 and start feeding it into a proposed refinery as it seeks to become a regional energy hub.
Energy and minerals minister Irene Muloni told that the government and Russia-based RT Global Resources have started negotiations about the start of construction of the $2.5 billion refinery, Thenationonlineng reports.
Some analysts are doubtful on the viability of Uganda’s refinery projects, but minister Mulonu is sure about viability and also she is expecting that the global oil prices will rise before they start production.