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Vol 56 No 5

Published 6th March 2015


Uganda

Museveni gets his refinery

Doubts surround both the Russian contract and the supposed benefit and even viability of the oil discoveries

A Russian state company under European Union sanctions has won the contract to build an oil refinery on the shore of Lake Albert. The contract is symptomatic of the growing closeness of President Yoweri Museveni and President Vladimir Putin and their burgeoning strategic relationship. Russia's RT-Global Resources won the estimated US$4 billion contract whose details, including the pre-award tendering, remain secret. It is a huge development for Uganda's long-delayed oil sector.

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