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Tuesday, March 5, 2019
AGRC, through SAIPEM SpA, presented a final refinery configuration to the government of Uganda. The government, represented by the Minister of Energy and Mineral Development, Irene N Muloni and Uganda National Oil Company, previously signed the Project Framework Agreement (PFA) in April 2018 to develop a 60,000-bpd refinery in Kabaale, Hoima District.
In the PFA, the parties agreed that 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 approval. AGRC, through SAIPEM SpA, presented a final refinery configuration to government.
A Ugandan team, led by Muloni, met with AGRC leadership in Milan to review the final refinery configuration presented by SAIPEM SpA.
Muloni 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 the AGRC that government was happy with the Final Refinery Configuration proposed. AGRC leadership led by Rajakumari Jandhyala, CEO of YAATRA thanked the Minister and the Ugandan 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. She, on behalf of AGRC, stated that the consortium is fully committed to ensuring completion of all commercially viable pre-FID activities as scheduled in the PFA on time in join collaboration with Government of Uganda.
The AGRC 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 FID before construction would commence. Following a successful FID, the refinery is expected to be completed by the end of 2023.
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