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zczc UGANDA SHORTLISTS FOUR COMPANIES TO BUILD 15-TRILLION-SHILLING OIL REFINERY

KAMPALA, The Uganda government has shortlisted four companies before selecting one of them by the end ofthis month to build the country's proposed 15-trillion-shilling (abo4.13 billion US dollars) oil refinery, says Irene Muloni, the Minister of Energy.

Muloni didn't reveal which are the four shortlisted companies. Earlier, the government had picked a consortium led by RT Global Resources, a Russian company, to build the refinery but it pulled out, forcing over six other companies to submit bids -- SNC Lavalin of Canada, Yatra Ventures LLC and Apro, both from the United States, IESCO of Turkey, Guangzhou Dongsong Energy Group from China, Spain's Profundo, Bantu Energy, a Canadian-Ugandan consortium, and Italy's Maire Tecnimot.

Muloni said here Wednesday that by the end of this month, a winner would be announced. Uganda has set 2020 as the target to begin produced refined oil products.

Commenting on the construction of the proposed Hoima-Tanga pipeline, Muloni told journalists that inter-governmental meetings between Uganda and Tanzania were ongoing, and at the end of the year, an agreed position would be known.

She said Tanzanian expected to earn 2.5 billion USD a year from its oil, while warning against attempts to destabilise oil-related projects which the country was undertaking.

Source: NAM NEWS NETWORK

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