Who will sign the shareholders’ agreement with Uganda refinery company?
The Shareholders¡¯ Agreement will be signed by shareholders of the refinery company. The Uganda Refinery Holding Company, a subsidiary of the UNOC will hold a participating interest of up to 40% in the Refinery Company on behalf of UNOC and Government of Uganda.
What is the Uganda Refinery Project?
The Uganda Refinery Project is a greenfield oil refinery with a capacity of 60,000 BPD in Uganda, and the associated downstream infrastructure. It will be owned by the selected firm/consortium and the GOU in a 60:40 partnership. Introduction to the Uganda Refinery Project, September 2013.
Who owns Uganda refinery company?
The Uganda Refinery Holding Company, a subsidiary of the UNOC will hold a participating interest of up to 40% in the Refinery Company on behalf of UNOC and Government of Uganda. The shareholders¡¯ agreement lays out the financial obligations of each part such as cash calls, defaults, and stipulates the voting rights.
Who owns crude oil in Uganda?
The crude oil owners are the Government of Uganda and UNOC, TotalEnergies E&P Uganda and China National Offshore Oil Corporation (CNOOC) Uganda Limited. The Shareholders¡¯ Agreement will be signed by shareholders of the refinery company.