Eversheds is advising the government of Uganda on the procurement of a lead investor and operator for the development and operation of the country’s first oil refinery.
The oil refinery will have the capacity of 60,000 barrels per day, improving energy security in Uganda and east Africa generally. The prospective investor will be responsible for the development and implementation of the refinery and related downstream infrastructure.
The refinery is being developed in line with the government’s National Oil and Gas Policy, which aims to utilise the country’s petroleum resources, and supports a resolution made by the east African community to boost the regional refining capacity in order to meet the growing market for refined petroleum products.
The Eversheds team, led by Howard Barrie and Ramu Ramaswamy, is acting as international legal counsel, advising the government of Uganda on the structure of the agreement with the successful bidder.