Eversheds advises Government of Uganda on first oil refinery

abarrelfullabarrelfull wrote on 16 Oct 2013 08:43
Tags: africa refinery uganda

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Global law firm Eversheds is advising the Government of Uganda on the procurement of a lead investor and operator for 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, are acting as international legal counsel, advising the Government of Uganda on the structure of the agreement with the successful bidder. Eversheds are working alongside Taylor DeJongh (financial advisers), Jacobs (technical advisers), Katende Ssempebwa & co (local legal advisers) and ACMIRS in advising the Government.

Howard Barrie said:

“This is a landmark strategy the Government of Uganda to harness its petroleum resources and enter the market for refined petroleum products. Appointing the lead investor and operator is an important milestone for the project and we are working closely with the Ministry of Energy & Mineral Development to seek to ensure a successful partnership with the right bidder.

“It is a great privilege to be working with the Government of Uganda on such a significant project for the region.”

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