Vitol Deal Revives Uganda’s $4 Billion Refinery Ambitions

Commodity trading major Vitol will provide $2 billion in loans for the Ugandan government, to be used for energy infrastructure projects, including a refinery, Reuters has reported, citing a Ugandan government official. The 60,000-barrel-daily facility is one of the key infrastructure projects related to the East Africa Crude Oil Pipeline that will carry Ugandan crude to the East African coast in Tanzania. Initially, the Ugandan government tried to secure funding for the $4-billion project on international financial markets, but failing that, it…