Vitol Loans Uganda $2B for Energy Infrastructure
Update: 2025-12-17
Description
Vitol to fund Ugandas oil refinery project with a $2B loan, marking a significant step for the nations energy ambitions. The refinery, capable of processing 60,000 barrels daily, is part of the East Africa Crude Oil Pipeline project. Alpha MBM Investments, an Emirati firm, will hold a 60% stake, with Ugandas state oil company owning the remaining 40%. The loan, with a 7-year term and 4.92% interest rate, will also fund infrastructure projects like roads, a fuel storage terminal, and an oil pipeline extension.
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