Cicero
JF-Expert Member
- Jan 20, 2016
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KAMPALA, UGANDA |HAGGAI MATSIKO|
President Yoweri Museveni’s oil refinery project has once again suffered a major blow with a major Chinese contractor quitting. As has happened in many major infrastructure deals, frustration over in-fighting, intrigue and lobbying had already taken root with cabinet officials, President Yoweri Museveni’s relatives, diplomats and senior technocrats at the Energy Ministry being cited in this case.
The Independent has learnt that China Petroleum Engineering & Construction Corporation (CPECC) in June wrote to the government indicating that it had pulled out of the deal. The departure of CPECC is a major set-back because it is affiliated to China National Petroleum Corporation (CNPC), the world’s third largest oil company, and it is considered the largest company with specialties in oil engineering, manufacturing, construction, and contracting in China.
More here: https://www.independent.co.ug/cover-story-chinese-quit-musevenis-refinery-deal/
NOTE: Tanzania has stakes in this project --> Tanzania takes 8pc stake in Uganda’s refinery project
President Yoweri Museveni’s oil refinery project has once again suffered a major blow with a major Chinese contractor quitting. As has happened in many major infrastructure deals, frustration over in-fighting, intrigue and lobbying had already taken root with cabinet officials, President Yoweri Museveni’s relatives, diplomats and senior technocrats at the Energy Ministry being cited in this case.
The Independent has learnt that China Petroleum Engineering & Construction Corporation (CPECC) in June wrote to the government indicating that it had pulled out of the deal. The departure of CPECC is a major set-back because it is affiliated to China National Petroleum Corporation (CNPC), the world’s third largest oil company, and it is considered the largest company with specialties in oil engineering, manufacturing, construction, and contracting in China.
More here: https://www.independent.co.ug/cover-story-chinese-quit-musevenis-refinery-deal/
NOTE: Tanzania has stakes in this project --> Tanzania takes 8pc stake in Uganda’s refinery project
