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Uganda refinery bid mulled

Updated: 2012-02-23 07:57
By Li Jiabao and Zhou Yan ( China Daily)

CNOOC in talks with the African nation on joint investment

BEIJING - China National Offshore Oil Corp, the country's biggest marine oil producer, is negotiating with Uganda to participate in the African country's first refinery, which will be adjacent to the Lake Albert Basin.

CNOOC, together with the British oil firm Tullow Oil PLC and Total SA of France, will invest in the project, which has a total projected cost of $1.5 billion, Elly Karuhanga, chairman of the Uganda Chambers of Mines and Petroleum, told China Daily on Wednesday.

Uganda refinery bid mulled