Oil refinery: Uganda to save $1b per year in oil imports

“Uganda will soon join the table of OPEC [the Organisation of the Petroleum Exporting Countries] and influence global trade dynamics more closely, given its oil voice. President Museveni has professed that he is ready to protect the gains through renewed fist-fighting and defeating corruption,” Kapwepwe said.

Experts have labelled Uganda’s oil refinery as highly beneficial, driving economic transformation by creating thousands of jobs, reducing reliance on imported petroleum products and improving the country’s balance of payments.