PRESIDENT MUSEVENI BACKS REGIONAL OIL REFINERY INITIATIVE

President Yoweri Kaguta Museveni has today expressed Uganda’s
support for a proposed regional oil refinery project following talks with
Nigerian billionaire industrialist Aliko Dangote on strengthening East
Africa’s energy and industrial cooperation.

During the meeting held at State Lodge Nakasero, President Museveni
said Uganda was ready to support the establishment of a large regional
refinery in East Africa as part of broader efforts to promote economic
integration and value addition in Africa.

“We shall support Mr. Dangote, and we are ready to buy shares in the
regional refinery because our goal is regional integration and industrial
development,” President Museveni said.

The President emphasized that Africa must move away from exporting
raw materials and instead focus on processing its resources locally in
order to create jobs, build industries, and strengthen economies.

“We have always been against the export of unprocessed raw materials.
That is why Uganda insisted on having a refinery as part of our oil
development strategy,” he noted.

President Museveni explained that Uganda’s oil journey had taken
longer because the government insisted on ensuring that the country
benefits from value addition before exporting crude oil.

He said Uganda’s planned refinery in Hoima would continue alongside
broader regional discussions aimed at establishing a larger East African
refinery capable of serving multiple countries.

“We have no problem supporting a broader regional refinery that can
guarantee energy security for the region while Uganda also develops its
own refinery,” he said.

The President further said regional cooperation would help East African
countries benefit more from shared infrastructure and industrial projects.
“If East Africa works together, these projects become more viable and
beneficial to all our people,” he added.

The discussions followed recent engagements between Mr. Dangote
and East African leaders during the Africa We Build Summit 2026 held in
Nairobi, where proposals for a major regional refinery were discussed.

The project is a proposed $15 billion to $17 billion oil refinery with a
planned capacity of 650,000 barrels of crude oil per day and is expected
to serve Uganda, Kenya, Tanzania, Ethiopia, South Sudan, the
Democratic Republic of Congo and other regional markets.

On his part, Mr. Dangote said his team was currently assessing possible
locations for the refinery, including Tanga, Mombasa and Lamu, while
consultations with regional governments continue.

“This is a continuation of discussions we held with regional leaders in
Nairobi. We want to establish a refinery that can support East Africa’s
growing energy needs,” Mr. Dangote said.

He noted that the project would process crude oil from different sources
across the region and help reduce dependence on imported petroleum
products.

Mr. Dangote also assured President Museveni that the refinery would
create employment opportunities for East Africans.

“Jobs will not be a problem. In our refinery in Nigeria, we employ people
from many nationalities, and East Africans will also benefit from this
project,” he said.

He further invited officials from Uganda’s energy sector to visit the
Dangote refinery in Nigeria for further discussions and technical
engagement.

Mr. Dangote also congratulated President Museveni upon his
inauguration, wishing him good health and success during his new term
in office.

“I congratulate Your Excellency upon your inauguration and pray that the
Almighty God keeps you safe, healthy and strong as you continue
leading Uganda,” Mr. Dangote said.

Meanwhile, the Permanent Secretary at the Ministry of Energy and
Mineral Development, Eng. Irene Bateebe, said Uganda’s refinery plans
remain commercially viable due to the country’s quality crude oil and
growing regional market.

She said Uganda would continue engaging stakeholders and partners
on both the national refinery project and wider regional energy
cooperation initiatives.

The proposed regional refinery is expected to strengthen East Africa’s
energy security, support industrialization, and complement ongoing
infrastructure projects such as the East African Crude Oil Pipeline
(EACOP) linking Hoima in Uganda to Tanga in Tanzania.