Gov’t suspends negotiations with Russia‘s RTGR in the Oil Refinery project

Government suspends negotiations with Russia‘s Rostec Global Resources (RTGR) consortium for selection as lead investor of the Oil Refinery project.

Government had shortlisted two bidders RTGR which was the preferred bidder and Alternate bidder SK Engineering of South Korea.

Energy Minister Irene Muloni says following months of negotiations with RTGR the final agreement was reached in may this year but before the expected signatures were appended last month, RTGR made additional demands from the Government seeking to reopen and renegotiate issues that had already been agreed between the parties.

She told the media early today that Government is now looking at alternate bidder SK engineering and construction for negotiations.

Story by

Nebert Rugadya

June 02 2016