Albertine Graben Refinery Consortium (AGRC), is a consortium of 4 international companies which agreed in 2018 with the government of Uganda, to invest in, construct, operate and co-own the Uganda Oil Refinery on the Eastern shore of Lake Albert.
In 2016, the selected lead investor in the refinery project, RT Global Resources of Russia, pulled out of negotiations.
Negotiations with the alternative investor, a consortium led by SK Engineering of South Korea also broke down.
[3][4] As of 2018 the Albertine Graben Refinery Consortium included the following 4 companies:[5][6] On 10 April 2018, the Consortium signed a definitive agreement with the government of Uganda, committing to design, develop, finance, construct, operate and maintain the planned 60,000-barrel-per-day Uganda Oil Refinery in Kabaale, Buseruka sub-county, Hoima District, on the Eastern shore of Lake Albert in the Western Region Uganda.
[3][7] The signing of this Project Framework Agreement, allows the consortium to begin the Front-End Engineering and Design (FEED), Project Capital and Investment Costs Estimation (PCE) and environmental impact assessment and social impact assessment.