Russia’s RT Global Wins Contract to Build Oil Refinery in Uganda

RT Global Resources, a unit of a state-owned Russian company whose head is subject to European Union sanctions, won a contract to build an oil refinery in Uganda.

RT Global beat a group led by South Korea’s SK Engineering and Construction Co. after both made final offers in January, Uganda’s Kampala-based Energy Ministry said on Tuesday in an e-mailed statement. The project could cost $4 billion, the ministry said in November.