Refineries continue to invest in complex capacity The rate of investment in complex refining capacity remains strong, relative to both light product demand growth and overall refining investment rates. Planned investment in complex capacity, including coking, cracking, and hydrocracking, is projected to continue at a rate of 2.9 percent per annum. The Albertine Graben Refinery Consortium (AGRC), the venture of American and Italian firms that were on Tuesday commissioned to design, finance, construct and maintain the proposed oil refinery in Hoima District, will pick the Shs14.6 trillion ($4b) capital expenditure, including government’s share for the project,