Kikuube, Uganda | THE INDEPENDENT | Construction works of the Central processing facility (CPF) for the Kingfisher Development Area (KFDA) in Kikuube district currently stand at 70 percent. The China National Offshore Oil Company, Uganda (CUL) is the operator of KFDA on behalf of the Joint Venture Partners (JVPs) comprising TotalEnergies …
Read More »UNOC boasts of weeding out fuel speculators
KAMPALA, UGANDA | THE INDEPENDENT | Officials from the Uganda National Oil Company-UNOC say that they have eliminated unscrupulous middlemen, whom they accuse of hoarding fuel and later exploiting other dealers. They say that some petroleum dealers have limited capital, which deters them from purchasing fuel products in Kenya and relies …
Read More »UNOC hails Ugandan logistics companies for maximizing local content
Kampala, Uganda | THE INDEPENDENT | The National Oil Company-UNOC has commended players in the oil and gas sector for adhering to the local content needs that have seen numerous Ugandans benefit from the sector. Jessica Kyeyune made the remarks while representing the UNOC CEO at a National Supplier engagement …
Read More »Refinery negotiations still ongoing, Ugandan job seekers urged to be patient
Kampala, Uganda | THE INDEPENDENT | Ugandans seeking employment in the oil refinery in the Albertine Graben need to be patient as the negotiations go on. State Minister for Energy, Okasaai Opolot says Ugandans will get jobs during and after the construction of the refinery. The government of Uganda plans to …
Read More »Fuel dealers expect improvements as Uganda switches to direct importation
KAMPALA, UGANDA | THE INDEPENDENT | Fuel dealers in Uganda anticipate that the involvement of the Uganda National Oil Company (UNOC) as the sole importer of fuel will lead to improved pump prices. Geoffrey Elyanu, the Supplies and Distribution Manager for VIVO Energy Uganda, expressed this expectation during a media engagement …
Read More »Kenya tells Uganda to come clean on extra imported oil cargo
Uganda’s imports amount to about 60 KT, necessitating smaller vessels which increases freight costs. The logistics costs are likely to see pump prices in Kampala rise by 30% Nairobi, Kenya | THE STAR KENYA | Kenya did not impose a bond premium on Uganda’s oil cargo that docked at the …
Read More »Uganda’s first oil shipment docks at Mombasa in move toward direct importation
KAMPALA, Uganda | Xinhua | Uganda said Wednesday that its first shipment of oil has docked at the Kenyan seaport of Mombasa as Kampala moves away from importing the critical commodity through third parties. Uganda National Oil Company (UNOC), a state-run oil agency, said in a post on X, formerly …
Read More »UNOC records unexpected shs37 billion profit
Kampala, Uganda | THE INDEPENDENT | The Uganda National Oil Company (UNOC) has generated a profit of Shs37.6 billion surpassing their projected revenue of Shs6.989 billion. This revelation emerged during a meeting between officials from UNOC and Members of the Public Accounts Committee (PAC) on Monday, 27 May 2024 where the …
Read More »‘Uganda on right track to energy stability’
Kampala, Uganda | THE INDEPENDENT | The government has given a rosy picture of Uganda’s energy security in the medium term, citing several interventions and other developments in the sector. Experts have said Uganda is energy insecure especially because of the lack of a direct route to the sources of …
Read More »Kenya okays UNOC to import Uganda’s petroleum products
Nairobi, Kenya | THE INDEPENDENT | The Uganda National Oil Company – UNOC will effective May 2024 start importing petroleum products into the country. This is after the Kenyan government agreed to award it a certificate of incorporation, the Minister of Energy and Mineral Development has said. It follows a …
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