Tuesday , February 7 2023
Home / Tag Archives: UNOC

Tag Archives: UNOC

UNOC finally gets license to explore in Buliisa

Kampala, Uganda | THE INDEPENDENT | The government has signed a Production-Sharing Agreement(PSA) with Uganda National Oil Company for the Kasuruban block in Albertine Graben’s Buliisa district. The signing of the PSA with the government-owned oil company that took place on Thursday has been described as yet another milestone in the …

Read More »

Uganda and Tanzania renew commitment to secure EACOP

The two countries are harmonizing relevant laws and approval processes to hasten pipeline construction Kamapala, Uganda | RONALD MUSOKE | Senior officials from Uganda’s petroleum authority (PAU) and Tanzania’s energy and water utilities regulatory authority (EWURA)—the agencies that have regulatory powers over the oil industry in the two countries—have renewed …

Read More »

Ministers fail to appear to present strategy to curb fuel crisis

Kampala, Uganda | THE INDEPENDENT | Two Ministers of Finance and Energy failed to show up to a scheduled committee meeting that sought answers on the government’s strategy to curb the escalating fuel prices. The committee on Government Assurance and Implementation led by Vice-chairperson, Joseph Ssewungu had called the ministers but none …

Read More »

Development of Kampala storage terminal hangs in balance

Kampala, Uganda | THE INDEPENDENT | The Uganda National Oil Company-UNOC has said the search for a venture partner is delaying the development of Kampala Storage Terminal-KST, a reservoir aimed at reducing fuel shortages that usually lead to abnormal increase in petroleum products. Peter Muliisa, the UNOC’s Chief Legal and Corporate …

Read More »

Ballore wins logistics contract for EACOP

  Local firms in Uganda and Tanzania will be subcontracted to offer support | THE INDEPENDENT | French firm, Ballore Transport and Logistics, will be the Main Logistics Contractor (MLC) for the East African Crude Oil Pipeline (EACOP) project head of oil production in 2025. The firm said on May.09 …

Read More »

Equity signs MoU with Uganda National Oil Company

| THE INDEPENDENT | Equity Bank Uganda and the Uganda National Oil Company on April.13 signed a Memorandum of Understanding to facilitate and strengthen collaboration between the two entities in the areas of financing and enterprise development specifically for medium and small enterprises. The areas covered in the MoU include; …

Read More »

Give UNOC Sh914 billion, Auditor General

Hoima, Uganda | THE INDEPENDENT | The Auditor General John Muwanga has urged adequate capitalization of the Uganda National Oil Company (UNOC) and its subsidiary companies to enable government commercial participation in the strategic oil and gas sector. According to Muwanga’s new audit report for financial year 2020/2021, a total …

Read More »