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Tag Archives: UNOC

UNOC starts trading in petroleum products

Kampala, Uganda | THE INDEPENDENT | The Uganda National Oil Company Limited (UNOC) has today launched its petroleum products business. UNOC will import and sell petroleum products in bulk to registered local oil marketing companies, a move that will position UNOC, with Government support, within the petroleum products supply chain. According …

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UNOC needs UGX 3.1 trillion for capitalization

Kampala, Uganda  | THE INDEPENDENT |  Uganda National Oil Company (UNOC) needs at least Three Trillion Shillings in capital to sufficiently carryout government business in the oil sector. Proscovia Nabbanja, the CEO of UNOC told reporters in Kampala on Wednesday that the money will be needed in a phased manner in …

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Optimism and pessimism for oil sector in 2019

Kampala, Uganda | THE INDEPENDENT | The oil sector in 2019 was dotted with both sheds optimism and pessimism in equal measure. The year started with government pledge for transparency in the sector when it signed up to the Extractive Industries Transparency Initiative (EITI), much to the delight of civil …

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UNOC needs UGX 3 trillion for activities in oil sector

  Kampala, Uganda | THE INDEPENDENT  | The Uganda National Oil Company- UNOC needs a total of USD 795 million (approximately 2.93 trillion) shillings to take part in upcoming oil and gas activities. Angella Ambaho Kariisa, a communication officer at UNOC, notes that as Uganda draws closer to the Final …

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Civil society concerned over oil pipeline

CSOs accuse NEMA, oil companies of doing sham environmental impact public hearings Kampala, Uganda | RONALD MUSOKE | Civil society organisations that are tracking developments in Uganda’s fledgling oil and gas industry have asked the National Environment Management Authority (NEMA) to ensure transparency and accountability whenever citizens are appraising oil …

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Minister woos African investors to Uganda’s oil and gas sector

Kampala, Uganda | THE INDEPENDENT  | Energy and Mineral Development Minister, Engineer Irene Muloni says Uganda’s oil and gas sector is open for business to African investors. Muloni says investors should bid for the second licensing round for the five highly prospective blocks in the Avivi, Omuka, Turaco, Ngaji. Kasurubani and …

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Govt looks to new oil deals

There is plenty to cheer than mourn about after Tullow oil deal failed THE INDEPENDENT | RONALD MUSOKE | Following the August fallout of Tullow Oil Plc’s farm down to Total E&P Uganda and China National Offshore Oil Corporation (CNOOC), the government appears to be going after a three-pronged come-back …

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