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Tag Archives: UNOC

UNOC to retain money from petroleum sale in new Bill

Kampala, Uganda | THE INDEPENDENT | The Uganda National Oil Company (UNOC) will now retain a portion of the proceeds from the sale of petroleum products following the passing of the Public Finance Management (Amendment) Bill, 2021. During the Tuesday plenary sitting chaired by Deputy Speaker Anita Among, legislators amended the …

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Regional Oil and Gas SME conference kicks off this Thursday in Kampala

Kampala, Uganda | THE INDEPENDENT | The much-anticipated East African SME Oil and Gas Conference kicks off Thursday this week, in Kampala, organized by Stanbic Uganda Holdings in partnership with Uganda National Oil Company (UNOC), the Petroleum Authority of Uganda, CNOOC, and the Uganda Investment Authority (UIA). Participation will be both …

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CSBAG cautions against allowing UNOC to retain oil revenue

Kampala, Uganda | THE INDEPENDENT | Civil Society Organizations have cautioned that allowing the Uganda National Oil Company (UNOC) to retain petroleum revenue will mark the beginning of an oil curse in Uganda. They have now asked the finance committee of Parliament to reject a proposal by the government to have UNOC …

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Gov’t seeks access to proceeds from sale of crude oil

Kampala, Uganda | THE INDEPENDENT | Government seeks to allow the Uganda National Oil Company (UNOC) access to proceeds from the sale of its interests in the crude oil. The proposal is contained in the Public Finance Management (Amendment), Bill 2021 that was tabled by the Minister of State for Finance, Planning …

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Govt tables amendments to enable UNOC reap from crude oil

Kampala, Uganda | THE INDEPENDENT | The government has tabled fresh amendments to the Public Finance Management Act, to allow the Uganda National Oil Company (UNOC) access proceeds from the sale of its interest in crude oil. UNOC is a government company incorporated in June 2015 to handle the government’s …

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Uganda oil money agreements

  What is govt hiding? Kampala, Uganda | RONALD MUSOKE | Hussein Lumumba Amin, a renowned socio-political analyst, recently ignited debate on one of Uganda’s most sensitive subjects since Uganda discovered commercially viable oil reserves in 2006: What exactly will be Uganda’s share of its oil resource when production finally …

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