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Tag Archives: UNOC

Rising fuel prices

 Did URA, Ministry of Health cause it? Kampala, Uganda | IAN KATUSIIME | An unreasonable testing protocol, greed and an unresponsive government to popular needs has seen Ugandans treated to the worst of January blues with fuel prices going as high up as UgShs10, 000 for a litre. The prices …

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Government advised to regulate fuel industry

Jinja, Uganda | THE INDEPENDENT | Members of Parliament on the trade, industries and tourism committee want the government to enact laws that will foster consumer protection within the fuel industry. While inspecting the oil reserves on Friday in Jinja City, the MPs said that there was hoarding of fuel …

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MPs urge gov’t to refill oil reserves to curb fuel prices

Kampala, Uganda | THE INDEPENDENT | Members of Parliament have quizzed officials from the Ministry of Finance, Planning and Economic Development over the skyrocketing fuel prices in the country. The MPs on the Committee of Finance believe that the ongoing fuel crisis would have been averted if the county’s oil reserves were …

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Jinja oil reserves run out of fuel – UNOC

Jinja, Uganda | THE INDEPENDENT | Uganda’s oil reserves in Jinja have run out of fuel, Uganda National Oil Company-UNOC depot manager, Joel Nkangi has announced amidst a crisis that has led to an escalation of fuel prices in recent weeks. Pump prices have now increased to an average of 6,000 Shillings …

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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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