Local entrepreneurs remain cautious Kampala, Uganda | RONALD MUSOKE | Following the signing of the host government agreement with Uganda on the weekend of Sept.11, senior officials from the French oil major, Total, say they are now ready to move faster project activities that will ensure Uganda produces first oil …
Read More »UNOC ships in 6 million litres of fuel via Lake Victoria
Kampala, Uganda | THE INDEPENDENT | Uganda National Oil Company (UNOC) has started a process that will see it move all its fuel imports from Kenya by water through Lake Victoria up to the Jinja pier. Peter Muliisa, the head of legal and corporate affairs at UNOC said the company …
Read More »Impact of COVID-19 on oil and gas sector development in Uganda
COMMENT | Lamunu Petronilla | The COVID-19 pandemic struck at a time when the Government of Uganda had made notable strides in the development of the oil and gas sector. These include establishment and the operationalization of key institutions like the Petroleum Authority of Uganda (PAU) and the Uganda National Oil …
Read More »National Oil Company starts petroleum bulk trading
Executives say they are in not to compete but to complement private sector investments Kampala, Uganda | JULIUS BUSINGE | Uganda National Oil Company Limited (UNOC) has started its bulk trading of petroleum products business countrywide. Under this trading, company executives say that they will import and sell petroleum products …
Read More »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 …
Read More »UNOC to invest $840m in oil and gas sector
Uganda discovered oil in 2006 but disagreements between the government and oil companies have stalled its development Kampala, Uganda | ISAAC KHISA | Uganda National Oil Company (UNOC) plans to invest $840million in joint infrastructure projects in the country’s oil and gas sector, said its Chief Executive Officer, Proscovia Nabbanja. …
Read More »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 …
Read More »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 …
Read More »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 …
Read More »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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