Kampala, Uganda | THE INDEPENDENT | The Uganda National Oil Company (UNOC) has revealed that the first phase of the new fuel storage facility will cost over 550 billion Shillings (USD 140 million). The new reserve facility in Buloba is designed to store up to 320 million liters of fuel. …
Read More »EACOP costs push to $5 billion due to ‘Covid-19, other factors’
Kampala, Uganda | THE INDEPENDENT | Investors in the East African Crude Oil Pipeline will require five billion dollars to construct it. The cost of constructing the longest heated crude oil pipeline from Hoima to Tanga in Tanzania had been estimated to cost $3.5 billion. At the time, the shareholders were …
Read More »Uganda recommends Tanzania route for fuel imports
Kampala, Uganda | THE INDEPENDENT | Uganda kicked off consultations with Tanzania to allow the Uganda National Oil Company to market and handle fuel imports. The latest move comes after declined to issue Uganda National Oil Corporation (UNOC) a license to operate as a local oil marketer. Energy And Mineral Development …
Read More »KATESHUMBWA: Kenya remains our best option for fuel
Former Uganda Revenue Authority (URA) Commissioner Customs Dicksons C Kateshumbwa has taken to X (twitter) to weigh the options after President Yoweri Museveni pushed for the country to import fuel directly into the country and not going through Kenyan middlemen. Here is a summary of his thread, titled “Petroleum Supply …
Read More »UNOC explains why it opened oil import branch in Kenya
Kampala, Uganda | THE INDEPENDENT | Uganda National Oil Company (UNOC) has defended the registration of a branch in neighboring Kenya. A statement by the Company on Monday explained that it had to comply with regulations regarding the importation of petroleum products. “A certificate of incorporation issued in a country …
Read More »Chinese conned in sale of national oil company
Kampala, Uganda | THE INDEPENDENT | In the typical con artist meets investor that has become routine in Uganda, a Chinese tycoon was conned of billions of shilling in a scam where he was sold Uganda National Oil Company (UNOC) by some unscrupulous Ugandans. The Chinese investor ran to the government …
Read More »Nankabirwa tables Petroleum Supply Amendment Bill
Sector players accuse government of granting the fuel importation monopoly to a Bahrain-based Company known as Vitol Bahrain E.C under the guise of strengthening UNOC Kampala, Uganda | THE INDEPENDENT | The Minister of Energy, Ruth Nankbirwa has tabled before parliament a bill to regulate the importation of petroleum products. …
Read More »UNOC still pushing for refinery project in Hoima
Hoima, Uganda | THE INDEPENDENT | The Uganda National Oil Company (UNOC) is still pushing to have a refinery as part of the oil and gas commercialization plan. Plans to have a refinery established in Hoima were disrupted at the end of June when an agreement with an American-led venture …
Read More »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 »UNOC takes over management and operations of Jinja fuel storage terminal
Jinja, Uganda | THE INDEPENDENT | The Finance and Energy Ministries have taken over the management of the Jinja fuel storage terminal. The terminal that has been managed under a Joint Venture Partnership between One Petroleum Limited (OPL) consortium and Uganda National Oil Company Limited (UNOC) will now fully be under …
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