Kampala Storage Terminal Archives

UNOC Profits Surge to UGX 359.7b, but Fuel Buffer Gaps Expose Supply Risks

Paul MurungiEnergy, Oil & Gas The Big StoryFebruary 8, 2026February 8, 2026

Uganda National Oil Company (UNOC) posted a strong profit of UGX 359.7 billion in the 2024/25 financial year, a sharp turnaround from the UGX 3.7 billion loss recorded the previous…

Parliament approves UNOC’s UGX 7 trillion loan from Vitol Bahrain to fund oil refinery, Kenya pipeline shares and storage facilities

Paul MurungiEnergy, Oil & Gas The Big StoryDecember 17, 2025December 18, 2025

Parliament has approved a proposal authorising the Uganda National Oil Company (UNOC) to borrow up to USD 2 billion (UGX 7.12 trillion) from Vitol Bahrain E.C. (VBA), a global trader…