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The Uganda National Oil Company (UNOC) was established as a limited liability company under the 2013 Petroleum Act more than 10 years ago. Of course, the oil sector has seen heightened activity in the last five, but at the end of it, UNOC has been the silent pusher, ensuring that Ugandans get the best bargain from a resource they have waited for far too long. Beyond this, UNOC has also sanitised the local oil marketing space occupied by speculators, who had long exaggerated pump prices for a profit. Uganda consumes close to 7 million litres of fuel daily, with more…
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Hardly two years after arriving in Uganda to take up her very first CEO role at Uganda’s largest telco, MTN Uganda, Sylvia Mulinge has emerged as Uganda’s most admired CEO, in the CEO East Africa Magazine’s inaugural 100 Leading & Most Admired CEOs In Uganda Survey. The 2-in-1 CEO East Africa Magazine’s Most Trusted and Respected Companies & The Most Admired CEOs in Uganda Survey 2024 is part of the magazine’s thought leadership agenda that seeks to create a body of knowledge on what exactly great companies and great leaders are made of, as well as recognise them. “This, we…
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Since reaching FID in February 2022, Uganda has kicked off a massive oil drilling campaign with four oil rigs⏤ three of them at the TotalEnergies-operated USD4-5 billionTilenga Project in Buliisa and Nwoya districts, and one rig at the CNOOC-run USD2-3 billionKingfisher Project in Kikuube in the Albertine Graben. As of June 2024, TotalEnergies had made considerable progress in drilling over 35 oil wells with a projection of drilling 98 wells by the end of 2024. Seven oil wells had so far been drilled at the KingFisher Project alongside other engineering, procurement, and construction (EPC) works. Construction works for the USD5…
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The government of Kenya, through its energy sector regulators, the Energy and Petroleum Regulatory Authority of Kenya (EPRA) has finally granted the the Uganda National Oil Company (UNOC) a petroleum products importation license. The license was handed over to UNOC’s Chief Executive Officer, Ms. Proscovia Nabbanja, by Daniel Kiptoo Bargoria, the Director General of the Energy and Petroleum Regulatory Authority (EPRA) in Nairobi Kenya, yesterday, March 28th 2024. The license is a major prerequisite for UNOC to import fuel through Kenya. Under Uganda’s new Petroleum Supply (Amendment) Act, 2023, UNOC, a government-owned company was given powers as the main importer…
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To do or not to do an oil refinery for Uganda, over and above the pipeline, has been a major question for the country, but more importantly for the Uganda…
Equity Bank Uganda and the Uganda National Oil Company (UNOC) have signed a Memorandum of Understanding, to facilitate and strengthen collaboration between the two entities in the areas of financing and enterprise development specifically for MSMEs, clean energy use and environmental conservation sectors. Also, financing will be supplied in support of farmers, education and training for young people and more affordable and accessible health systems for all. Speaking during the signing ceremony which took place at the Kampala Serena Hotel during the 8th Annual Oil and Gas Convention, Equity Group Holdings Plc Group Managing Director, and CEO Dr. James Mwangi,…
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Uganda National Oil Company Chief Executive Officer Proscovia Nabbanja has been named among oil and gas heavy weights on the continent to watch in 2022. The African Energy Chamber recently announced the launch of the highly anticipated ‘State of African Energy 2022’ outlook. Comprising an outline for Africa’s energy sector, the report provides reliable and actional information on Africa’s energy industry, emphasizing challenges and opportunities, and paving the way for an influx of investment in the continent’s lucrative energy sector. In a bid to promote the role of African players in driving energy sector growth and success, the 2022 outlook…
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Proscovia Nabbanja, the Chief Operating Officer at the Uganda National Oil Company (UNOC) has been appointed by the board as the interim caretaker CEO. Wholly owned by the Government of…
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