Uganda National Oil Company (UNOC) invested over UGX 918 billion in the recently concluded initial public offering (IPO) of Kenya Pipeline Company (KPC), marking one of the region’s largest state-linked…
The Uganda National Oil Company (UNOC) has secured a 20.15 percent strategic shareholding in the Kenya Pipeline Company (KPC) following Cabinet’s approval. The deal marks a significant milestone in Uganda’s…
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 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…
Emmanuel Mugagga is the Chief Financial Officer of the Uganda National Oil Company (UNOC) and Winner of the Strategy Execution Award at the 9th edition of the Chief Financial Officer…
As one drives into Hoima City, the urban heart of Uganda’s oil dreams, it quickly becomes clear that this is no ordinary town. The city has become a magnet for…
Uganda’s oil ambitions face a critical stress test at the Kasuruban oil block. By handing it to Uganda National Oil Company (UNOC), government signaled that national control must sit at…
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…
The Auditor General, Edward Akol, has noted with concern that the Tilenga and KingFisher Development Area oil projects in western Uganda are behind schedule in hitting completion targets, with some…
Uganda’s Energy Ministry Permanent Secretary, Irene Batebe has, in an exclusive interview with the CEO Magazine, revealed that government is on course with Dubai- based Alpha MBM Investments to have…
