Uganda’s imports amount to about 60 KT, necessitating smaller vessels which increases freight costs. The logistics costs are likely to see pump prices in Kampala rise by 30% Nairobi, Kenya | THE STAR KENYA | Kenya did not impose a bond premium on Uganda’s oil cargo that docked at the …
Read More »Uganda’s first oil shipment docks at Mombasa in move toward direct importation
KAMPALA, Uganda | Xinhua | Uganda said Wednesday that its first shipment of oil has docked at the Kenyan seaport of Mombasa as Kampala moves away from importing the critical commodity through third parties. Uganda National Oil Company (UNOC), a state-run oil agency, said in a post on X, formerly …
Read More »UNOC records unexpected shs37 billion profit
Kampala, Uganda | THE INDEPENDENT | The Uganda National Oil Company (UNOC) has generated a profit of Shs37.6 billion surpassing their projected revenue of Shs6.989 billion. This revelation emerged during a meeting between officials from UNOC and Members of the Public Accounts Committee (PAC) on Monday, 27 May 2024 where the …
Read More »‘Uganda on right track to energy stability’
Kampala, Uganda | THE INDEPENDENT | The government has given a rosy picture of Uganda’s energy security in the medium term, citing several interventions and other developments in the sector. Experts have said Uganda is energy insecure especially because of the lack of a direct route to the sources of …
Read More »Kenya okays UNOC to import Uganda’s petroleum products
Nairobi, Kenya | THE INDEPENDENT | The Uganda National Oil Company – UNOC will effective May 2024 start importing petroleum products into the country. This is after the Kenyan government agreed to award it a certificate of incorporation, the Minister of Energy and Mineral Development has said. It follows a …
Read More »UNOC seeks sh550 billion for new fuel storage terminal
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 …
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