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Uganda National Oil Company

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The Uganda National Oil Company UNOC, also known as the National Oil Company of Uganda, is a limited liability petroleum company in Uganda and owned by the Ugandan government The 2013 Petroleum Exploration, Development and Production Act of Uganda provides for the establishment of the national oil company UNOC's board of directors was inaugurated on 23 October 2015 by the president of Uganda

The board is chaired by Emmanuel Katongole, an economist and businessman He is a co-founder of Quality Chemical Industries Limited, a pharmaceutical company in eastern Africa and the major supplier of anti-retroviral medications in Uganda

The board members include Francis Nagimesi, a former chief executive officer of the defunct Coffee Marketing Board of Uganda; Francis Twinamatsiko, a principal economist in the Ugandan Ministry of Finance, Planning and Economic Development; Grace Tubwita Bagaya Bukenya, a physical planner; Pauline Irene Batebe, a chemical/refinery engineer in the Petroleum Directorate of Uganda; Godfrey Andama, a senior geoscientist; and Stella-Marie Biwaga, a lawyer working with FIDA, Uganda

In June 2016, Josephine Wapakhabulo, an electric and electronics engineer, was appointed managing director and chief executive officer of UNOC, being the first person to serve in that position

Contents

  • 1 Location
  • 2 Overview
  • 3 Subsidiaries
  • 4 First oil
  • 5 See also
  • 6 References
  • 7 External links

Location

The headquarters of UNOC are located in the Amber House, 29-33 Kampala Road in Kampala, Uganda's capital and largest city The coordinates of UNOC headquarters are 0°18'480"N, 32°34'550"E Latitude:0313333; Longitude:32581944

Overview

The government of Uganda GOU's goal as set out in the country's energy policy 2002 and National Oil and Gas policy 2008 is to ensure the sustainable utilization of discovered petroleum resources to contribute to early achievement of poverty eradication and create lasting value to society One of the key objectives to ensure an adequate, reliable, and affordable supply of quality petroleum products in the country The petroleum deposits discovered so far are estimated at 65 billion barrels, of which 14 billion barrels are considered recoverable

The state can participate with between 15 and 20 percent in production, according to existing production-sharing agreements between the state and the three oil exploration companies: Tullow Oil of the United Kingdom, Total Oil of France, and the China National Offshore Oil Corporation It is the National Oil Company that will participate in production on behalf of the state The Uganda Oil Refinery that is in the development phase calls for 40 percent participation by the state The national oil company will invest in the refinery on behalf of the state It is also expected that the new oil company will maintain a petroleum products retail network

Plans are underway to develop a 60,000 barrel per day refinery that will serve Uganda and its immediate neighbours The refinery is being developed on a private-public partnership basis 60 percent to 40 percent GOU is in the process of finalising the selection process of a strategic investor who will take up the private shareholding The refinery is expected to boost the security of supply of petroleum products and provide an outlet for the discovered resources

Subsidiaries

UNOC has two wholly owned subsidiaries: the Uganda Refinery Holding Company headed by General Manager Michael Nkambo Mugerwa, and the Uganda National Pipeline Company headed by General Manager John Bosco Habumugisha

In May 2017, UNOC began managing the Jinja Petroleum Storage Terminal JPST, which has a storage capacity of 30,000,000 litres 6,599,077 imp gal; 7,925,162 US gal JPST is joint venture between UNOC and a private company, One Petroleum Limited The facility had 15,000,000 litres 3,299,539 imp gal; 3,962,581 US gal in storage as of November 2017

First oil

In March 2018, UNOC concluded the bidding for transporters to move 45,211 barrels of waxy test crude oil, equivalent to 1,898,862 US gallons 7,187,975 l; 1,581,133 imp gal from the oilfields in Hoima District, to the Kenyan port of Mombasa The winner of the tender is expected to be made public in April 2018 At prevailing crude oil prices of US$60 per barrel, the crude, extracted during testing and exploration was valued at about US$27 million KSh271 million

See also

  • Uganda portal
  • Energy portal
  • Irene Muloni
  • Petroleum Authority of Uganda
  • National Oil Corporation of Kenya
  • Uganda–Kenya Crude Oil Pipeline
  • Uganda–Tanzania Crude Oil Pipeline

References

  1. ^ a b Ssekika, Edward 17 August 2015 "Uganda finally creates National Oil Company" The Observer Uganda Kampala Retrieved 26 January 2016 
  2. ^ Musisi, Frederic 2 June 2016 "Wapa's daughter to head National Oil Company" Daily Monitor Kampala Retrieved 2 June 2016 
  3. ^ a b c Wambi, Michael 25 October 2015 "Museveni Commissions Petroleum, Oil Authorities" Kampala: Uganda Radio Network Retrieved 26 January 2016 
  4. ^ a b Editorial "Oil authority should have our interests at heart" Daily Monitor Kampala 
  5. ^ Monitor Reporter 18 October 2013 "Emmanuel Katongole: The founder of Quality chemicals" Daily Monitor Kampala Retrieved 26 January 2016 
  6. ^ Musisi, Frederic 2 June 2016 "Wapa's daughter to head National Oil Company" Daily Monitor Kampala Retrieved 24 August 2016 
  7. ^ Waswa, Sam 1 June 2016 "Josephine Wapakhabulo Named Uganda Oil Company CEO" Kampala: Chimpreportscom Retrieved 24 August 2016 
  8. ^ UNOC 3 February 2017 "The Uganda National Oil Company UNOC Is Recruiting" PDF New Vision Kampala Retrieved 7 August 2017 
  9. ^ Google 7 August 2017 "Location of the Headquarters of Uganda National Oil Company UNOC" Map Google Maps Google Retrieved 7 August 2017 
  10. ^ Musoke, Ronald 28 August 2014 "Uganda's oil reserves now estimated at 65 billion barrels" The Independent Uganda Kampala Retrieved 26 January 2016 
  11. ^ Ojambo, Fred 6 June 2013 "Uganda Draws Up Plan for National Oil Company to Steer Industry" Bloomberg News Retrieved 9 May 2014 
  12. ^ Omondi, George 10 April 2014 "EA leaders agree to build oil refinery in western Uganda" Business Daily Africa Nairobi Retrieved 26 January 2016 
  13. ^ Abdallah, Halima 18 December 2016 "Russians in comeback to Uganda oil refinery deal as Total wants 10 percent stake" The EastAfrican Nairobi Retrieved 29 November 2017 
  14. ^ Odyek, John 11 January 2017 "Oil Body Appoints Nkambo General Manager" New Vision newspaper Kampala Retrieved 29 November 2017 
  15. ^ Odyek, John 4 November 2017 "Uganda National Oil Company takes over Jinja terminal" New Vision newspaper Kampala Retrieved 29 November 2017 
  16. ^ Rwothungeyo, Billy 4 November 2017 "Uganda national oil company refurbishes oil reserve" New Vision newspaper Kampala Retrieved 8 November 2017 
  17. ^ Otuki, Neville 12 March 2018 "Uganda set to ship out its early oil through Mombasa" Business Daily Africa Nairobi Retrieved 12 March 2018 

External links

  • Uganda: Wapakhabulo Appointed CEO of Uganda National Oil Company
  • Uganda's oil still competitive despite global oil price plunge

Coordinates: 00°18′48″N 32°34′55″E / 031333°N 3258194°E / 031333; 3258194

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