UNOC also aims at increasing participation of Ugandans in the oil and gas sector through employment and provision of goods and services. The Company has a commercial role to play across the petroleum value-chain and plans to grow into an oil and gas entity with local and international presence.
One of the key objectives is to ensure an adequate, reliable, and affordable supply of quality petroleum products in the country. The appointment of Proscovia Nabbanja as the substantive chief executive officer (CEO) at the Uganda National Oil Company (UNOC) has been welcomed by … Our vision is to be an innovative and profitable company that operates across the petroleum value chain for the benefit of all Ugandans. All Rights Reserved. Chief Executive Officer of Uganda National Oil Company (UNOC), Dr Josephine Kasalamwa Wapakhabulo. Josephine Wapakabulo Dr Josephine Kasalamwa Wapakabulo has, “with a heavy heart” resigned as the Chief Executive Officer (CEO) of Uganda National Oil Company (UNOC), Chimp Corps exclusively report. The facility had 15,000,000 litres (3,299,539 imp gal; 3,962,581 US gal) in storage as of November 2017.In December 2018, the shareholders of UNOC resolved that the company will own 15 percent equity in 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 When the first bidding process failed to attract a credible buyer, the oil was re-advertised in June 2018. Dr. Josephine Wapakabulo for her dedicated service to UNOC which has delivered significant accomplishments thus far,” said board chairman Emmanuel Katongole. Dr Wapakabulo tendered her resignation before UNOC’s Chairman Board of Directors, Emmanuel Katongole today Monday. 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. Failure to dispose of the crude oil before the Uganda oil refinery is completed, will make the refinery the default buyer. Dr. Wapakabulo has since her recruitment in August 2016 been an excellent leader who has diligently executed her roles. “As the first CEO of UNOC, Eng. The refinery is being developed on a private-public partnership basis (60 percent to 40 percent). The 2013 Petroleum (Exploration, Development and Production) Act of Uganda provides for the establishment of the national oil company. Oil and Gas Sector in Uganda: An Exclusive Interview with Proscovia Nabbanja, CEO of UNOC Our mission is to drive sustainable growth of the oil and gas sector through strategic partnerships and championing national participation.We have developed our business strategy to achieve our vision and mission based on three strategic themes:UNOC will ensure that every business venture we engage in maximizes return for our shareholders and contributes to enhancing participation of Ugandans in the sector.I look forward to continue working with all our valued stakeholders and business partners to grow our business and fast track oil production in the areas under development as we aim at opening new ventures in exploration.UNOC – Your Partner in Uganda’s Oil & Gas Industry! We would like to thank Eng. GOU is in the process of finalising the selection process of a strategic investor who will take up the private shareholding. Uganda National Oil Company (UNOC) Limited was incorporated under the Company’s Act of 2012 as limited liability company wholly owned by the Government of Uganda.The Company has a commercial role to play across the petroleum value-chain and plans to grow into an oil and gas entity with local and international presence. At the prevailing trading price of $74 (UShs280,000) per barrel of Brent crude oil, the 45,211 barrels could fetch about US$3.3m (about UShs 13 billion), as of June 2018. The petroleum deposits discovered so far are estimated at 6.5 billion barrels, of which 1.4 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: Plans are underway to develop a 60,000 barrel per day refinery that will serve Uganda and its immediate neighbours. UNOC's board of directors was inaugurated on 23 October 2015 by the president of Uganda. JPST is joint venture between UNOC and a private company, One Petroleum Limited. Oil and Gas sector in Uganda: An Exclusive interview with our CEO, Ms. Proscovia Nabbanja. © 2020 UNOC | Uganda National Oil Company Limited. Uganda National Oil Company (UNOC) Limited was incorporated under the Company’s Act of 2012 as limited liability company wholly owned by the Government of Uganda. The headquarters of UNOC are located in Fairway Tower, at 15 Yusuf Lule Road, on 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.