UNOC’s bulk procurement system and strategic fuel reserves provide some protection against sudden supply disruptions. The company is responsible for bulk petroleum imports and has a mandate to manage storage facilities and strategic reserves, measures intended to strengthen Uganda’s security of supply. However, strategic reserves cannot repeal the laws of the global oil market. If international crude prices remain elevated, the cost of replacing imported fuel eventually rises. Storage can provide breathing room but it cannot permanently insulate Uganda from international prices.

Site works are expected to start immediately, while detailed engineering is scheduled for completion by March 2027. The terminal is expected to be commissioned by September 2028, within 24 months of the contract’s effective date.

The Ministry of Energy and Mineral Development, in collaboration with the Uganda National Oil Company (UNOC), has reassured stakeholders...

Uganda has acquired a 20.15% stake in the Kenya Pipeline Company (KPC) through the Uganda National Oil Company (UNOC),...

The Petroleum Authority of Uganda (PAU) has said that Uganda’s oil and gas industry is steadily approaching a historic...

The body of Engineer Gershom Rwakasanga, a senior staff member of the Uganda National Oil Company (UNOC), has been...

Uganda’s economy continues to show resilience, with inflation holding steady at a low 3.8 per cent in both July...

The Uganda National Oil Company (UNOC) has clarified that the first shipment of petroleum products through the Kenyan port of Mombasa was planned and coordinated with the Kenyan authorities.