Trending
- Will Tanzania’s new truck assembly plant revive old coal mines?
- Communications Authority of Kenya needs $820M for digital superhighway goals
- Youth Unemployment in Kenya: The Role of Vocational Training
- New $900,000 initiative aims to boost sustainable trade in Tanzania
- Organization of the Petroleum Exporting Countries’ (OPEC) pride in its African roots
- AIM Global Foundation pushes for stronger Gulf-Africa trade partnerships
- Investment opportunities in South Sudan’s emerging gold industry
- Family planning drive in Kenya gets 450,000 self-injectable contraceptive doses from UK
Browsing: Energy Minister Ruth Nankabirwa
- UNOC’s Work Plan is facing a reality check as the institution seeks to secure project financing for its key ventures in the midstream and downstream sectors
- UNOC ventured into oil exploration in the Kasuruban block, working with a joint venture partner that brings technical know-how and financial muscle to the project
- Ministry of Finance announced UNOC used EACOP holding funds to buy 8M litres of fuel for Jinja Storage Terminal due to cash crunch
Uganda National Oil Company (UNOC) is facing a reality check as it seeks to secure project financing for its key ventures in the midstream and downstream sectors. Despite facing some obstacles, UNOC remains committed to its ambitious work plan and is continuing to pursue new opportunities.
UNOC is wholly owned by the ministries of Energy and Finance, with a 51 per cent and 49 per cent stake, respectively. The company’s mandate is to manage Uganda’s …