Browsing: UNOC

Tanzania oil import offer Uganda can't refuse, ship docked at Dar Port
  • Tanzania has offered the Uganda National Oil Company (Unoc) to use the Dar es Salaam port for oil importation.
  • This presents a strategic alternative amid the ongoing importation stalemate between Uganda and Kenya.
  • The legal dispute between Uganda and Kenya over oil importation policies is pending before the East African Court of Justice (EACJ), with indications that Uganda may withdraw the case.

Tanzania has stepped forward with an enticing proposition that Kampala finds hard to ignore, especially regarding the ongoing deadlock in Nairobi-Kampala oil imports.

Tanzania has extended an offer to the Uganda National Oil Company (Unoc) to utilise the Dar es Salaam port for its fuel importation needs. This development comes as Uganda explores alternatives in response to Kenya’s steadfast position on Kampala’s oil importation demands.

Uganda’s grievance at the East African Court of Justice (EACJ) remains pending amid these unfolding events, casting a shadow of uncertainty over …

Uganda National Oil Company
  • The Uganda National Oil Company (UNOC) is directly importing petroleum products from Vitol Bahrain, aiming to reduce reliance on Kenyan firms and mitigate high fuel prices. 
  • UNOC’s direct importation and sale of fuel to OMCs in Tanzania and Uganda is a significant step towards fostering stronger regional ties, promoting economic growth, and ensuring energy security. 

Uganda National Oil Company (UNOC) has started the sale of petroleum products to oil marketing companies in both Uganda and Tanzania.

This is part of a broader strategy to test the waters before UNOC embarks on a direct importation agreement with the global oil titan, Vitol Bahrain. This maneuver signals a new era in East Africa’s energy dynamics, especially following a cooling of relations between Uganda and Kenya over fuel supply mechanisms.

Breaking New Ground: Uganda National Oil Company Direct Importation Deal

For years, Uganda’s fuel supply chain was heavily dependent on Kenyan OMCs. However, …

UNOC's Work Plan
  • 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 …

Uganda Tanzania agreement for EACOP
  • The EACOP is one of the biggest oil project in Uganda
  • The total investment has reached $10 billion
  • Uganda will pay Tanzania $ 12.20 per barrel transported through the pipe

The East African Crude Oil Pipeline project has again reached another height as the two partnering nations, Tanzania and Uganda, have signed a Memorandum of Understanding on cooperation in defence and security for the ambitious and controversial EACOP project.

The signing was penned on Friday last week at the climax of a three-day Inter-governmental Security Committee Meeting held in Kampala, Uganda.

The MoU was signed on behalf of the two nations by Uganda’s Minister of Defence and Veteran Affairs Vincent Bamulangaki Ssempijja and his Tanzanian counterpart, Minister of Defence and National Service Dr Stergomena Tax.

According to the Ugandan minister, the MoU was an important matter to be concluded, as highlighted by the two partner nations, President Samia Suluhu Hassan