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Uganda’s government and the Uganda National Oil Company (UNOC) addressed concerns regarding alleged oil sales from the Albertine Graben region, clarifying that no oil has been sold. Proscovia Nabbanja, UNOC’s Chief Executive Officer, emphasized during a media engagement event organized by the State House Investors Protection Unit (SHIPU) that trucks seen in the area are delivering equipment and fuel for oil production, not transporting oil. The event aimed to update the media and the public on Uganda’s oil and gas sector.
SHIPU’s head, Col. Edith Nakalema, highlighted the importance of accurate information dissemination about Uganda’s significant investment in the oil and gas sector. She emphasized SHIPU’s role in promoting and protecting investors, both local and foreign, underscoring the need for transparent communication.
Journalists and NRM cadres expressed gratitude for the initiative, emphasizing the importance of clarifying misconceptions surrounding the oil project. Col. Nakalema pledged to bridge the communication gap between government agencies and the media, facilitating better understanding and transparency.
UNOC, established by the Government of Uganda, oversees the country’s commercial interests in the petroleum sector. Its subsidiaries, the Uganda Refinery Holding Company (URHC) and the National Pipeline Company (NPC), contribute to ensuring sustainable exploitation of resources and promoting national content and expertise in the oil and gas industry.
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With confirmed oil and gas resources totaling 6.5 billion barrels, Uganda’s focus lies on the commercialization of its assets through a refinery and the East African Crude Oil Pipeline (EACOP). UNOC’s involvement in upstream projects like Tilenga and Kingfisher, alongside partners TotalEnergies and CNOOC, aims at maximizing value retention for Uganda.
Additionally, UNOC is progressing with downstream projects such as the Kabalega Industrial Park (KIP), the Jinja Storage Terminal (JST), and the Kampala Storage Terminal (KST). These initiatives are expected to significantly contribute to Uganda’s economic growth, job creation, and infrastructure development.
UNOC’s recent acquisition of sole importation status for petroleum products aims to enhance security of supply and stabilize prices. The move also facilitates the prioritization of local goods and services, benefiting Ugandan businesses and promoting skills transfer and training in the oil and gas sector.
Through ongoing efforts and collaborations, UNOC and the Ugandan government are working towards realizing the full potential of the country’s oil and gas resources, ensuring sustainable development and economic prosperity for all stakeholders involved.
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