UNOC will start importing petroleum imports in May – Nankabirwa

Facebook
Twitter
LinkedIn
Pinterest
Pocket
WhatsApp

Petroleum products will be imported into Uganda by the Uganda National Oil Company (UNOC) starting in May, the Minister of Energy and Mineral Development, Ruth Nankabirwa, has said.

The development comes on the back of the Kenyan government consenting to provide UNOC a certificate of incorporation.

“President Ruto intervened and brokered an out-of-court settlement giving UNOC the leeway to begin operating,” Nankabirwa said.

“Proscovia Nabbanja, UNOC’s chief executive, and other officials from the Ministry of Energy are in Nairobi to get the certificate of incorporation.”

Minister Nankabirwa made the revelations while addressing journalists during a handover ceremony of Phiona Nyamutoro, who took over from Peter Lokeris as the minister of state in charge of minerals.

UNOC applied to be registered as an Oil Marketing Company in September 2023 with the Energy and Petroleum Regularity Authority (EPRA) of Kenya.

This would have allowed it to import and export petroleum in Kenya. However, the application was rejected.

Kenya rejected UNOC’s application on the grounds that the state-owned enterprise was unable to fulfill the required criteria for obtaining the license required to operate as an oil importer.

In addition to lowering the pump price of oil, Nankabirwa said that by starting to import petroleum products into the nation, UNOC hopes to obtain the essential oil business knowledge as Uganda waits to start pumping its first gas and oil from the refinery by 2025.

Nankabirwa told journalists that Uganda and Tanzania registered yet another key milestone after she and counterpart Doto Biteko from Tanzania commissioned the East African Crude Oil Pipeline (EACOP) coating plant burrowed at Sojo village, Nzege District, Tabora Region.

“There isn’t yet a direct pipeline from Dar es Salaam to Uganda, thus all petroleum transportation is done by road, which is quite expensive and involves traveling 1,500km from Dar to the Mutukula border station through the lake via Mwanza,” she said.

“Therefore Uganda and Tanzania registered yet another key milestone after commissioning the East African Crude Oil Pipeline (EACOP) Coating Plant at Sojo village, Nzege District, Tabora Region.”

Facebook
Twitter
LinkedIn
Pinterest
Pocket
WhatsApp

Never miss any important news. Subscribe to our newsletter.

Leave a Comment

Your email address will not be published. Required fields are marked *

Recent News

Editor's Pick