Uganda National Oil Company Limited (UNOC) holds Uganda’s commercial interests on behalf of the Government of Uganda (GoU), participating with up to 40% shares in the refinery Project.
The conference and exhibition come at a time when the government has just concluded the second licensing round for new exploration areas in the Albertine.
UNOC has paid over 578 million shillings or $155700 as required by the laws and the signed Production Sharing Agreement and award of the Petroleum Exploration License.
From delivering a Final Investment Decision, the commencement of field development, and the arrival of the rigs, there is hope that Tilenga and Kingfisher Developments in the Albertine will deliver first oil in 2025.
Participants from several African countries with oil and gas meeting in Uganda reckon that data is the industry’s most valuable resource that shouldn’t be underrated.
Pouyanné in a statement said with the increased penetration of renewables globally, natural gas keeps a key role in the energy transition to ensure firm power, in addition to pushing out coal in all sectors of final demand.
According to Lubega, ICOGU has begun underwriting the oil and gas projects in the Albertine including the pipeline from Uganda to the Port of Tanga in Tanzania. “We have policies on the pipeline, on Tilenga, on Kingfisher and this gives us hope moving forward,” said Lubega.
The MPs on the Committee had convened the meeting on Wednesday, 20 July 2022 to find out steps being taken to end the fuel crisis and also to establish the support given to the Uganda National Oil Company – UNOC to support the national oil reserves to avert the fuel crisis.
Peter Muliisa, the UNOC’s Chief Legal and Corporate Affairs Officer revealed to Uganda Radio Network - URN that KST is ‘not yet constructed’ and the search for a partner to develop it is still on.
In April 2022, David Bahati and his counterpart Peter Lokeris, the State Ministers for Industry, and Energy respectively presented a statement in the House committing the Government to prevailing over the escalating fuel prices in the country.
