Uganda National Oil Company

A blue and yellow steel drilling rig with yellow staircases and walkways stands against a hillside, a red wellhead assembly at its base. A group of people in hard hats and coveralls stand in front of it.

Uganda leaves first-oil date open until June 2027

With the pipeline 92 per cent complete and Tilenga at 78 per cent, first oil depends on three linked projects finishing together by mid-2027

President Yoweri Museveni speaking at a podium bearing the presidential seal during the Independence Day celebration, wearing a white shirt and a maroon, white and gold sash.

Foreign exchange

Museveni rejects selling dollar reserves to prop up the shilling

Uganda’s reserves stood at $6.52bn in August, nearly double February 2024, as Museveni urges fewer imports instead of dollar sales to support the shilling.

Kampala Storage Terminal

Ticking bomb in Mpigi: a 320-million-litre oil terminal beside an open-air landfill

A $310mn petroleum terminal meant to bolster Uganda's fuel security rises in Mpigi beside an open-air landfill mired in legal dispute

Overhead shot of the Jinja Storage Terminal in Jinja Town

Uganda’s oil company ditches equity partner for its biggest terminal yet

A $309.7mn fuel terminal outside Kampala signals a shift in how Uganda's state oil company funds strategic energy infrastructure

The East African Crude Oil Pipeline route from Uganda to Tanzania

Uganda raises oil reserves estimate as first production nears in 2026

The reserve upgrade comes as the operator consortium maintains its schedule for the start of commercial production in the second half of next year

Workers at the Kingfisher Oil Field in Kikuube, Uganda, on 24 January, 2023. Ugandan President Yoweri Museveni launched the drilling process at the Kingfisher Oil Field, operated by the Chinese oil giant China National Offshore Oil Corporation Cnooc.

Careful management of market uncertainties required to maximise returns from oil and gas

Uganda's oil and gas industry needs a minimum global crude oil price of $63 (Shs237,893) per barrel for maximum profitability

A petroleum storage facility run by the Kenya Pipeline Company

Uganda refused use of Kenya’s pipeline in Vitol deal

Unoc failed to meet licensing requirements for certain annual petroleum sales in Kenya, operation of five service stations and a depot in Kenya

A Shell petrol station in Kampala, managed by Vivo Energy

Why Uganda is entering exclusive fuel supply deal with Vitol

Uganda's decision to give the Dutch Vitol Group exclusive rights to supply its fuel was prompted by frustration at being kept in the dark about a similar deal between Kenya and two Gulf states

A group photo of oil company executives in Kampala, Uganda

Oil companies take final investment decision on Uganda projects

TotalEnergies, the French energy group, and the China National Offshore Oil Corporation have announced the long-awaited final investment decision for Uganda's oil projects, collectively referred to as the Lake Albert Development Project

More Uganda National Oil Company

25 January 2018

Unoc starts process to sell 45,000 barrels of crude oil from well testing

The Uganda National Oil Company has issued notices calling for bids for the sale of 45,211 barrels of crude oil from extended well tests concluded six years ago