Uganda National Oil Company (UNOC) was established under Section 42 of the Petroleum (Exploration, Development and Production) Act and Section 7 of the Petroleum (Refining, Conversion, Transmission and Midstream Storage) Act, both of 2013. UNOC was incorporated under the Company’s Act of 2012 as a limited liability company wholly owned by the Government of Uganda.
Our overall function is to handle the State’s Commercial interests in the petroleum sector and to ensure that the resource is exploited in a sustainable manner.
UNOC is also mandated to investigate and propose new upstream, midstream and downstream ventures initially locally and eventually internationally. In line with this mandate, UNOC plans to start new upstream ventures and is currently review data relating to some prospects in Albertine Graben. In addition, UNOC has ongoing and future midstream and downstream operations.