Ugandan Oil Board Reinstated, Needs More Funding

While President Yoweri Museveni has re-appointed six members of the board of directors of Uganda National Oil Company Limited, there are calls from the board for more government funding as it noted that it is "not adequately financed to realise its equity contribution to the development of the refinery, pipeline and petroleum storage terminals".



Don't Miss

AllAfrica publishes around 900 reports a day from more than 140 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.