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Uganda: MPs Call for Increased Funding to UNOC
Oil in Uganda, 23 November 2019
The Uganda National Oil Company Ltd needs at least $ 759.4 million (Approximately Shs 2.8 trillion to cater for government's equity in oil projects. Read more »
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".
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A month after suspending all technical activities, oil companies British multinational Tullow, French oil giant Total and China National Offshore Oil Company, have proposed ... Read more »
Uganda's President Yoweri Museveni and his Tanzanian counterpart John Magufuli have laid the foundation stone for construction of the East African Crude Oil Pipeline. Read more »
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