Uganda National Oil Company (UNOC)
About Company
Uganda National Oil Company Limited (UNOC) is a limited liability company wholly owned by the Government of Uganda
Our overall function is to handle the Government of Uganda’s commercial interests in the petroleum sector and to ensure that the resource is exploited in a sustainable manner.
Uganda National Oil Company (UNOC) Limited is a limited liability company solely owned by the Government of Uganda (GOU). It 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. It was incorporated under the Companies Act of 2012 as a limited liability company on June 12th, 2015.
Our Shareholders
We are wholly owned by GOU with two shareholders-the Minister of Energy and Mineral Development (51%) and the Minister of Finance, Planning and Economic Development (49%). .
What We Do
Manage the Government’s commercial interests in the petroleum sector and are mandated to ensure that the resource is exploited in a sustainable manner.
Investigate and propose new upstream, midstream, and downstream ventures initially locally and eventually internationally. Develop in depth expertise in the oil and gas sector.
Participate in joint ventures in which it holds an interest on behalf of the State
Useful Links
Ministry of Energy and Mineral Development
Ministry of Finance, Planning and Economic Development
Petroleum Authority of Uganda
National Environment Management Authority
Directorate of Petroleum-Uganda
Our Projects
The Petroleum (Exploration, Development and Production) Act 2013 mandates UNOC to manage State Participation in petroleum activities and to investigate and propose new upstream, midstream, and downstream ventures.
Our Commitment
We are committed to managing environment, health, safety and security and National Content. We are focused on sustainably meeting energy demand while creating lasting value for stakeholders.
Our Vision
To be an innovative and profitable company that operates across the petroleum value chain for the benefit of all Ugandans.
Our Mission
To drive innovative growth in the oil and gas sector through strategic partnerships and championing national participation
