President Museveni Defends Uganda’s Oil Project Ahead of COP 28
The forthcoming COP 28 intends to address global climate challenges while also establishing criteria for sustainable behavior.
The Karuma Dam Power Project will be completed in September 2024
The Karuma Hydroelectric Station is scheduled to open in September 2024, with an initial completion date of 2018. Four of the six units are now active, with full capability projected after the sixth unit is finished by the end of 2024. The project’s goal is to address rising power demand. Uganda’s installed electrical capacity is expected to reach 2000 MW once completed.
The Uganda National Oil Company Confirms It’s Kenya Registration
UNOC’s shareholders and board of directors, led by Emmanuel Katongole, remain unchanged, with control of activities in Uganda and Kenya.
‘The UNOC-Vitol Agreement Will Lower Pump Costs’
According to the Bank of Uganda, Uganda spent $1.6 billion on oil imports last year.
Tanzania and Uganda Ink Historic Gas Pipeline Deal
The pipeline, a massive technical feat, is set to snake its way from Tanzania’s gas-rich southern areas, going on a trip that would alter Uganda’s energy industry.
MP Mafabi Wants UNOC to Compete in Oil Imports
Mafabi, who is supported by Bukimbiri MP Eddie Kwizera, stated that Uganda operates in a liberalized economy and cannot grant UNOC monopoly status.
The UNOC-Vitol Oil Contract Will Be Evaluated Every Six Months
The minister made the statements during a news briefing at the Uganda Media Centre in Kampala on the upcoming Energy and Minerals Week 2023, which will be held from November 13 to November 18.
Luweero’s Gas Cylinder Plant Has Been Inaugurated
The new facility, located near Bombo town on the Kampala Gulu Highway, was commissioned on Thursday by the Minister of Trade, Industry, and Cooperatives, Francis Mwebesa.
President Museveni Says Fuel Import Reform Was Long Overdue
The President questioned why the whole country would buy from intermediaries in Kenya or elsewhere.
Vitol to Assume Control of Uganda’s Petroleum Supply.
Energy Minister Ruth Nankabirwa thundered a statement of liberty, pointing out that a startling 90% of Uganda’s petroleum imports currently pass through the complicated routes of Kenyan affiliates.
She declared, “Uganda will no longer be bound by the caprices of supply interruptions and excessive pump costs,” removing the constraints of the antiquated framework.