The Uganda National Oil Company (UNOC) marked its 10th anniversary, celebrating 10 years of driving Uganda’s transformation in the petroleum sector. Established to manage the State’s commercial interests and unlock the full value of the country’s oil and gas resources, UNOC has grown from a bold concept into a fully-fledged national oil company central to Uganda’s energy future.

Over the past ten years, UNOC has built strong foundations in governance, institutional systems, human capital, and partnerships. This groundwork has strengthened shareholder confidence and positioned the Company to deliver long-term national value. From its inaugural Board to the new leadership appointed in 2024, UNOC has benefited from committed oversight that has guided multi-billion-dollar projects, enhanced internal systems, and upheld integrity across operations.

The Company’s achievements are evident in its contribution to national fuel security. Since 2020, UNOC has imported more than 3.7 billion litres of fuel, generating over $159 million in gross margins and helping to stabilize the country’s fuel supply. The rehabilitation of the Jinja Storage Terminal has restored full operational efficiency, while construction of the Kampala Storage Terminal continues as part of efforts to strengthen petroleum infrastructure.

During the celebration, Minister of Energy and Mineral Development, Ruth Nankabirwa, commended UNOC for its professionalism, resilience, and commitment to ensuring that Ugandans benefit from the country’s petroleum resources. She acknowledged the Company’s pivotal role in advancing strategic national projects such as the Tilenga and Kingfisher developments, the East African Crude Oil Pipeline (EACOP), Kabaale Industrial Park, and key storage facilities. Nankabirwa also recognized President Yoweri Kaguta Museveni for his clarity of purpose and consistent guidance, which laid the foundation for UNOC’s establishment and success.

UNOC Chief Operating Officer, Samantha Muhwezi said:"Incredibly proud of everyone who puts their best foot forward for the country in this area: our Shareholders Minister of Energy and Mineral Development, Ministry of Finance, Planning and Economic Development, our Board, our Management and all our staff".

UNOC CEO Proscovia Nabbanja reflected on the Company’s strategic evolution from the foundational phase between FY2019/20 and FY2023/24 to the accelerated growth phase running from FY2024/25 to FY2029/30. She noted that UNOC has strengthened institutional systems, advanced upstream projects such as Tilenga, Kingfisher, and Kasuruban, and progressed critical midstream initiatives including the Uganda Refinery, EACOP, and Kabalega Industrial Park. Work on financing, infrastructure, and partnerships continues to drive these projects forward.

Nabbanja emphasized that UNOC’s achievements are the result of visionary leadership and dedicated teams across all departments. She reaffirmed the Company’s mission of “Creating Value for Generations” through sustainable growth, operational excellence, and socio-economic transformation.

As UNOC enters its second decade, it is poised to expand participation across the entire petroleum value chain, scale national delivery, and create lasting value for generations of Ugandans.