Kampala, December 23rd, 2022. The Jinja Storage Terminal (JST) that has been managed under a Joint Venture Partnership between One Petroleum Limited (OPL) consortium and Uganda National Oil Company Limited (UNOC) will now fully be under management and operatorship by UNOC effective 23rd December, 2022.
In 2017, UNOC entered into a joint venture partnership with the consortium (One Petroleum limited, One Petroleum Uganda limited, and Mbaraki Bulk Terminal limited) for the operation and management of the JST. The consortium has been operating and maintaining the terminal since 2017.
OPL has taken a decision to focus on other core businesses within their portfolio in line with their business strategy and as such the partners have reached a mutual consensus and agreement for the consortium to hand over the operation and management of JST to UNOC.
UNOC assures the shareholders and key stakeholders that all arrangements have been made to ensure a seamless transition and continuity of operations.
UNOC wishes to sincerely thank the One Petroleum consortium for the fruitful partnership and gives assurance to all its stakeholders on the continued efficient running of the Jinja Storage Terminal.
UNOC is committed to service our customers as we boldly steer towards enhancing security of supply of petroleum products in the country.
About the Uganda National Oil Company. 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.
Sarah Birungi Banage
Plot 15 Yusuf Lule Rd,
Kampala, Uganda – East Africa
P.O Box 36316, Kampala
Telephone: +256 312 444 600/ +256(0)781127260
Email: firstname.lastname@example.org. / email@example.com