Our Vision
To be a profitable company that sustainably operates across the petroleum value chain by 2030
Our Mission
To sustainably develop and manage the state’s commercial interests in the petroleum sector to contribute to Uganda’s socio-economic transformation.
Our Purpose Statement
Creating Value for Generations
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
Our Core Values
Safety First
We conduct our business safely, thereby protecting the well-being of our employees, stakeholders, and assets.
Care for People and the Environment
We are committed towards the well-being of our people. We shall ensure that our people are safe, motivated and cared for.
Similarly, we shall preserve the environment and minimise the impact of our operations on the environment.
Integrity
We strictly adhere to ethical and moral standards of fairness and honesty in all our undertakings.
Excellence
We shall constantly pursue outstanding performance, innovation and value-creation
Collaboration
We pledge to work together with our clients and stakeholders toward common goals.
Innovation
We encourage creativity and continuous improvement in the conduct of our business.
Our Subsidiaries.
UNOC has two subsidiaries namely the Uganda Refinery Holding Company Ltd (URHC) and National Pipeline Company (U) Ltd (NPC).
The Uganda Refinery Holding Company Ltd (URHC), on GOU’s behalf, holds a participating interest of up to 40% in a refinery to be constructed in Kabaale, Hoima. It manages the development of Kabaale Industrial Park (KIP) comprising the refinery, Hoima International Airport, crude oil export hub and petrochemical industries.
The National Pipeline Company (NPC) holds a participating interest of 15% in the 1443-kilometer East African Crude Oil Pipeline (EACOP) on behalf of GOU. It manages the development and operations of storage terminals and pipelines as well as developing downstream supply and trading business.