To be an innovative and profitable company that operates across the petroleum value chain for the benefit of all Ugandans.
To drive sustainable growth in the oil and gas sector through strategic partnerships and championing national participation
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.
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
Concern for the Environment
UNOC has two subsidiaries namely the Uganda Refinery Holding Company Ltd (URHC) and National Pipeline Company (U) Ltd (NPC).