Uganda National Oil Company Limited (UNOC) 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. UNOC was incorporated under the Companies’ Act of 2012 as 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.

OUR VISION

To be an innovative and profitable company that operates across the petroleum value chain for the benefit of all Ugandans.

Our Mission

To drive sustainable growth of the Oil & Gas sector through strategic partnerships and champion national participation.

Core Values

Safety First.
Concern for the Environment.
Continuous Improvement.
Teamwork.
Innovation.
People-Oriented.

OUR STRATEGIC THEMES

An empowered workforce focused on innovative and continuous improvement of the organization and ourselves.

Long term relationships built on synergies that deliver projects as planned, create commercial benefits, share risks and ultimately transfer knowledge and build national capacity.

Fit for purpose systems, processes, policies and procedures resulting in operational excellence (safe, efficient, effective, compliant, self-sustaining, cash flows) underpinned by international standards and practice.

UNOC is also mandated to investigate and propose new upstream, midstream and downstream ventures initially locally and eventually internationally.

In line with this mandate, UNOC plans to start new upstream ventures and is currently reviewing data relating to some prospects in Albertine Graben. In addition, UNOC has ongoing and future midstream and downstream operations.

__________________________________________________________________________________

Our Shareholders

Minister of Energy and Mineral Development 51%
Minister of Finance, Planning and Economic Development 49%