The Bahrain-based subsidiary of Vitol, the world’s largest independent oil trading firm, has faced major disruptions after Iran restricted access through the Strait of Hormuz in response to joint US-Israel attacks about two months ago.KAMPALA: Senior executives of Vitol Bahrain E.C, Ugan
As of Friday, pump prices exceeded Shs 5,300 at some outlets such as TotalEnergies, yet according to PS Batebe, Uganda has fuel stocks lasting over two monthsUganda’s government has cautioned oil marketing companies against unjustified increases in fuel pump prices, even as global market
Kampala — Uganda’s fuel prices remain significantly lower than those in Europe despite rising geopolitical tensions affecting global oil markets, with officials attributing the stability to diversified supply arrangements through the Uganda National Oil Company (UNOC) and its international su
The heat is on at the Uganda National Oil Company (UNOC) after the Auditor General’s December 2025 report tore through the glossy public relations spin amidst war on Iran and laid bare troubling gaps in fuel security, funding shortfalls, underperformance and strategic failures that now raise un
The Government has assured Ugandans that fuel supply remains stable and March 2026 deliveries are on schedule despite Middle East tensions, with pump prices expected to remain relatively unchanged.The Government has moved to calm fears over possible fuel shortages following renewed instabi
The Government has assured Ugandans that fuel supply remains stable and March 2026 deliveries are on schedule despite Middle East tensions, with pump prices expected to remain relatively unchanged.The Government has moved to calm fears over possible fuel shortages following renewed instabi
The Government has assured Ugandans that fuel supply remains stable and March 2026 deliveries are on schedule despite Middle East tensions, with pump prices expected to remain relatively unchanged.The Government has moved to calm fears over possible fuel shortages following renewed instabi
Uganda National Oil Co. signs a $2 billion loan with Vitol Bahrain to fund major infrastructure, including a new fuel pipeline and storage terminals.KAMPALA — Uganda’s state-owned oil company has signed a $2bn (£1.5bn) deal to fund major infrastructure projects designed to turn the co
KPC operates more than 1,700 km (1,056 miles) of petroleum pipelines linking the port of Mombasa to Nairobi, western Kenya and onward to Uganda. The system currently handles about 90% of Uganda’s fuel imports, making it critical to the country’s energy securityKenya plans to list the
“UNOC will be able to generate revenues of up to USD 5.6 billion” (about Shs21.3 trillion) from the projects when implemented," the ministry said, adding that the loan would reduce pressure on the consolidated fund and enable quicker realisation of revenues from the oil and gas sectorS
