The Head of Shield Investors, hosted the Executive Director Uganda National Oil Company, Ms. Proscovia Nabbanja, and her team to share information about the institution’s mandate in Uganda’s oil journey so far.
Nabbanja highlighted skills development that Over 5,000 Small and Medium enterprises(SMEs) received training in the oil and gas sector. Moreover, 14,000 Ugandans underwent certification in vital disciplines like welding, health and safety, heavy goods vehicle operation, and scaffolding.
According to Nabanjja,the Uganda National Oil Company has provided Jobs for 13,821 Ugandans. International oil companies employs 849 individuals, with 603 of them being Ugandans. Additionally, those contracted by oil companies have hired 12,074, including 11,470 Ugandans.
According to Nabanjja the import structures currently existing in Kenya, creates a scenario where pump prices in Uganda end up being higher than necessary and this is because there are so many intermediaries, often referenced as middlemen within the importation system, who naturally would require a premium from whoever they’re buying from
UNOC generates revenue to reduce the burden on the treasury because if we generate that revenue, we can use it for investments in other projects where we participate, so that we don’t burden the national treasury
Uganda has always been importing petroleum products, 90% through Kenya, and sometimes even up to 98%. The small percentage comes through Tanzania
Uganda has a plan of constructing other terminals and of which is intended to develop in a phased manner. It will be a bigger one in a place called Nabwambula in Buloba. It will be a 320 million-litre capacity terminal .
But the main reason of that terminal is to receive products that will be refined from Uganda’s refinery, through a product pipeline of about 210 kilometers from Hoima-Buloba, and then that terminal will also be storing products to be distributed .
Uganda has only 30 million liters in Jinja, and of which are not enough as most of the countries hold stocks between 30 – 60 days for purposes of security.
According to Nabanjja,on the Tanzania side, the 9,904 project affected Persons compensation agreement signed is 9,823, which is 99%. And then, of course, the compensation paid is 9,822, which is close to 99% as well
Everyone should know that Uganda holds of the 30 million-liter terminal in Jinja. And it was set up primarily to hold stocks or strategic stocks for the country.
There’s a lot of issues that have been raised about environmental considerations. I want to assure you that all the engineering works and the planning have put environmental considerations at the forefront of the planning for the East Africa Crude Oil Pipeline.
The East African crude oil pipeline is a project that is structured solely to transport the crude from Hoima to Tanga Port in Tanzania. It’s going to be roughly 1,445 kilometres in length, and it’s going to be heated, and insulated.
Advertisment.
