Uganda Moves to Edge Out Kenya in New Petroleum Import Proposal
11.06.2023 By Tank Terminals - NEWS

November 6, 2023 [The East African]- The open tender system used by Ugandan companies to buy petroleum products from Kenya is in its final days after Energy Minister Ruth Nankabirwa tabled the Petroleum Supply (Amendment) Bill 2023 in parliament, seeking to empower government-owned Uganda National Oil Company (Unoc) to take over the supply of oil.


The government had met with over 40 fuel companies under the Sustainable Energies and Petroleum Association (Sepa), to discuss a Cabinet resolution on the importation of refined petroleum and related products.

According to the Cabinet resolution, announced by Ms Nankabirwa, Unoc will be the sole importer of petroleum and related products, supplied by Vitol Group. Unoc will then sell to private oil marketing companies.

“Unoc and Vitol Bahrain E.C have negotiated a five-year contract, and the partner (Vitol) will be financing the business by providing a working capital,” she said, adding: “Using Kenyan importers had exposed Uganda to occasional supply vulnerabilities where the Ugandan retail companies were considered secondary whenever there were supply disruptions, which affected retail prices.”

“Kenya has for decades decided what petroleum products Uganda buys, when, from where, how much, who buys and at what price,” Ms Nankabirwa added.


Pro Trial: Access 12,600 Tank Terminal and Production Facilities

12,600 tank storage and production facilities as per the date of this article. Click on the button and register to get instant access to actionable tank storage industry data

Hiap Huat JV Co to Build RM100m Liquid Bulk Storage Terminal in West Port Over Five Year Period
06.21.2024 - NEWS
June 21, 2024 [New Straits Times]- Hiap Huat Holdings Bhd’s joint venture company with KL P... Read More
Madrid-Based Company FRV Announces Plans to Develop Green Hydrogen Project in Brazil
06.21.2024 - NEWS
June 21, 2024 [Bioenergy Times]- FRV, a renewable energy development company based in Madrid and ... Read More
China's Wison New Energies to Quit Russian Projects in Blow to Arctic LNG 2
06.21.2024 - NEWS
June 21, 2024 [Reuters]- Chinese engineering firm Wison New Energies has decided to discontinue a... Read More
TotalEnergies, NNPC Take FID on New Gas Project to Supply Nigeria LNG Plant
06.21.2024 - NEWS
June 21, 2024 [LNG Prime]- France’s TotalEnergies and Nigeria’s NNPC have taken the final inv... Read More