Uganda To Cut Off Kenya In Oil Imports
Yoweri Museveni/Image Courtesy
Ugandan President Yoweri Kaguta Museveni through the country’s Ministry of Energy is working on a plan to cut its reliance on Kenya for fuel imports.
In the proposed bill tabled before their National Assembly, the Uganda National Oil Company (UNOC) will have the mandate of sourcing and importing petroleum products for oil marketing companies (OMCs) in the country.
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Energy Minister Ruth Nankabirwa Ssentamu noted that they have been subjected to high fuel prices due to oil deal between Kenya, Saudi and United Arab Emirates (UAE) firms.
“Despite the price-competitive nature of the Open Tender System in Kenya and its relatively normal supplies, it exposed Uganda to occasional supply vulnerabilities where the Ugandan OMCs were considered secondary whenever there were supply disruptions”
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“These vulnerabilities paused additional challenges, resulting in Uganda receiving relatively costly products and ultimately impacting the retail pump prices.
“The Uganda National Oil Company (UNOC) will be responsible for sourcing and supplying petroleum products to the licensed Oil Marketing Companies (OMCs) involved in importing the products to Uganda”
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