{"id":4745,"date":"2016-06-09T09:55:12","date_gmt":"2016-06-09T09:55:12","guid":{"rendered":"http:\/\/www.oilnewskenya.com\/?p=4745"},"modified":"2017-01-25T07:50:12","modified_gmt":"2017-01-25T07:50:12","slug":"uganda-allocates-funds-for-national-petroleum-authority-national-oil-company","status":"publish","type":"post","link":"https:\/\/www.oilnewskenya.com\/index.php\/uganda-allocates-funds-for-national-petroleum-authority-national-oil-company\/","title":{"rendered":"Uganda Allocates Funds For National Petroleum Authority & National Oil Company"},"content":{"rendered":"

The ministry of finance in Uganda has allocated $56.2 million towards Oil, Gas and Mineral Development and institutional and skills development including operationalizing the National Petroleum Authority and establishment of the National Oil Company in a budget speech read yesterday.<\/p>\n

The allocation of the funds towards the establishment of the National Oil Company comes days after the Board of Directors of the National Oil Company chaired by Emmanuel Katongole appointed Dr. Josephine Kasalamwa Wapakabulo as CEO.<\/p>\n

The Uganda National Oil Company Limited which was registered<\/a> at the end of June 2015 will carry the governments this interest for government during the exploration and development phases of the petroleum value chain and ends upon commencement of production.<\/p>\n

The National Petroleum Authority on the other hand is in charge of licensing, regulation, supervision of exploration, harvesting, refining, marketing, and disposal of petroleum products in Uganda.<\/p>\n

According to the ministry the commercialization of oil and gas resources is one of the key objectives of the Ugandan Government.<\/p>\n

On the 60,000 barrel a day Oil Refinery<\/a> project negotiations with the Lead Investor for the refinery are expected to be concluded by September 2016.<\/p>\n

Already land acquisition for the Refinery Development is 97% complete and 533 acres of land have been acquired in Kyakaboga, Buseruka sub-county, Hoima district for the physical resettlement of the Project Affected Persons who opted for resettlement.<\/p>\n

No funds were allocated to the Hoima-Tanga crude oil pipeline<\/a> as it will be developed as a private investment.<\/p>\n

Elsewhere in the region Kenya cabinet secretary for finance Henry Rotich allocated $1.2 billion to fund specific interventions in the energy sector although no breakdown was provided for the various segments.<\/p>\n

The funding will go towards: Geothermal Development; Power Transmission; Rural Electrification Programme; Last Mile Connectivity; National Street lighting Programme; Electrification of Public Facilities; Exploration and Distribution of Oil and Gas; Installation of Transformers in Constituencies; Connectivity Subsidy, and LPG Distribution and Infrastructure Programme.<\/p>\n","protected":false},"excerpt":{"rendered":"

The ministry of finance in Uganda has allocated $56.2 million towards Oil, Gas and Mineral Development and institutional and skills development including operationalizing the National Petroleum Authority and establishment of … Read More<\/a><\/p>\n","protected":false},"author":24,"featured_media":693,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[11],"tags":[837,955,3598,4565,1252,4173,3305,4564,1827,2129,2556,2603],"class_list":["post-4745","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-top-news","tag-exploration","tag-gas","tag-hoima-oil-refinery","tag-hoima-tanga-crude-oil-pipeline","tag-kenya","tag-lead-investor","tag-national-oil-company","tag-national-petroleum-authority","tag-oil","tag-refinery","tag-treasury","tag-uganda","entry"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/03\/uganda.jpg?fit=595%2C400&ssl=1","jetpack_shortlink":"https:\/\/wp.me\/p5JWkQ-1ex","jetpack-related-posts":[{"id":3165,"url":"https:\/\/www.oilnewskenya.com\/index.php\/ramboll-carry-onshore-pipeline-study-uganda\/","url_meta":{"origin":4745,"position":0},"title":"Ramboll To Carry-out Onshore Pipeline Study In Uganda","author":"","date":"July 20, 2015","format":false,"excerpt":"Uganda\u2019s Ministry of Energy and Mineral Development has awarded United Kingdom's Ramboll a contract to conduct an early-phase study for the \u201cHoima\u2013Kampala Refined Petroleum Products Pipeline\u201d in Uganda, East Africa. The project concerns a proposed pipeline to be constructed to transport products of crude oil refinement from Uganda Oil Refinery\u2026","rel":"","context":"In "Top News"","block_context":{"text":"Top News","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/top-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2015\/07\/ramboll.jpg?fit=1200%2C675&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2015\/07\/ramboll.jpg?fit=1200%2C675&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2015\/07\/ramboll.jpg?fit=1200%2C675&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2015\/07\/ramboll.jpg?fit=1200%2C675&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2015\/07\/ramboll.jpg?fit=1200%2C675&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":1348,"url":"https:\/\/www.oilnewskenya.com\/index.php\/uganda-to-train-600-students-on-oil-and-gas\/","url_meta":{"origin":4745,"position":1},"title":"Uganda to train 600 students on oil and gas","author":"Samuel Kamau Mbote","date":"July 2, 2014","format":false,"excerpt":"The Ugandan government will award 600 scholarships to students from the resource rich Albertine region to train students in oil and gas courses following $28 million loan from the World Bank. According to the New Vision the students will come from some nine districts in Western Uganda including: Hoima, Masindi,\u2026","rel":"","context":"In "News by others"","block_context":{"text":"News by others","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/news-by-others\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/02\/uganda-oil-001.jpg?fit=460%2C276&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":3221,"url":"https:\/\/www.oilnewskenya.com\/index.php\/kenya-uganda-agree-crude-oil-pipeline-route\/","url_meta":{"origin":4745,"position":2},"title":"Kenya, Uganda agree on crude oil pipeline route","author":"","date":"August 9, 2015","format":false,"excerpt":"The governments of Kenya and Uganda have announced that they have agreed on the route to be taken by the crude oil pipeline that will transport oil from the Albertine and Lokichar basins. 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