The Chief Executive Officer of Uganda National Oil Company (UNOC) Limited, Ms. Proscovia Nabbanja has emerged the Public Sector Global ‘CEO of the week’. She is our CEO of the week from the month July 16th to 22nd July, 2023.
She has over 2 decades worth of experience in the oil and gas industry. She holds a certificate in International Petroleum, Oil and Gas Management awarded by the Institute for Petroleum Management Inc., in Austin, Texas, United States.
Nabbanja has previously served several notable bodies lying platforms for her current position as a female who heads operations at the National Oil Company.
Being in office since October 2019, Nabbanja has embarked on several activities in honest to better drive sustainable growth in the oil and gas sector through strategic partnerships and championing national participation. Some strategic moves she has made includes the below;
Nabbanja administration on March 2020 launched its bulk trading of petroleum products business. This move since then enabled the company to import and sell petroleum products in bulk to registered local oil marketing companies (OMCs), hence the term bulk trading. Officials at the company described this as the “start of a long journey expected to strategically position UNOC, with Government support, within the petroleum products supply chain.”
In ensuring the sustainability of petroleum production through reserves replacement for the country, Nabbanja leadership working closely in-hand with the Minister (MEMD), Hon. Ruth Nankabirwa has acquired a petroleum exploration license for Kasuruban, an oil and gas block in Western Uganda. The Company has also signed a Production Sharing Agreement (PSA) with the Ministry of Energy and Mineral Development (MEMD). This followed cabinet approval to award UNOC an exploration license and sign the PSA on 9th January 2023.
The signing of the PSA and issuance of license gives UNOC the opportunity to undertake its first exploration work as a national oil company in the pursuit of establishing additional petroleum resources and reserves for the country.
The company lead by Nabbanja on March 14, 2023 signed a memorandum of understanding with a Algerian Oil Company aimed at evaluating cooperation opportunities in the field of hydrocarbons. Through this agreement, Nabbanja seeks to develop partnership opportunities with Algerian Companies so as to enable better use of the capacities available to both parties.
According to reports, this memorandum of understanding is part of Nabbanja’s strategic orientation targeting African markets and aiming to strengthen its presence at the continental and regional level.
This amongst other significant moves Nabbanja administration has done in these global striving times.
The highly rated CEO of the week is a weekly accreditation of Top performing CEO’s whose policies and leadership have brought transformation to society. This publication is targeted at showcasing the achievements of CEOs across the world.
