Commodities

Uganda Begins Direct Importation of Fuel Via Port of Mombasa

The unloading of the consignment is currently underway at the state-of-the-art 40-billion shillings Kipevu Oil Terminal 2.

July 4, 2024
713 1 minute read
Uganda Begins Direct Importation of Fuel Via Port of Mombasa

The inaugural shipment of imported petroleum products has now broken the longstanding dominance of Kenyan Oil Marketing Companies in supplying fuel to Uganda.

Uganda will utilize the facilities of the Port of Mombasa alongside the infrastructure of the Kenya Pipeline Company for the transfer of fuel, following an agreement which was signed between Nairobi and Kampala in May this year.

With a cargo of over 60,000 metric tons of petrol earmarked for Uganda, the first vessel, Navig8 Matines, made its arrival at the port of Mombasa on Wednesday afternoon.

Kipevu Oil Terminal 2

The unloading of the consignment is currently underway at the state-of-the-art 40-billion shillings Kipevu Oil Terminal 2.

Also Read: Port of Mombasa records high transshipment traffic over delays in Tanzania

The terminal boasts a substantial capacity of 24 million metric tonnes.

The facility is designed to eradicate demurrage costs and is distinguished by its offshore island terminal equipped with four berths, each spanning 770 meters.

Petroleum Supply Amendment Act of 2003

It is capable of accommodating multiple vessels simultaneously.

Uganda accorded exclusive authority to the Uganda National Oil Company for the direct procurement of petroleum products by the ratification of the Petroleum Supply Amendment Act of 2003.

Museveni will henceforth, independently import diesel, petrol, aviation fuel, crude oil, and even liquefied petroleum gas via the Mombasa port.

Logistics are anticipated as the products are slated to be transported through the infrastructure of the Kenya Pipeline to Kisumu or Eldoret, facilitating onward delivery to Uganda.

July 4, 2024
713 1 minute read
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Lawrence Baraza

Lawrence Baraza is a dynamic journalist currently overseeing content at Metropol TV Digital. With a keen focus on business news and analytics, Lawrence guides the platform in delivering insightful, data-driven content that empowers its audience to make informed decisions. Lawrence’s commitment to quality and his ability to anticipate market trends make him a key figure in the digital media landscape. His work continues to shape the way business news is consumed, making a significant impact in the field.

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