UNOC meaning in Business ?

Answer: What is Uganda National Oil Company mean?

The Uganda National Oil Company (UNOC), also known as the National Oil Company of Uganda, is a limited liability petroleum company in Uganda and owned by the Ugandan government. The 2013 Petroleum (Exploration, Development and Production) Act of Uganda provides for the establishment of the national oil company. UNOC's board of directors was inaugurated on 23 October 2015 by the president of Uganda.

The board is chaired by Emmanuel Katongole, an economist and businessman. He is a co-founder of Cipla Quality Chemical Industries Limited, a pharmaceutical company in eastern Africa and the major supplier of anti-retroviral medications in Uganda. He was first appointed in August 2014 and was re-appointed for another five years on 12 November 2019.

The board members include Francis Nagimesi, a former chief executive officer of the defunct Coffee Marketing Board of Uganda; Francis Twinamatsiko, a principal economist in the Ugandan Ministry of Finance, Planning and Economic Development; Grace Tubwita Bagaya Bukenya, a physical planner; Pauline Irene Batebe, a chemical/refinery engineer in the Petroleum Directorate of Uganda; Godfrey Andama, a senior geoscientist; and Stella-Marie Biwaga, a lawyer working with FIDA, Uganda. In November 2019, Zulaika Mirembe Kasaija replaced Grace Tubwita Bagaya Bukenya on the board.

In June 2016, Josephine Wapakhabulo, an electric and electronics engineer, was appointed managing director and chief executive officer of UNOC, being the first person to serve in that position. In August 2019 Wapakhabulo resigned. After serving in acting capacity for 45 days, Proscovia Nabbanja, a geologist, was confirmed as the substantive CEO, the second person to serve in that capacity.

reference

Full Form	Category
Uganda National Oil Company	Business
United Nations Operation in the Congo	General