UGANDA NATIONAL OIL COMPANY SIGNS MOU WITH ALGERIAN OIL COMPANY
The Presidents of Uganda and Algeria oversaw the signing of a memorandum of understanding between Sonatrach (Algeria’s national oil company) and the Uganda National Oil Company (UNOC) on March 12th, 2023. The MOU aims to jointly assess cooperation opportunities across the entire oil and gas value chain (exploration, production, marketing, processing and other downstream activities).