The Uganda National Oil Company (UNOC), also known as the National Oil Company of Uganda, is a limited liability petroleum company in Uganda 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. Location The headquarters of UNOC are located in Fairway Tower, at 15 Yusuf Lule Road, on Nakasero Hill, in Kampala, Uganda's capital and largest city. The coordinates of UNOC headquarters are 0°19'42.0"N, 32°34'57.0"E (Latitude:0.328333; Longitude:32.582500). Overview The government of Uganda (GOU)'s goal as set out in the country's energy policy (2002) and National Oil and Gas policy (2008) is to ensure the sustainable utilization of discovered petroleum resources to contribute to early achievement of poverty eradication and create lasting value to society. One of the key objectives is to ensure an adequate, reliable, and affordable supply of quality petroleum products in the country. The petroleum deposits discovered so far are estimated at 6.5 billion barrels, of which 1.4 billion barrels are considered recoverable. The state can participate with between 15 and 20 percent in production, according to existing production-sharing agreements between the state