Home » News » Business » Wapakhabulo’s Daughter Appointed As The 1st ED Of National Oil Company
Wapakhabulo

Wapakhabulo’s Daughter Appointed As The 1st ED Of National Oil Company

The Uganda National Oil Company (Noc) board yesterday announced the appointment of Dr Josephine Kasalamwa Wapakhabulo, as the first ever chief executive officer of the oil body.[4]

Check Also: Singapore Advises Uganda To Forget Oil, Concentrate On Agriculture

Dr Wapakhabulo, [2]daughter of the late Speaker of Parliament James Wapakhabulo, beat three other contenders, according to sources familiar with the search process.

These included Mr Dozith Abeinomugisha, [1]assistant commissioner in the petroleum directorate, Mr Abdul Byakagaba, formerly with government’s Petroleum Exploration and Production Department (PEPD) and currently employed by Tullow Oil, and assistant commissioner for Pipelines Development in the Petroleum Directorate, Mr John Bosco Habomugisha.

The board chaired by businessman Emmanuel Katongole, [10]in the notice of appointment, said: “Dr Wapakhabulo will lead the set-up of Noc and manage its transformation into a world class oil and gas company as the country prepares for commercial oil production.”

Josephine Wapakhabulo has landed on a big job! 😛

She holds a Global Executive MBA from INSEAD Business School in France, a PhD in Information Science, a Master’s in Information Technology and a Bachelor’s Degree in Electronic and Electrical Engineering from Loughborough University in the UK. [4]She is also a registered Chartered Engineer in the Institute of Engineering and Technology in the UK.

Daily Monitor last month broke the story about fight for the Noc jobs, [2]after some distressed candidates petitioned the Inspector General of Government Irene Mulyagonja to halt the entire process alleging short-circuiting of processes. The IGG said they would look into the matter.

The Noc board this February put up a notice of recruitment for several positions, notably the CEO, Chief Exploration Manager, [1]Chief Development and Operations Manager, Legal and Corporate Affairs Manager, Human Resource, and Finance/Administration Manager.

Sources told Daily Monitor that 37 candidates applied for the job.

The government in June last year incorporated the Noc under the Companies Act, 2012,[9] by the Uganda Registration Services Bureau (URSB), as a private company limited by shares wholly owned by government. The Ministry of Energy owns 51 per cent stake and and Finance ministry owns 49 per cent shares in the company.

The Noc will also manage the country’s 40 percent stake in the proposed Greenfield Oil refinery, [7]whose tender for financing and construction was early last year awarded to RT Global Resources, a Russian consortium and negotiations are ongoing but government officials say are in the final stage. [4]The body will also manage the country’s stake in the proposed crude oil export pipeline, to be developed under a Public-Private-Partnership.

According to the PEPD Act, the Noc is also charged with managing the marketing of the country’s share of petroleum received in kind, [3]develop in depth expertise in the oil and gas industry, and to investigate and propose new upstream, midstream and downstream ventures initially locally but later internationally.[1]

Source: Monitor

Check Also;

This is not a Paywall, but Newslex Point's journalism consumes a lot of time, hard-work and money. That's why we're kindly requesting you to support us in anyway they can, for as little as $1 or more, you can support us .

Please use the button below to contribute to Newslex Point, Inc. using a credit card or via PayPal.

Donate Button with Credit Cards

Comments

comments

Loading...

About frank mubiru

Posted by Mubiru Frank, senior news reporter & Editor

Leave a Reply

Your email address will not be published. Required fields are marked *

*

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Loading...
x

Check Also

Japanese whisky turns 100 as demand shoots up

Japanese Whisky Turns 100 As Demand Shoots Up

As demand for Japanese whisky soars, one of the country’s must-have brands, Suntory’s Yamazaki, is ...