Medic Holdings News & Updates – Oil, Commodities, and Industry Insights
Welcome to the News & Updates section of Medic Holdings Limited. This is where we share our latest milestones, strategic expansions, and industry insights with our valued partners, clients, and stakeholders. From developments in petroleum logistics across East Africa to the global reach of our operations in the UAE, this space reflects our commitment to transparency, innovation, and growth.
Through these updates, we aim to keep you informed about critical shifts in the energy and commodities landscape—including news on crude oil supply chains, regional infrastructure projects, and our new ventures in wheat and coffee trading. Whether you’re a government partner, fuel retailer, investor, or curious visitor, you’ll find valuable content to help you understand the bigger picture of what we do and why it matters.
As we continue to grow—from our founding in Uganda in 2013 to the launch of our Dubai-based Medek PTL FZE—this blog will document our journey and the industry trends shaping our future. Check back often to explore how Medic Holdings is fueling East Africa and connecting local business with global opportunity.
Kenya Renews Oil Supply Deals with Gulf Giants – 180-Day Credit Secured
In April 2025, the Government of Kenya made headlines by renewing its petroleum import agreements with three Gulf oil-exporting giants—Abu Dhabi National Oil Company (ADNOC), Saudi Aramco, and Emirates National Oil Company (ENOC)—under favorable credit terms. This...
Medic Holdings Eyes Regional Dominance with Dubai-Based Trading Operations
Medic Holdings Limited, a leading bulk petroleum marketing company in East Africa, is making a bold strategic move to establish a stronger presence in the global energy market through its Dubai-based trading arm, Meedek PTL FZE. This expansion is not merely about...
East Africa to the Middle East: How Medic Holdings Connects Energy Markets
In an increasingly interconnected global economy, energy is not just a local need—it is a global imperative. For a region like East Africa, which is experiencing rapid industrialization, urbanization, and population growth, energy security has become a top priority....
Uganda Passes EACOP Bill – Establishes Legal Framework for Pipeline
On December 9, 2021, Uganda’s Parliament took a historic step by passing the East African Crude Oil Pipeline (EACOP) Bill, establishing a clear legal framework to guide the development and management of the 1,443-kilometer pipeline project. The bill signaled Uganda’s...
The Strategic Advantage of Operating in the Umm Al Quwain Free Trade Zone
In 2024, Medic Holdings Limited took a bold step toward international expansion by registering its new subsidiary, Meedek PTL FZE, in the Umm Al Quwain Free Trade Zone (UAQ FTZ) of the United Arab Emirates. This move was not coincidental — it was a carefully...
Ugandan Firms Awarded $1.8 Billion in Oil Contracts – Boosting Local Content
In March 2024, the Petroleum Authority of Uganda (PAU) officially announced that Ugandan companies had been awarded contracts worth over $1.8 billion under the country’s oil development projects. This announcement not only reinforced Uganda’s commitment to the "Buy...
Meet Meedek PTL FZE – Our International Arm for Oil and Commodity Logistics
Medic Holdings Limited, a leading bulk petroleum marketing company in East Africa, has strategically expanded its operations to Dubai. This decision was driven by Dubai’s unparalleled access to global trade networks, world-class banking infrastructure, and a...
Medic Holdings Targets Global Capital – What Our UAE Expansion Means for Investors
Medic Holdings Limited, East Africa's premier bulk petroleum marketing company, has embarked on a transformative journey by establishing Meedek PTL FZE in Dubai. This strategic expansion represents far more than geographic growth—it's a fundamental restructuring of...
Why We Chose Dubai for Expansion – Access to Global Networks and Banking
Medic Holdings Limited, a leading bulk petroleum marketing company in East Africa, has strategically expanded its operations to Dubai. This decision was driven by Dubai’s unparalleled access to global trade networks, world-class banking infrastructure, and a...
$3.55 Billion Secured for EACOP – Welding and Construction in Full Swing
In a landmark development for East Africa’s energy landscape, January 2025 marked the successful close of a $3.55 billion financing package for the East African Crude Oil Pipeline (EACOP). This milestone arrives after months of uncertainty in 2024, during which the...
EACOP Faces Financing Roadblocks – Debt Talks Hit Snags in Late 2024
The East African Crude Oil Pipeline (EACOP), one of the continent’s most ambitious infrastructure projects, encountered a significant financing hurdle in October 2024, threatening the momentum it had built over the past few years. With construction already underway...
From Oil to Wheat and Coffee: Medic Holdings’ Strategic Expansion into Commodity Trade
For over a decade, Medic Holdings Limited has played a vital role in powering East Africa’s growth through the efficient sourcing, supply, storage, and distribution of petroleum products. Since its founding in 2013 in Uganda, the company has become a trusted name...
How Our New Commodity Division Helps Stabilize Supply Chains in East Africa
Medic Holdings Limited, a leader in East Africa’s petroleum sector, has expanded into commodity trading through its Dubai-based subsidiary, Meedek PTL FZE. This strategic move addresses critical supply chain vulnerabilities in the region, particularly in food security...
EACOP Costs Surge to $5 Billion – Stakeholders Tackle Financing Challenges
The East African Crude Oil Pipeline (EACOP) represents one of the most significant energy infrastructure projects currently underway in Africa. Designed to transport crude oil from Uganda's Lake Albert oilfields to the Tanzanian port of Tanga, this 1,443-kilometer...
Tanzania Signs Host Government Agreement with TotalEnergies for EACOP
In 2020, Tanzania signed a pivotal Host Government Agreement (HGA) with TotalEnergies (then Total S.A.) to solidify the legal and operational framework for the East African Crude Oil Pipeline (EACOP). This agreement marked a significant milestone in the development of...
2021 EACOP Deal Signed: Museveni, Suluhu, Total & CNOOC Seal Project Agreement
The East African Crude Oil Pipeline (EACOP) project represents one of the most significant energy infrastructure developments in East Africa. On April 11, 2021, a landmark agreement was signed between Uganda, Tanzania, TotalEnergies, and CNOOC, marking a critical...
TotalEnergies Strikes Deal with Uganda – EACOP Progress Revived in 2020
On April 11, 2020, amidst global pandemic lockdowns, TotalEnergies (then Total SA) and the Ugandan government signed a landmark agreement that revived the stalled East African Crude Oil Pipeline (EACOP) project. This $5 billion megaproject—which had languished since...
Kenya’s Lokichar–Lamu Pipeline Faces Delay – Completion Moved to 2025
In 2018, Kenya announced a significant delay to its Lokichar-Lamu crude oil pipeline, pushing the expected completion date from 2022 to 2025. This postponement dealt a blow to Kenya’s aspirations of becoming an oil-exporting nation while reshaping regional energy...
Groundbreaking of EACOP: Museveni & Magufuli Launch Mega Pipeline Project
On August 5, 2017, Presidents Yoweri Museveni of Uganda and John Pombe Magufuli of Tanzania wielded golden shovels at a ceremony in Hoima, Uganda, to officially launch the East African Crude Oil Pipeline (EACOP). This $5 billion megaproject—the world's longest heated...
Uganda Selects Tanzania for Crude Pipeline Route in 2016
In 2016, Uganda made a landmark decision that would permanently alter the region’s oil and gas sector: it chose Tanzania as the preferred route for its crude oil export pipeline, abandoning earlier plans for a Kenyan route. This decision gave birth to the East African...
Uganda and Kenya Agree on Crude Oil Pipeline to Lamu – A Turning Point in Regional Energy
In 2013, Uganda and Kenya signed a historic Memorandum of Understanding (MoU) to construct a crude oil pipeline from Uganda’s oil fields in Hoima to Kenya’s Lamu Port. This agreement marked a turning point in East Africa’s energy sector, promising to unlock billions...
Pipeline Politics: Uganda Evaluates Routes Through Kenya and Tanzania in 2015
In 2015, Uganda faced a critical decision that would shape the future of its oil industry: choosing between Kenya and Tanzania as the primary route for its crude oil export pipeline. This evaluation sparked intense regional debate, geopolitical maneuvering, and...
How Our Dubai Office Supports Oil Procurement Across Borders
In a bold move toward enhancing global reach and streamlining its supply chain, Medic Holdings Limited has officially launched its Dubai-based subsidiary, Meedek PTL FZE. This strategic decision marks a significant milestone for the company as it positions itself at...
Medic Holdings Launches Meedek PTL FZE in Dubai – Expanding Global Oil Reach
In a bold and strategic move that marks a significant milestone in the company’s growth journey, Medic Holdings Limited is proud to announce the official registration and launch of its international subsidiary, Meedek PTL FZE, in the Umm Al Quwain Free Trade Zone,...
Uganda Finalizes $7 Billion FID for Oil Projects – $1.8 Billion to Local Firms
On February 1, 2022, Uganda achieved one of the most significant milestones in its energy history by announcing the Final Investment Decision (FID) for its long-awaited oil development projects. This moment unlocked a cascade of economic opportunities, valued at over...
Uganda Seeks Investors for $2.5B Refinery – Paving the Way for Oil Independence
In 2013, Uganda announced plans to construct a $2.5 billion oil refinery in Hoima, marking a pivotal moment in the nation's journey toward energy self-sufficiency. This ambitious project aimed to transform Uganda from a crude oil exporter to a refined petroleum...