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.

In April 2025, Kenya extended its petroleum supply deals with three Gulf exporters, locking in oil security on favorable credit terms.

Kenya Renews Oil Supply Deals with Gulf Giants – 180-Day Credit Secured

Apr 17, 2025

Our move to Dubai through Meedek PTL FZE isn’t just expansion—it’s a strategic pivot to become a top-tier petroleum and commodity trading powerhouse in Africa.

Medic Holdings Eyes Regional Dominance with Dubai-Based Trading Operations

Apr 16, 2025

Through Meedek PTL FZE, Medic Holdings bridges East African demand with Middle Eastern oil supply, enhancing efficiency and reliability in the petroleum supply chain.

East Africa to the Middle East: How Medic Holdings Connects Energy Markets

Oct 31, 2024

In December 2021, Uganda's Parliament passed a special bill for EACOP, reinforcing the country’s commitment to safe and regulated oil infrastructure.

Uganda Passes EACOP Bill – Establishes Legal Framework for Pipeline

Oct 31, 2024

Learn why Medic Holdings chose the UAE's Umm Al Quwain FTZ for Meedek PTL FZE—offering tax incentives, global banking access, and easier international operations.

The Strategic Advantage of Operating in the Umm Al Quwain Free Trade Zone

Oct 30, 2024

In March 2024, the Petroleum Authority of Uganda confirmed local firms secured $1.8B in oil deals, advancing Uganda’s “Buy Uganda, Build Uganda” vision

Ugandan Firms Awarded $1.8 Billion in Oil Contracts – Boosting Local Content

Aug 17, 2024

Explore how Meedek PTL FZE enhances Medic Holdings' logistics, staff acquisition, and financing as we expand beyond Uganda into global trading arenas.

Meet Meedek PTL FZE – Our International Arm for Oil and Commodity Logistics

Jun 18, 2024

With Medek PTL FZE, Medic Holdings accesses international banking and capital markets, positioning itself for large-scale growth in oil and commodity sectors.

Medic Holdings Targets Global Capital – What Our UAE Expansion Means for Investors

Jun 15, 2024

Dubai offers strategic proximity to global trade hubs, large financial institutions, and a supportive business environment—ideal for Medic Holdings’ global ambitions.

Why We Chose Dubai for Expansion – Access to Global Networks and Banking

Jun 10, 2024

January 2025 marked a breakthrough as Uganda and Tanzania secured $3.55B for EACOP, pushing pipeline welding and construction ahead of schedule.

$3.55 Billion Secured for EACOP – Welding and Construction in Full Swing

May 3, 2024

October 2024 saw delays in EACOP financing, as major lenders hesitated and developers sought alternative funding to avoid project disruption.

EACOP Faces Financing Roadblocks – Debt Talks Hit Snags in Late 2024

Apr 17, 2024

Diversification is key—Medic Holdings now trades in wheat and coffee, leveraging its logistics network and Dubai presence to meet growing demand in East Africa.

From Oil to Wheat and Coffee: Medic Holdings’ Strategic Expansion into Commodity Trade

Apr 17, 2024

Through Meedek PTL FZE, Medic Holdings now facilitates the steady supply of essential goods like wheat and coffee to East Africa, supporting food and trade security.

How Our New Commodity Division Helps Stabilize Supply Chains in East Africa

Apr 17, 2022

In August 2021, EACOP project costs climbed to $5 billion, triggering equity adjustments as East Africa balanced energy development with financial realities.

EACOP Costs Surge to $5 Billion – Stakeholders Tackle Financing Challenges

Aug 17, 2021

Tanzania and TotalEnergies finalized a critical agreement in 2020 to support EACOP's legal and operational framework, strengthening project execution.

Tanzania Signs Host Government Agreement with TotalEnergies for EACOP

May 20, 2021

In a major regional milestone, Uganda and Tanzania signed final EACOP agreements with Total and CNOOC, unlocking multi-billion-dollar investments.

2021 EACOP Deal Signed: Museveni, Suluhu, Total & CNOOC Seal Project Agreement

Apr 11, 2021

Uganda and TotalEnergies reached a key agreement in 2020, reviving hopes for EACOP completion and energizing investment in the country's oil sector.

TotalEnergies Strikes Deal with Uganda – EACOP Progress Revived in 2020

Apr 11, 2020

Kenya’s dream of exporting oil through Lamu Port faced delays in 2018 as the Lokichar–Lamu pipeline project timeline was pushed to 2025.

Kenya’s Lokichar–Lamu Pipeline Faces Delay – Completion Moved to 2025

Jun 17, 2018

In August 2017, presidents Museveni and Magufuli officially launched EACOP, solidifying cooperation between Uganda and Tanzania on regional oil logistics.

Groundbreaking of EACOP: Museveni & Magufuli Launch Mega Pipeline Project

Aug 5, 2017

Uganda's 2016 decision to build its pipeline through Tanzania reshaped East Africa’s oil landscape, giving rise to the East African Crude Oil Pipeline (EACOP) project.

Uganda Selects Tanzania for Crude Pipeline Route in 2016

Jan 22, 2016

In 2013, Uganda and Kenya signed a landmark agreement to construct a crude oil pipeline to Lamu Port. This move aimed to boost oil exports and integrate East Africa's petroleum logistics.

Uganda and Kenya Agree on Crude Oil Pipeline to Lamu – A Turning Point in Regional Energy

Aug 17, 2015

As East Africa's oil sector expanded, Uganda assessed pipeline routes in 2015, sparking regional debate over strategic crude oil transport corridors.

Pipeline Politics: Uganda Evaluates Routes Through Kenya and Tanzania in 2015

Jan 15, 2015

With Meedek PTL FZE established in Dubai, Medic Holdings gains leverage in negotiating oil contracts, lowering procurement costs, and streamlining global trade processes.

How Our Dubai Office Supports Oil Procurement Across Borders

Jun 17, 2013

In 2024, Medic Holdings Limited registered Meedek PTL FZE in the UAE's Umm Al Quwain Free Trade Zone to boost oil procurement, access global markets, and secure international financing.

Medic Holdings Launches Meedek PTL FZE in Dubai – Expanding Global Oil Reach

Jun 14, 2013

Uganda’s 2022 Final Investment Decision released $7.16 billion in oil contracts, with a strong push to empower local businesses with $1.8 billion in deals.

Uganda Finalizes $7 Billion FID for Oil Projects – $1.8 Billion to Local Firms

Apr 30, 2013

Uganda made headlines in 2013 by inviting investors for a $2.5 billion oil refinery project, signaling its commitment to process and refine oil locally to strengthen energy autonomy.

Uganda Seeks Investors for $2.5B Refinery – Paving the Way for Oil Independence

Feb 25, 2013