The Big Story

MOGAS satisfies court on its reorganisation; court maintains 6 months protection period against Stanbic Bank

by Nelson Namboole
Founded in 1987, MOGAS is an integrated regional downstream oil marketing company with business operations ranging from international oil trading to marine and inland terminals, retail networks and lubrication services. With operations in Uganda, Kenya, Tanzania, Rwanda, Burundi, the Democratic Republic of Congo (DRC), as well as a presence in the United Arab Emirates (UAE).
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The High Court in Kampala has extended, by 3 months, its earlier 6 months injunction against Stanbic Bank’s attempts to enter Maestrol Oil and Gas Solutions - MOGAS Uganda Limited into receivership. This, maintains the 6 months period given to the company, one of the region’s leading operators in the fuels and LPG wholesale and retail markets to secure financing and or investment to enable

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