Oil companies in Kenya

Last updated

As of October 2015, there were more than 60 registered oil companies in Kenya. [1]

Contents

History

The history of oil marketing in Kenya began in 1904 during colonial times. Initially, kerosene was the main import in tins but later gasoline was imported in tins and drums. [2] Royal Dutch Shell established the first depot at Shimanzi, in Mombasa, in the early 1900s. [3]

Today

On 26 August 2019 President Uhuru Kenyatta of Kenya flagged off the first consignment of 200,000 barrels of crude oil for export as the Eastern Africa nation joins the league of petroleum exporting countries. The first consignment of Kenyan crude oil which left the Port of Mombasa for Britain, makes Kenya the first Eastern Africa country to become an oil exporting nation, said Kenyatta at a ceremony in the coastal city. [4]

As of July 2018, there were over 60 registered oil companies in Kenya. [1] The industry was controlled by major companies such as Libya Oil Kenya Limited, Vivo Energy Kenya Limited and TotalEnergies with competition from some locally established companies such as KenolKobil, Kenya National Oil Corporation, Tosha and Dalbit Petroleum. At that time, the shareholding among the oil marketing companies in Kenya, were as illustrated in the table below: [5]

Market Sharing Among Oil Marketing Companies In Kenya Between January And March 2018
RankName of CompanyMarket Share
1 Vivo Energy Kenya
28.0
2 Total Kenya Limited
23.1
3 KenolKobil
9.9
4 National Oil Corporation of Kenya
7.4
5 Ola Energy Kenya
7.2
6Over 45 other companies
24.4
Total
100.00

As of December 2023, the shareholding among the oil majors in Kenya was as illustrated in the table below: [6]

Market Sharing Among Oil Marketing Companies In Kenya In April 2022
RankName of CompanyMarket Share
1 Vivo Energy Kenya
22.07
2 Total Kenya Limited
14.88
3 Rubis Kenya Limited
14.05
4 Ola Energy Kenya
7.06
5Over 45 other companies
41.94
Total
100.00

See also

Related Research Articles

The economy of Kenya is market-based with a few state enterprises. Kenya has an emerging market and is an averagely industrialised nation ahead of its East African peers. Currently a lower middle income nation, it plans to be a newly industrialised nation by 2030. Major industries include financial services, agriculture, real estate, manufacturing, logistics, tourism, retail and energy. As of 2020, Kenya had the third largest economy in Sub-Saharan Africa, behind Nigeria and South Africa. By 2023, the country had become Africa's largest start-up hub by both funds invested and number of projects.

Trafigura is a multinational commodity trading company domiciled in Singapore with major regional hubs in Geneva, Houston, Montevideo and Mumbai, founded in 1993. The company trades in base metals and energy. It is the world's largest private metals trader and second-largest oil trader having built or purchased stakes in pipelines, mines, smelters, ports and storage terminals.

<span class="mw-page-title-main">China–Kenya relations</span> Bilateral relations

China–Kenya relations refer to the bilateral relations between the People's Republic of China and Kenya. The two countries established relations in 1963, suspended ties temporarily in 1967, but ultimately re-established diplomatic relations in 1978. Since then, they have significantly expanded their economic and investment agreements, such that China is currently Kenya's largest trading partner. While the robust trade, investment, and Chinese-led infrastructure projects have benefitted Kenya's overall development and have been labelled by both governments as "win-win" collaborations, local media and foreign analysts have increasingly criticized both the potential consequences of Kenya's loans from China as well as Kenya's overall economic dependence on foreign capital and products. The most ambitious collaboration, the Standard Gauge Rail that was planned to connect Nairobi, Kenya, Uganda, South Sudan, and Rwanda using Chinese financing and contractors, has attracted even more controversy due to financial complications, questions on the legality of its tender process, and the alleged collateralization of Kenya's Mombasa port.

Kenya Pipeline Company (KPC) is a state corporation that has the responsibility of transporting, storing and delivering petroleum products to the consumers of Kenya by its pipeline system and oil depot network.

<span class="mw-page-title-main">I&M Bank Limited</span> Commercial bank in Kenya

I&M Bank Kenya Limited, is a commercial bank in Kenya, the largest economy in the East African Community. It is licensed by the Central Bank of Kenya, the central bank and national banking regulator.

<span class="mw-page-title-main">Davis & Shirtliff</span>

The Davis & Shirtliff is a supplier of water related equipment in the East African region. Founded in Kenya in 1946, business activities are focused on six principal product sectors - water pumps, boreholes, swimming pools, water treatment, generators, solar energy equipment and irrigation. The group operates through a network of national branches as well as regional subsidiaries in Uganda, Tanzania, Zambia, Rwanda, South Sudan, Democratic Republic of the Congo, Zimbabwe and a partnership in Ethiopia.

<span class="mw-page-title-main">Chase Bank Kenya</span> Commercial bank in Kenya

Chase Bank Kenya Limited(CBK), commonly referred to as Chase Bank, was a commercial bank in Kenya, licensed by the Central Bank of Kenya, the central bank and national banking regulator.

Gulf African Bank (GAB), whose full name is Gulf African Bank Limited, is a commercial bank in Kenya operating under an Islamic banking regime. It is licensed by the Central Bank of Kenya, the central bank and national banking regulator.

<span class="mw-page-title-main">Energy in Kenya</span>

This article describes energy and electricity production, consumption, import and export in Kenya. Kenya's current effective installed electricity capacity is 2,651 megawatts (MW), with peak demand of 1,912 MW, as of November 2019. At that time, demand was rising at a calculated rate of 3.6 percent annually, given that peak demand was 1,770 MW, at the beginning of 2018. Electricity supply is mostly generated by renewable sources with the majority coming from geothermal power and hydroelectricity.

The petroleum industry in Kenya is relatively new in terms of mining and exploration. British firm Tullow Oil began operations in Kenya in 2010 after signing agreements with Africa Oil and Centric Energy, purchasing a 50% interest in five onshore licences. In 2012, the Ngamia-1 exploration well was a success and has since been followed by further exploration in the South Lokichar Basin.

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 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.

<span class="mw-page-title-main">Kenya–Zambia relations</span> Bilateral relations

Kenya–Zambia relations are bilateral relations between Kenya and Zambia. Zambia is a partner of Kenya in many areas particularly trade, energy and agriculture.

<span class="mw-page-title-main">Kenya–Oman relations</span> Bilateral relations

Kenya–Oman relations are bilateral relations between Kenya and Oman. Both countries are members of the Indian-Ocean Rim Association and Group of 77.

Bank of India (Kenya) is a commercial bank in Kenya. It is one of the commercial banks licensed by the Central Bank of Kenya, the national banking regulator.

KenolKobil Plc, is a pan African downstream oil company. The group's operations span seven countries across Eastern, Central and Southern Africa and encompass the supply, storage, distribution and retail of a wide range of petroleum products.

The Mombasa–Nairobi Standard Gauge Railway, completed in 2017, was built as the first phase of the Kenya Standard Gauge Railway. It is a standard-gauge railway (SGR) in Kenya that connects the large Indian Ocean city of Mombasa with Nairobi, the country's capital and largest city. This SGR runs parallel to the narrow-gauge Uganda Railway that was completed in 1901 under British colonial rule. The East African Railway Master Plan provides for the Mombasa–Nairobi SGR to link with other SGRs being built in the East African Community.

<span class="mw-page-title-main">East African Crude Oil Pipeline</span> Pipeline from Uganda to Tanzanian coast

The East African Crude Oil Pipeline (EACOP), also known as the Uganda–Tanzania Crude Oil Pipeline (UTCOP), is a 1,443 km crude oil pipeline in planning since 2013, with a foundation stone nominally under construction since 2017 and intended to transport crude oil from Uganda's Tilenga and Kingfisher oil fields to the Port of Tanga, Tanzania on the Indian Ocean.

Kenya Crude Oil Pipeline, also Lokichar–Lamu Crude Oil Pipeline, is a proposed crude-oil pipeline in Kenya. The pipeline will originate in the oil-rich South Lokichar Basin, near the town of Lokichar, in northwest Kenya to end at Port Lamu, on the Indian Ocean. The route will remain as originally planned in the Uganda–Kenya Crude Oil Pipeline, in August 2015. The route, was proposed by Toyota Tsusho, the consultant selected by the two governments of that now-abandoned project.

There are several classes of oil companies in Uganda. One class is that of oil exploration companies. The other class in one of oil marketing companies. Another class is that of oil distribution companies. Some companies fall in more than one class. There are more companies in the space than are listed on this page.

<span class="mw-page-title-main">Austria–Kenya relations</span> Bilateral relations

Bilateral relations exist between Austria and Kenya.

References

  1. 1 2 Sumayya Hassan–Athmani (Chief Executive Officer of National Oil Company) (26 October 2015). "Overview of The Oil and Gas Sector In Kenya". Nairobi: Rich.co.ke. Retrieved 31 July 2018.
  2. University of Illinois. "Annual Colonial Reports: Report Number 519, East Africa Protectorate: Report for 1905-1906" (PDF). Urbana, Illinois: University of Illinois . Retrieved 31 July 2018.
  3. Muema, Paul (October 2014). "Strategies Adopted By Oil Marketing Firms In Kenya To Remain Competitive" (Paper Submitted In Partial Satisfaction of the Requirements for the Degree of Master of Business Administration of the University of Nairobi). University of Nairobi . Retrieved 21 July 2018.
  4. Tsvetana Paraskova (2 August 2019). "Kenya To Export Its First Ever Batch Of Crude". Oilprice.com. London, England, United Kingdom. Retrieved 19 August 2023.
  5. Otuki, Neville (29 July 2018). "KenolKobil Cedes Biggest Market Share In First Quarter". Business Daily Africa . Nairobi. Retrieved 31 July 2018.
  6. John Mutua (8 April 2024). "Rubis gains market share as major competitors lose". Business Daily Africa . Nairobi, Kenya. Retrieved 9 April 2024.