Oil companies in Kenya

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

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 August 26, 2019—Kenyan President Uhuru Kenyatta flagged off the first consignment of 200,000 barrels for export as the East African nation to 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 Total with competition from some locally established companies such as KenolKobil, National 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
1Vivo Energy Kenya
28.0
2Total Kenya Limited
23.1
3KenolKobil
9.9
4National Oil Corporation of Kenya
7.4
5Ola Energy Kenya
7.2
6Over 45 other companies
24.4
Total
100.00

See also

References
  1. 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. "Kenya first commercial oil export". Kenya Oil export consignment.
  5. Otuki, Neville (29 July 2018). "KenolKobil Cedes Biggest Market Share In First Quarter". Business Daily Africa. Nairobi. Retrieved 31 July 2018.
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