Oil companies in Kenya explained

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 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. 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! Rank !!Name of Company!!Market Share
1
2 Total Kenya Limited
3
4
5
6 Over 45 other companies
Total

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! Rank !!Name of Company!!Market Share
1
2 Total Kenya Limited
3
4
5 Over 45 other companies
Total

See also

External links

Notes and References

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