In Kenya, we currently have over 60 registered Oil companies, with the biggest market shareholder being Vivo Energy. Its market share is at 28.0%, followed by Total Kenya at 23.1%. Other well-known oil marketing companies consist of: Rubis, National Oil Corporation, Engen and Ola Energy.
How many oil marketing companies are there in Kenya?
The current data from Petroleum Institute of East Africa (PIEA), indicate that there are96 oil marketing companies in Kenya operating over 3,000 service stations. More than half of these service stations are owned by independent players.
How is the oil industry controlled in Kenya?
Currently, the oil industry is controlled by importation and refining. The Kenyan petroleum industry contributed an estimated 2.8% to GDP in 2016 with net domestic sales of petroleum products increased by 6.5% to 5,044.2 thousand tonnes.
What is Kenya’s oil shipment?
The shipment isan accumulation of oil produced since Kenya began pumping in June 2018 at up to 2,000 barrels a day. Kenya first announced on March 26, 2012, its first oil discovery, in Turkana where Africa – focused British firm Tullow Oil Plc has been exploring for oil, and was now checking on the commercial viability of the find.