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.
What is the petroleum industry like in Kenya?
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.
What is the market share of oil & gas industry in Kenya?
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. By Michelle Makena Oil and Gas industry is considered one of the biggest sectors in the world in terms of monetary value.
Who are the major players in the Kenyan downstream petroleum market?
There are profiles of 26 companies including Rubis Energy Kenya, the largest player in the Kenyan downstream petroleum market and other major players such as Total Kenya, Vivo Energy, OLA Energy and the National Oil Corporation of Kenya. 1. INTRODUCTION
Why has Kenya extended oil supply deal with three Gulf-based companies?
NAIROBI, Sept 19 (Reuters) – Kenya has extended an oil supply deal with three Gulf-based companies, which is designed to manage demand for dollars, the energy regulator said on Tuesday.
Who regulates oil in Kenya?
Oil is regulated by the Energy Regulation Commission and the Ministry of Mining. Current traders include the National Oil Corporation of Kenya, Shell, Tullow Oil, KenolKobil, MOGAS, Hass, Hashi Energy, Gulf Energy, Olympic, Dalbit Petroleum, Petrocam. In August, 2019. Kenya exported its first crude oil from the port of Mombasa.