Oil Companies in Kenya
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Oil companies in Kenya include KenolKobil, Total Kenya, and Vivo Energy Kenya. KenolKobil is one of the oldest and most established oil companies in the country, having been in operation since 1965. The company is engaged in the importation, storage, and distribution of various types of petroleum products, including gasoline, diesel, and kerosene. They also have a subsidiary company called Kobil which is engaged in the retail and wholesale distribution of fuel.
Total Kenya, a subsidiary of Total S.A, is another major player in the Kenyan oil industry. The company is involved in the importation, storage, and distribution of a wide range of petroleum products, including gasoline, diesel, and aviation fuel. They also operate a network of service stations across the country, under the Total and Elix brand names.
Vivo Energy Kenya, a subsidiary of Vivo Energy, is the distributor and marketer of Shell-branded fuels and lubricants in the country. The company operates a network of service stations under the Shell brand, and is also involved in the importation, storage, and distribution of various types of petroleum products.
In recent years, Kenya has been looking to increase its domestic production of oil and gas. The country’s oil industry is still in its infancy, with only a few small-scale exploration and production activities currently taking place. The government has put in place policies and initiatives to attract more investment in the sector, such as the launch of the Oil and Gas Exploration and Production Act in 2016, which is aimed at providing a legal and regulatory framework for the industry.
However, the oil companies in Kenya face challenges like high taxes and lack of proper infrastructure, which hinders the growth of the industry. Despite these challenges, the oil companies are working to overcome them and continue to operate in the country. They also play a significant role in the economy by providing jobs and contributing to the government’s revenue.
Overall, Kenya’s oil industry is still in its early stages, but the presence of established oil companies such as KenolKobil, Total Kenya, and Vivo Energy Kenya signals a positive outlook for the future development of the sector.
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Business Opportunities and Oil Companies in Kenya
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