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The Kenyan Petroleum Industry
Kenya is a net importer of petroleum products and its petroleum sector is dominated by foreign-owned companies. The sector is characterised by a large number of players that import, export, distribute and transport petroleum products. The majority of market share is held by UK-owned and JSE-listed Vivo Energy, and Nairobi Stock Exchange-listed KenolKobil and Total Kenya. Foreign investors are developing the country’s oilfields for crude oil production and exports by 2021 pending their final investment decision.
Construction of the 450km US$476.6m Mombasa-Nairobi pipeline was completed in 2018 and after commissioning it will replace the Mombasa-Nairobi pipeline that has been in operation for 40 years. Kenya’s midstream and downstream petroleum sector is characterised by aging infrastructure. The government announced in February 2019 that the country will not construct a local refinery to process crude oil from the Turkana oil fields, opting instead to export all its crude while continuing to import refined petroleum for domestic use.
This report focuses on the manufacture of petroleum products from crude oil and natural gas in Kenya, and the wholesale and retail trade of these products. Information on the manufacture of lubricating oils and greases, primarily from other organic products, as well as the manufacture of other petroleum/synthesised products is also included. There are comprehensive profiles of 27 companies including KenolKobil, which has accepted a takeover offer by Rubis and will delist from the Nairobi Stock Exchange and Vivo Energy, which took over Engen Kenya.