Nairobi — State-owned National Oil Corporation is expanding its reach in the lucrative petroleum exports market as part of its growth strategy, following the recent launch of a unit that will serve budding customers across East Africa.
The firm noted that with the recent positive business developments in East and Central Africa, they are looking at tapping into the growing market for petroleum products in the region by establishing business partnerships with governments, marketers and key petroleum consumers.
Since its formation in the 1980's, National Oil has focused mainly on the local market but over the last two years has worked to establish a number of successful business partnerships in a number of countries in East Africa including South Sudan, in preparation for the launch.
During that period the firm has been building a network, prospecting on who to work with, and now that they've managed to do the ground work are moving forward in establishing their petroleum business.
The company will look to continue supplying bulk petroleum products including fuels, lubricants and LPG to businesses and consumers as it looks into the possibility of establishing retail presence in these countries.
Alongside the planned venture into exports, the firm continues to aggressively expand its domestic business presence through a number of strategic initiatives including the ongoing rapid retail network expansion and in December 2012, their network tally surpassed the 100 stations mark and is currently at 102 stations with some more stations currently under construction.
To support its downstream marketing of petroleum products business, the corporation will look to implement a number of midstream petroleum infrastructure projects including the development of the off-shore petroleum jetty project whose feasibility was recently concluded.
National Oil is also looking at boosting its petroleum storage and distribution capacity in the country by establishing a number of high capacity petroleum depots in key towns across the country covering Mombasa and Western Kenya.
Plans are underway to set up an ultra modern Liquefied Petroleum Gas (LPG) filling facility at the National Oil depot in Nairobi as well as install mini LPG filling facilities (SKID units) in a number of key towns across the country.