LONDON, Nov. 15, 2017 /PRNewswire/ -- The Kenyan Petroleum Industry: The Kenyan petroleum industry contributed an estimated 2.8% to GDP in 2016 with net domestic sales of petroleum products increasing by 6.5% to 5,044.2 thousand tonnes. Currently there is no local crude oil production and activity in the upstream industry is centred on exploration and the development of infrastructure to facilitate production.
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A Net Importer: Although crude oil has not been imported since the Mombasa refinery that was owned by Kenya Petroleum Refineries Ltd (KPRL) was closed in 2013, all other refined petroleum products including petrol and diesel, kerosene, Liquefied Petroleum Gas (LPG) and paraffin wax are imported. However, the discovery of crude oil and the building of crude oil pipelines are expected to turn this situation around. The government envisages that by 2020/21 Kenya will produce 30,000 barrels of crude oil per day. This will then be available for the processing and local manufacture of products as well as for export.
Report Coverage: The report on the Kenyan Petroleum Industry focuses on the manufacture and wholesale trade of petroleum products from crude oil and natural gas as well as the manufacture of lubricating oils and greases, primarily from other organic products. Profiles for 25 companies are provided, including oil importing and marketing companies such as international majors, Shell and Engen, as well as small enterprise Eco Fuels Kenya Ltd which produces 25,000 litres of biofuel per annum. Also profiled is Total Kenya which in 2017 received approval from the Competition Authority of Kenya to acquire the entire stake of Gulf African Petroleum Corporation (GAPCO), majority-owned by Indian billionaire Mukesh Ambani through Reliance Industries. The transaction is estimated to be worth US$400m and means that Total's share of the market could increase to as much as 38%, up from its current 20%.
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