KenolKobil snaps up BP’s assets in five African states

[Prodigal Son]

KenolKobil snaps up BP’s assets in five African states

KenolKobil plans to acquire assets of BP in five African countries, setting the stage for the oil firm to further grow its muscle in the highly competitive regional market.
Early this month BP announced that it had informed governments and employees in Namibia, Malawi, Tanzania, Zambia and Botswana of its intentions to exit its businesses in the countries following a strategic review of its refining and marketing businesses in southern Africa, which has shown that the company should focus on those countries which offer the greatest synergies with its supply portfolio. The oil firm singled out Mozambique and South Africa as those fitting in its new model.
“We have significant operations in Angola, Mozambique and South Africa and in Algeria, Egypt and Libya. We will continue to grow and invest in those markets,” BP Africa’s CEO Sipho Maseko said in a statement.
“We have discussed with the South African and Mozambique governments our desire to remain and invest in these two countries where we prefer to see our operations grow significantly.”
He said BP was confident that the businesses it intended to off load would offer good value and great potential, particularly given the strong economic outlook of the region.
“A new owner can build on our good assets and grow the business further,” he said.
Market share
On Monday, KenolKobil confirmed its interest in snapping up BP assets in the five countries, a development that could see its market share grow substantially.
“We do appreciate that in all these markets, BP’s operations are strong marketing businesses, with strong market shares and well-run and well developed operations and infrastructure which KenoKobil would very much be interested to acquire,” said Patrick Kondo, the oil firm’s group mergers and acquisition manager, in a statement.
The BP Africa region consists of the company’s downstream operations in Namibia, Botswana, Mozambique, South Africa, Tanzania, Malawi and Zambia which employ approximately 1,760 staff.
In addition the company is engaged in oil and gas exploration activities in Angola, Algeria, Egypt and Libya.
Downstream infrastructure in the region includes some 29 depots and terminals, more than 800 retail sites and the largest refinery in the region co-owned with Shell.
Mr Kondo said markets set to be exited by BP are located within areas that had been approved by the company’s management board as potential investment fronts.
Aggressive expansion
“Indeed KenolKobil would be very interested in all these markets and the opportunities they offer for the growth of our group in Africa in line with our move-south-strategy announced last year,” he said.
Chanzo: Business Daily

 

[Prodigal Son]

dah hawa watani zetu wapo so aggressive, wanajua kutumia saana fursa mbalimbali pale zinapojitokeza, na wakifanikiwa naamini itakuwa ni kampuni kubwa saana kwa ukanda wa Africa Mashariki na kusini

Maskini Tanzania, kila kukicha ni siasa tu, hakuna la maana linalofanyika, sijui ni kampuni gani twaweza kujivunia ni ya kitanzania kwa huu ukanda wa Africa mashariki,Nilikuwa nawaza labda CRDB wangeweza fungua hata njia wafungue hata tawi Rwanda au Burundi tu laini mpaka leo hata dalili hakuna, ukilinganisha na KE makampuni yao yanatapakaa kwa kasi kweli na multiplier impacts yanayoleta kwa wakenya ni makubwa saana

wanasiasa,wasomi, wanaharakati watanzania Mko wapi??kama Nyerere aliweza kuokomboa Uganda na nchi kibao za kusini mwa Africa kwa kuwatumia watanzania ni kwanini twasindwa sasa?

 

[Sikonge]

09 Feb 2010 H.E. President Jakaya Kikwete Visits Vingunguti Station

Kobil Vingunguti had the area opportunity to receive a special visitor, H.E. Jakaya Kikwete, President of the United Republic of Tanzania.
H.E. Kikwete made the stop-over while on a visit to inspect projects of the ruling party, Chama Cha Mapinduzi (CCM). The parcel of land in which Kobil Vingunguti stands was acquired by Kobil Tanzania under a long-term lease from CCM. The company has provided CCM party offices and a conference hall at the station.
It was a memorable moment when President Kikwete stepped into the station to symbolically open the station in appreciation of the good hospitality the station management has maintained with the CCM leadership. President Kikwete was welcomed into the station by Kobil Tanzania's top management led by the Managing Director Mr. Fabrice Ezavi.
Kobil Vingunguti is a high-volume station, moving over 200m3 litres of products per month. The station has ATM and pharmacy facilities under the non-fuel business, besides a car wash and a lubricants bay.

Kazi kweli kweli kwa Tanzania

 

[Prodigal Son]

H.E. Kikwete made the stop-over while on a visit to inspect projects of the ruling party, Chama Cha Mapinduzi (CCM). The parcel of land in which Kobil Vingunguti stands was acquired by Kobil Tanzania under a long-term lease from CCM. The company has provided CCM party offices and a conference hall at the station.[/U]
It was a memorable moment when President Kikwete stepped into the station to symbolically open the station in appreciation of the good hospitality the station management has maintained with the CCM leadership. President Kikwete was welcomed into the station by Kobil Tanzania’s top management led by the Managing Director Mr. Fabrice Ezavi.

kweli TZ itajengwa na wenye Moyo, Hizi siasa ndo zinaididimiza kabisa hii nchi, yaani mkuu wa nchi anapata mpaka muda wakufungua vituo vyo Mafutà???

 

[Bobby]

kweli TZ itajengwa na wenye Moyo, Hizi siasa ndo zinaididimiza kabisa hii nchi, yaani mkuu wa nchi anapata mpaka muda wakufungua vituo vyo Mafutà???

I used to think ni mimi peke yangu huwa nayashanga haya mambo jamani. Rais wetu ana muda mwingi sana kwenye mambo ambayo hata hayawagusi watanzania wengi kihivyo. Lakini hana muda kabisaaaaaaaaaaaa na mambo ambayo yangewagusa mamilioni ya watanzania. Mm sielewi priorities za huyu mkuu wetu wa nchi. Prodigal unashangaa yeye kufungua petrol station? Juzi juzi hapa kafungua kageust huko mitaa ya Mtwara and I was like haya macho yananidanganya au?