Kenol/Kobil Expansion Plan Gathers Momentum.

(From The Nation (Kenya) - AAGM)

Byline: Muna Wahome

Oil marketer Kenol/Kobil is eyeing the southern Africa region downstream market. The company, which is active in the mid-stream - bulk trading - fuel business in East Africa, Sudan, Malawi and Zimbabwe, said the retail section is part of its continental expansion strategy.

Kenol/Kobil has recently emerged as a major player in both segments locally, claiming over one-fifth of the market pie. Over the last several months, it dominated the import market through the Government Open Tendering System and now hopes to replicate the dominance elsewhere.

OTS, initiated in January 2004, entails getting the most competitive bidder to import the oil …