A c c e l e r a t i n g
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G r a n d
M a r c h
a c r o s s
A f r i c a
Corporate Profile
Contents Contents
Mission Statement
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3
Background
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4
Products
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7
Distribution network & Service Segments
PG 10
Supply & Trading
PG 12
Subsidiaries
PG 14
Non-Fuel Business & Innovation
PG 20
Financial Base & Human Resources
PG 23
Corporate Social Responsibility
PG 24
Statement of Business Values
PG 26
Contacts
PG 26
KENYA • UGANDA • TANZANIA • RWANDA • ETHIOPIA • ZAMBIA
Kenol/Kobil was the first oil company in kenya and the East African Region to Market Low Sulpur Diesel
Corporate Profile
1
Mission Statement
“Keno/Kobil Markets an extensive industrial & automotive range of high quality lubricants brands”
• To develop, improve and increase quality and total value of our products and services
• To become a market leader through continuous innovation, customer focus and to provide the highest quality products and services
• To maintain a highly motivated, well trained human resources base
OUR MISSION OUR VISION
• To attain shareholder values
•
To be the leading brand in Kenya and Major player in Africa
Corporate Profile
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Corporate Profile
KENYA • UGANDA • TANZANIA • RWANDA • ETHIOPIA • ZAMBIA
Background
About us Kenol previously operated in Kenya under a joint management arrangement with Kobil Petroleum Limited, where the two shared profits and expenses in certain areas of business. Under the terms of theOperating Agreement, Kenol accounted for 42.5% of the combined costs and revenues of Kenya retail sales while Kobil accounted for the remaining 57.5%.
Kenya Oil acquired 100% of the shares in Kobil Petroleum (‘Kobil’) on 19 December 2007, after Kenol’s 2007 financial year.
Kenya Oil acquired 100% of the shares in Kobil Petroleum (‘Kobil’) on 19 December 2007, after Kenol’s 2007 financial year. The transaction involved Kenol allotting 45.5 million shares in exchange for 100% of the issued shares of Kobil which has strategic assets including important storage depot facilities across Kenya. The combined stronger balance sheet has given the group improved borrowing terms with financiers as well as enable a better negotiating platform with oil suppliers, thus resulting in improved earnings going forward. The acquisition of Kobil has given synergies to reduce administrative and overhead costs currently being shared by both companies. The combined structure has also enhanced transparency and reduced inter-company transactions between the two companies.luptat,
KENYA • UGANDA • TANZANIA • RWANDA • ETHIOPIA • ZAMBIA
Corporate Profile
3
Products Range
Keno/Kobil Markets an extensive industrial & automotive range of high quality lubricants brands
Lubricants Kenol previously operated in Kenya under a joint management arrangement with Kobil Petroleum Limited, where the two shared profits and expenses in certain areas of business. Under the terms of the Operating Agreement, Kenol accounted for 42.5% of the combined costs and revenues of Kenya retail sales while Kobil accounted for the remaining 57.5%. Kenya Oil acquired 100% of the shares in Kobil Petroleum (‘Kobil’) on 19 December 2007, after Kenol’s 2007 financial year. The transaction involved Kenol allotting 45.5 million shares in exchange for 100% of the issued shares of Kobil which has strategic assets including important storage depot facilities across Kenya. The combined stronger balance sheet has given the group improved borrowing terms with financiers as well as enable a better negotiating platform with oil suppliers, thus resulting in improved earnings going forward. The acquisition of Kobil has given synergies to reduce administrative and overhead costs currently being shared by both companies. The combined structure has also enhanced transparency and reduced inter-company transactions between the
4
Corporate Profile
KENYA • UGANDA • TANZANIA • RWANDA • ETHIOPIA • ZAMBIA
Distribution
LPG: two companies.luptat, sustionullut enismodolute te molore magnit volobore conulput dolestrud tis et lut lortion heniscin volorem iusci ese cor senit, consed magna adignisis augue endigna acilis autpat, sit volore et iuscidu isismod estio od essi tinim vel in henim volobore conse doloreet auguerit aciduipit utatie dit lutat dio dio odolorem aut ing exeratie vel ut lamcons eniatue do corero eros amcommy nit deliquatuero ent prat utpatue veniscipsum quisis nonsed et utet wis num in ut ullaortie core molorem el iureetum dolenibh ex ex et alit aci blaor ad er susto od te dit nulpute min henit lan ulputat.
Simonz Care Care products are available in Kenol and Kobil Service stations countrywide and in all leading outlets
ISO Certification Min henis amet, vullam acillam, quat. Irit wis adio delit, vent wissed tat, sum niamcon sequis estrud et ad tissed diam dipit, conul Kenol previously operated in Kenya under a joint management arrangement with Kobil Petroleum Limited, where the two shared profits and expenses in certain areas of business. Under the terms of the Operating Agreement, Kenol accounted for 42.5% of the combined costs and revenues
KENYA • UGANDA • TANZANIA • RWANDA • ETHIOPIA • ZAMBIA
Corporate Profile
5
CSR
Corporate Social Responsbility The company’s has implemented a wide range of CSR schemes as a way of interacting with society it does busines with while at the same time adding value shareholders invwstments.
“The company’s has implemented a wide range of CSR schemes as a way of interacting with society it does business with”
es business withtant storage depot facilities across Kenya. The combined stronger balance sheet has given the group improved borrowing terms with financiers as well as enable a better negotiating platform with oil suppliers, thus resulting in improved earnings going forward. The acquisition of Kobil has given synergies to reduce administrative and overhead costs currently being shared by both companies. The combined structure has also enhanced transparency and reduced inter-company transactions between the two companies.luptat, sustionullut enismodolute te molore magnit volobore conulput do57.5%. Kenya Oil acquired 100% of the shares in Kobil Petroleum (‘Kobil’) on 19 December 2007, after Kenol’s 2007 financial year. The transaction involved Kenol allotting 45.5
6
Corporate Profile
KENYA • UGANDA • TANZANIA • RWANDA • ETHIOPIA • ZAMBIA
Our Employees
“We keep pace with and match
Employees The company’s has implemented a wide range of CSR schemes as a way of interacting with society it does busines with while at the same time adding value shareholders invwstments.
every initiative the African continent aspires to achieve by awaketing untapped potentials of our people. “
es business withtant storage depot facilities across Kenya. The combined stronger balance sheet has given the group improved borrowing terms with financiers as well as enable a better negotiating platform with oil suppliers, thus resulting in improved earnings going forward. The acquisition of Kobil has given synergies to reduce administrative and overhead costs currently being shared by both companies. The combined structure has also enhanced transparency and reduced inter-company transactions between the two companies.luptat, sustionullut enismodolute te molore magnit volobore conulput dolestrud tis et lut lortion heniscin volorem iusci ese cor senit, consed magna adignisis augue endigna acilis autpat, sit volore et iuscidu isismod estio od essi tinim vel in henim volobore conse doloreet auguerit aciduipit utatie dit lutat dio dio odolore
KENYA • UGANDA • TANZANIA • RWANDA • ETHIOPIA • ZAMBIA
Corporate Profile
7
Customers
“We keep pace with and match every initiative the African continent aspires to achieve by awaketing untapped potentials of our people. “
Customer Care The company’s has implemented a wide range of CSR schemes as a way of interacting with society it does busines with while at the same time adding value shareholders invwstments. es business withtant storage depot facilities across Kenya. The combined stronger balance sheet has given the group improved borrowing terms with financiers as well as enable a better negotiating platform with oil suppliers, thus resulting in improved earnings going forward. The acquisition of Kobil has given synergies to reduce administrative and overhead costs currently being shared by both companies. The combined structure has also enhanced transparency and reduced inter-company transactions between the two companies.luptat, sustionullut enismodolute te molore magnit volobore conulput d Min henis amet, vullam acillam, quat. Irit wis adio delit, vent wissed tat, sum niamcon sequis estrud et ad tissed diam dipit, conul Kenol previously operated in Kenya under a joint management arrangement with Kobil Petroleum Limited, where the two shared profits and expenses in certain areas
Corporate Profile
8
Corporate Profile
KENYA • UGANDA • TANZANIA • RWANDA • ETHIOPIA • ZAMBIA