OMAN OIL EXPANDS ITS PRODUCTS MARKET IN AFRICA - Soul 2 Soul Mates Blog

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7/11/2018

OMAN OIL EXPANDS ITS PRODUCTS MARKET IN AFRICA

OMAN OIL EXPANDS ITS PRODUCTS MARKET IN AFRICA




Oman Oil Marketing Company has signed an agreement with one of East Africa’s leading oil marketing companies to start selling its lubricants in Kenya starting July 2018.

The agreement was signed by David Kalife, Oman Oil Marketing Company CEO and Issa Sheikh Mohamed, CEO of Hass Petroleum Group.

This move comes as part of the company’s strategy to increase the exportation of Oman Oil Marketing Lubricants internationally.


David Kalife, Chief Executive Officer of Oman Oil Marketing Company said, “We are confident that this partnership with Hass Petroleum will not only reinforce the trade relations between the Sultanate and Kenya but also help establish new streams of collaboration between the two nations and other neighboring countries.”

As the most developed nation in East Africa, Kenya boasts tremendous business opportunities supported by its location and strong logistics infrastructure, making it an ideal port for imports to inland countries.

Issa Sheikh Mohamed, Chief Executive Officer of Hass Petroleum Group said, “The Kenyan lubricants market is valued at about USD180 million to our economy annually, most of this, noticeably coming in from the transport and industrial sectors.”


Oman Oil Marketing Company lubricants are sold across the Middle East, North Africa and Indian sub-continent including Bahrain, Yemen, Ethiopia and Bangladesh.


The petroleum company plans to expand its distribution network from Kenya to neighboring countries including Uganda, Tanzania, and the Democratic Republic of Congo.



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