Ratio Magazine :: The Inside Track to East Africa’s Economies - Press Releases: Kobil Tanzania Takes Over Management of Dar World Oil Terminal Complex

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Press Releases: Kobil Tanzania Takes Over Management of Dar World Oil Terminal Complex

Wednesday, 06 July 2011

KenolKobil Ltd, through its Tanzanian subsidiary, Kobil Tanzania Ltd, has taken over the effective control and management of the recently acquired modern World Oil Terminal Complex in Dar es Salaam Tanzania effective 1 July 2011. With this acquisition, KenolKobil will take charge of the Kobil Dar Terminal (KDT) for the lease period of 25 years.

The Kobil Dar Terminal Complex has a 33,000m3 storage capacity, complete with a 12 loading arm gantry, modern high speed loading pumps, a three-storey modern office block and two large dry cargo warehouses ideal for storing large quantities of LPG cylinders and lubricants.

Plans are already in place to make the Kobil Dar Terminal the destination of choice for companies seeking storage and distribution hospitality arrangements in Tanzania by automating its functions, including receiving and loading operations.

The terminal fits well in KenolKobil Group’s strategy to grow its storage infrastructure in Africa and free itself from storage infrastructure managed and controlled by third parties. Recently, KenolKobil acquired two other depots: one in Bujumbura, Burundi, and the other in Jinja, Uganda.

The facility will be used to meet Kobil Tanzania’s current local requirements including the demands of its 27 service stations and its growing commercial clientele. This acquisition comes at an opportune time when Kobil Tanzania has embarked on an aggressive campaign to grow its service stations beyond Dar.

Already, Kobil have stations in key regional towns including Arusha, Morogoro, Lindi, Mtwara and Tanga. With this growth momentum, the company expects to reach over 30 stations by the end of the year.

In order to meet the growing demand of its products in the mid-stream sector, KenolKobil plans to make the Kobil Dar Terminal a regional trading hub for storage and trading purposes. For this purpose, the company is setting up the Dar Trading Centre, complete with the necessary infrastructure, communication tools and experienced high caliber traders to manage the trading desk.

The Dar Trading Centre will enhance the volumes and the reach of KenolKobil’s exports from Dar to the hinterland region of Rwanda, Burundi, Zambia, Uganda, DR Congo (East Congo and Lubumbashi regions), Malawi and parts of Southern Kenya.

With the acquisition of the new terminal, the KenolKobil Group is strategically positioned to effectively participate in the bulk procurement system soon to be introduced by the authorities in Tanzania. KenolKobil will use its knowledge, expertise and experience of being a leading African mid-stream company, particularly its leading position in the Kenyan Open Tendering System (OTS) where it controls a market share of over 50%. Kobil shall seek to replicate the OTS success in the Tanzanian market.

The new Kobil Dar Terminal will give Kobil Tanzania and the KenolKobil trading business a cutting edge in the competitive tendering systems in the different markets within the region, especially Malawi, Mozambique and Zambia.

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