Galana Oil is the owner of the gas station chain, Since 2004, Galana Oil has been the constant winner in the Open Tender System (OTS), a procurement procedure in which businesses compete to supply all the fuel needed locally for a single month. Galana Oil is owned by three firms, it was officially registered as a company on June 7, 2000.
The companies behind Galana’s success are Sai Ram Investment Company (1,576 shares), Romichi Company (1,576 shares), and Tapiola Limited (1,598 shares). In the month of April and May when there was a fuel shortage countrywide, Galana Oil imported 241,868 metric tonnes of super petrol which was supplied to dealers across the nation. The company is expected to import 102,072 tones of petrol and 16,052 tonnes of kerosene in August.
The only oil import giants with 100% local ownership are Galana Oil, Texas Energy, and Riva Petroleum Dealers. The common thing with these three companies is in both the shareholders and trading company are Kenyan. Record from Galana Oil company registry shows that in December 2021, the company took a sh1.6billion loan to fund oil importation.
Texas Energy was registered on November 20, 2014, and has over eight years grown into one of the most consistent OTS winners. Abdi Hakim Ebrahim is the CEO thus owning a total of 22,092 shares. Some of the shareholders are, Bomachoge Borabu who has 12,098 shares, Nasro Dahir Ahmed 9,468 shares, and Johar Dahir Ahmed 8,942 shares. Since Texas was started it has imported a total of 1.34 million metric tonnes of petroleum. Just like galana oil, Texas Energy faces challenges in financing for importation, in December last year, this firm borrowed a sh8.2billion to finance its project.
Riva Petroleum Dealers was registered on June 21, 1996. this company is owned by the family of its founder, Peter Njeru Njagi. Mr Njagi and his wife own 80,000 shares of the company each while, Their children and two children own 20,000 shares each.
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