Hass Petroleum inks deal to distribute Oman Oil products - 7 months ago, 11 July 19:00
Oman Oil has signed a deal with Hass Petroleum for distribution of its lubricants in the Kenyan and Eastern Africa market.
The partnership will see Hass Petroleum distribute lubricants formulated in Oman.
Under the deal whose financial aspect remains undisclosed, the Oman-based oil manufacturer will fund the distribution and marketing of its products through Hass Petroleum.
Omani Trading International (OTI) acquired a 40 per cent stake in Hass Petroleum about a year ago in a transaction that also included provision of technical assistance to the Kenyan firm.
Oman Oil, which is wholly owned by the Oman government will use Kenya’s strategic location to further its share in Uganda, Tanzania, and the Democratic Republic of Congo banking on the Port of Mombasa.
“A key component in our growth strategy moving forward is focused on identifying new business leads and expanding the geographical reach of our products beyond Oman’s borders. We are confident that this partnership with ...
Category: business corporate news
The government has re-instated the license of the troubled Ekeza Savings and Credit Cooperative Society which was cancelled last year. Commissioner of Cooperatives Mary Mungai in a Kenya Gazette ...Category: business