Monday, September 3, 2012

EA Gasoil looks to expand in the Great Lakes regions

Mombasa-based East African Gasoil Ltd (EAGOL) is keeping an eye at the lucrative regional energy market by expanding its outlets outside the country.
Executives at the firm indicated that they are keen on venturing into the larger EAC market, in particular capturing a strong foothold on the Great Lakes region due to its underlying potential.
“We aspire to be the premier midstream petroleum company in the Great Lakes region,” Mr. Abdi Ali Salad, EAGOL’s chief executive officer, said. “EAGOL has ever since complied with all state laws governing the oil trade as well as other statutory obligations such as paying taxes and adhering to labor laws,” Mr. Salad adds.

EAGOL markets and distributes petroleum products in bulk across the East and Central African region.
EAGOL currently has a countrywide network with 5 sales offices in Mombasa, Nairobi, Nakuru, Eldoret and Kisumu, Kenya’s five major towns. The offices also serve as company products outlets.
The company has in the last two years improved its operation and grown its market share both in terms of annual base and asset turnover.
The firm’s product and services portfolio encompasses import, export, and distribution of petroleum products, namely; Crude Oil AGO, PMS, IK, IDO, DPK, Furnace Oil, Jet A and Jet A-1.
According to the CEO, one of EAGOL’s strength is the commercial trust quickly but consistently nurtured within and outside the organization.

Source: The Standard By Philip Mwakio

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