Hass Petroleum Group sells 40% of its ownership to Oman Trading International

June 6, 2017… Hass Petroleum Group has sold 40% of its shares to Oman Trading International (OTI) in a move that will see the Kenyan oil marketing company embark on its strategic growth and expansion plans across the Eastern, Central and Horn of Africa.

The Group will invest the additional funding from the transaction to enhance its market visibility by investing in additional distribution assets specially Service Stations across its key Markets in the region. . It will also boost the marketer’s working capital and increase competitiveness in the Open Tender System. In turn, OTI will provide its supply and trading capabilities to strengthen the Hass service offering, enhance services to consumers and contribute to economic growth across the region.  

The Hass founder and management team will continue to operate the business and work closely with OTI to grow and continue long-standing relationships with customers, suppliers and regulators.

This acquisition is in line with the respective companies’ long term strategies.  OTI’s strategic priority of accelerating its growth by entering new emerging markets with high potential will fit well with Hass’s aspiration of being Africa’s leading oil marketing company.  As a regular supplier of refined products to the Southern and East African region, this transaction will enable OTI and its new partner Hass to strengthen their businesses across a substantial African footprint.

The completion of the transaction remains subject to approval by the relevant regulatory authorities in the various countries in which Hass operates in.

Abdinasir Ali Hassan Chairman and founder of Hass, commented, "I am delighted to conclude this transaction with OTI. I am convinced that this partnership is a major step in ensuring Hass’ continued competitiveness across the region and I am confident that with OTI we can achieve our mutual long term growth aspirations.”

Talal Hamid Al-Awfi, CEO of OTI, has expressed his satisfaction at the conclusion of the deal “We are delighted to move onto the next phase of growth for OTI, agreeing our first major investment into Africa with Hass.  Hass is a unique business with substantial scale and growth potential where we have enjoyed a long standing relationship; most importantly we share a common understanding and vision of the African energy market.”

Standard Advisory London Limited, a member of the Standard Bank Group (“Standard Bank”) acted as exclusive financial advisors to OTI and KPMG Advisory Services Ltd Kenya acted as exclusive financial advisors to Hass.

About OTI

Established in 2006, Oman Trading International (OTI) is owned by the government through Oman Oil Company (OOC) with 70% and the State General Reserve Fund (SGRF) holding 30%. OTI has grown from modest beginnings into a global trader delivering over 20 million tonnes of energy products per year with offices in Europe, Middle East, US and Asia.

OTI is placed as the strategic partner to the Oman Refineries & Petroleum Industries Company (ORPIC), handling all supply and offtake of refined products for the Sultanate of Oman. Furthermore, OTI is significant off-taker of crude from Oman lifting in excess of 100,000 barrels per day of Oman Export Blend and delivering it to our customers globally.  OTI is also active in the petrochemicals and LNG markets.

Aside from strategic relationships with a number of Omani producing assets, a bigger portion of the group’s traded products are sourced from and delivered to third parties. More information is available at

About Hass

Hass Petroleum is a leading regional oil marketing company, incorporated in 1997 it has a significant presence in East, Central and Horn of Africa. Countries with significant operations include Kenya, Tanzania, Uganda, Rwanda Zambia, South Sudan, Somalia, Somaliland and the Democratic Republic of Congo.  Key assets include major oil terminals, retail station networks and established supply chain infrastructure. Its product range consists of all white oils, namely: Diesel, Gasoline, Jet A1, Kerosene, Liquefied Petroleum Gas (LPG) and its own brand of lubricants, blended to world-class standards.

Hass Petroleum (K) wins KOT SOT/MBK TENDERS OPENED AT MOEP on 28th January 2014

Hass Petroleum (K) has won the tender to supply the industry in the month of February 2015 through the Open Tender System (OTS).

Below is a recap of cargo details of the tender;

  • The first shipments shall be delivered via Shimanzi Oil Terminal (SOT) and Mbaraki wharf in Mombasa on 15 – 18th February 2015, Quantity 40,000MT of GASOIL (AGO)
  • The second shipment shall be delivered via Kipevu oil Terminal (KOT) on 13 -15 March 2015, quantity 60,000MT of Motor Gasoline (MSP) or Petrol







Winning Premium & Freight, $/MT

AGO       S03/2015






MSP       K06/2015







This win is yet another major milestone by Hass Petroleum Group as it continues to position itself as the leading indigenous oil marketing company in the region.

Hass Petroleum (K) Ltd Wins Contract For November Fuel Supply Deliveries

Hass Petroleum (K) has been awarded the Kenya petroleum industry tender for delivery during the month of November through the Open Tender System (OTS).

The deliveries of Automated Gas Oil (AGO) (diesel) and Premium Motor Spirit (PMS) (premium) will meet the monthly requirements for both domestic and transit markets.

The first shipment arrived on 16th November 2014 on board MT “UACC MIRDIF” and is currently discharging approximately 45 litres of AGO. The 2nd shipment is expected to arrive aboard “GERAKAS/SUBS” at the end of November and shall deliver another 25 million litres of AGO and 17 million litres of PMS

Issa Sheikh, Chief Executive Officer, Hass Petroleum delighted with the award said, “This is yet another demonstration of Hass Petroleum’s competitiveness in the industry and has reiterated on the Groups’ commitment to providing the region with high quality petroleum products through innovation, integrity, and reliable service delivery.”

With this OTS win Hass Petroleum has firmly established itself as a key player in the petroleum industry, well positioned to supply the region with its petroleum needs.

The Group continues with its’ expansion program in the region and is currently constructing a 6 million litres fuel depot in Uganda to further enhance fuel distribution efficiency.

RVR_signingHass Petroleum wins Sh 13bn fuel contract from RVR

  • Over 100 million litres of diesel to be supplied in Kenya and Uganda over 3 years
  • 65pc increase in RVR’s annual fuel consumption following addition of 25 locomotives

Hass Petroleum Limited,  a major regional oil marketer and distributer has won a ksh13 billion tender to supply diesel to rail operator Rif Valley Railways over the next three years.

Under the agreement Hass Petroleum will provide RVR with an estimated 130 million litres of automotive gas oil (diesel) over a period of three years (the equivalent of over 4,300 fuel tank loads) to RVR’s key operational centers in Kenya and Uganda.  

Hass Petroleum was awarded the contract after edging out five other large regional oil marketers and distributors.
Speaking at the contract signing ceremony at RVR’s offices, RVR’s chief executive officer Carlos Andrade said: “The 20 American-built locomotives we are acquiring over the next five months in addition to the five we’re refurbishing locally will double our cargo haulage capacity and increase our diesel consumption needs by 65 per cent this year alone.”

He said diesel consumption is expected to rise each year of the contract period with further increases in the locomotive fleet.

Mr. Abdirizak Ahmed, Kenya Country Manager of Hass Petroleum said: “We are happy indeed to have won this contract emerging with the best bid amongst our peers. This is yet another major milestone by Hass Petroleum Group and not only does it articulate the strength and market position of Hass Petroleum but is also shows the confidence  Rift Valley Railways has in working with Hass Petroleum. We are confident that we shall continue to dominate our industry’s landscape with a greater footprint than we have had before.”
A service level agreement requires Hass Petroleum to manage fuel facilities and ensure minimum stock levels in RVR’s operational hubs of Changamwe, Eldoret and Nairobi, and Kampala and Tororo in Uganda.

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