Vivo Energy Kenya (VEK) has been awarded the Kenya petroleum industry tender for delivery of four shipments during the months of March and April 2013 through the Open Tender System (OTS).
The tenders valued at approximately 250,000,000$ are for both jet A1 and diesel products.
The four cargoes, totalling 220,000MT will meet requirements for the domestic market and neighbouring countries.
Vivo Energy Kenya Managing Director, Mr. Polycarp Igathe said that this is a step in the right direction for the company since it demonstrates competitiveness in the market. “I am delighted that VEK has won the four tenders thus far. This is not a mean achievement given the prevailing competitive platform. It’s a demonstration of Vivo Energy’s ambition to grow going forward. He added,” Winning industry tenders is proof of our reignited ambition to grow and regain market share for the Shell Brand. The last time Shell won an industry open OTS tender was in 2007.
Vivo Energy won the tenders upon demonstration of the ability to deliver the products at a most competitive pricing. Mr. Igathe, added, “to deliver sustainable value to our customers is part of our company vision and we will strive and toil daily to achieve the vision.”
Vivo Energy has just completed investment in its Nairobi terminal worth 4 million$. The investment was geared towards adding storage capacity which is in line with Ministry of Energy policy of encouraging investment to assure security of fuel supply.
The Company will deliver the products in double hull vessels in adherence to the International Maritime Standards to ensure safety and to safeguard the environment.
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