News & Media releases

Shell agrees to purchase BP Africa’s 50% shares in Kenyan Marketing JV

18/05/2006

The Shell Petroleum Company Limited, a subsidiary of Royal Dutch Shell plc (Shell), announced today that it had signed an agreement relating to the acquisition of BPs shareholding in the Shell-BP 50/50 oil products marketing joint venture companies in Kenya, subject to regulatory approval. The JV companies include Kenya Shell Limited, BP Kenya Limited and Shell & BP (Malindi) Kenya Limited. The specific commercial details of this transaction are confidential.

The JV companies are engaged in the marketing, sale and distribution of retail, commercial and aviation fuels and lubricants, LPG and bitumen, and are supported by 2 main distribution terminals and a network of some 130 retail service stations geographically spread throughout Kenya. 

Iain Everingham, President of Shell Oil Products Africa said, "This is an exciting opportunity for Shell in Africa and one that will help secure our future in Kenya.“

“This announcement is consistent with Shell’s strategy of improving and growing our business in those markets where we choose to operate. Kenya is a key strategic oil products market where Shell has a long established business, which we are keen to maintain and grow.”

“Our priority now is to work with Government, staff, JV partners, customers and other stakeholders to ensure a smooth transition,” said Mr Everingham.

Shell has been in business in Africa for over 100 years, operating in 35 countries and remains committed to ensuring that Africa benefits from its presence in the region.