Company Profile
Dalbit Petroleum Limited is a privately owned company incorporated under the Companies Act Cap.486 of the laws of Kenya. The Company is licensed to procure and market petroleum products in the domestic Kenyan market as well as for export to the neighbouring Great Lakes region in Africa.
The full range of petroleum products are marketed by the Company, these include PMS, RMS, DPK, AGO, IDO, Fuel oil and Bitumen.
Dalbit Petroleum Limited commenced her operations in March 2002 and became a signatory to the Kenya Petroleum refinery ltd Agreement in May 2002. She processed her first batch of crude oil in June 2002 and at the same time became a signatory to the KPC Transport & Storage agreement enabling it to lift products directly through the KPC system.
Dalbit Petroleum had until recently (July 2009) spread its wings to market its products in most of the countries in the region i.e. Sudan, Tanzania, Uganda, Rwanda, Burundi and the Democratic Republic of Congo, DRC. However, at a recent Company AGM the Shareholders of the Company resolved to remove the export business from its Kenyan operation leaving the latter to focus on the Kenyan Market Sales and provision of transit handling services to its parent company, Dalbit International.
Company Objectives
Dalbit Kenya’s objectives are to engage in an efficient, responsible and profitable business whose vision is to become a key player in the Kenyan Energy Sector providing total energy solutions. The Company’s strategy is to operate professionally with the aim of achieving the following:
To develop and maintain a high standard of service to the Company’s customers as well as to ensure supply and delivery of quality products while supplying value for money. To continuously improve efficiency and productivity.
To generate and maintain a sustainable cash flow from the operations and post acceptable and consistent returns on investment (ROI) for the shareholders so as to achieve investor confidence.
To ensure that overheads are contained and a low cost base maintained without compromising the quality of services to the Company’s customers.
To encourage innovation and creativity by all employee’s.
To conduct business as a responsible corporate member of the society, abiding by the laws and regulations of the country.
To generate and maintain a sustainable cash flow from the operations and post acceptable and consistent returns on investment (ROI) for the shareholders so as to achieve investor confidence.
To ensure that overheads are contained and a low cost base maintained without compromising the quality of services to the Company’s customers.
To encourage innovation and creativity by all employee’s.
To conduct business as a responsible corporate member of the society, abiding by the laws and regulations of the country.
Key Achievements to date
Since inception in March 2002, the Company witnessed impressive steady growth establishing offices throughout the entire East African region and employing over 70 personnel. The company’s average monthly sales volumes has been 10 million litres (a turn over of approximately USD 8 million/month). With the new focus on the Kenyan Market only, the Company is looking at growing its current Local Volumes standing at 2.5 million litres a month to 4 million litres a month in a span of one year. This will be supported by approximately 30 members of staff.
Dalbit Petroleum has been honored with the recognition as a Distinguished Tax Payer by the Kenya Revenue Authority.
The company has in its relatively short span of operation streamlined all its operations and aligned them to international operational standards. The same have undergone an audit by the ISO 9000 certifying body and the company awarded the prestigious ISO 9001:2008 Certification. Dalbit Petroleum in a study conducted by KPMG in 2008, was recognized as one of the Top 100 fastest growing mid-sized companies in Kenya. Ranked No. 20, Dalbit Petroleum Ltd was awarded with a trophy and a certificate.
To enhance the efficiency of her services, the Company from the onset invested in a state-of-the-art computing technology. The entire business operations, from Supply, Planning and Operations, Human Resources, Sales and marketing to Finance are completely mapped out and co-ordinated using Operational Manuals and master budgets that conform to International standards. As mentioned earlier, the Company is ISO 9001:2008 certified.
Dalbit Petroleum has been honored with the recognition as a Distinguished Tax Payer by the Kenya Revenue Authority.
The company has in its relatively short span of operation streamlined all its operations and aligned them to international operational standards. The same have undergone an audit by the ISO 9000 certifying body and the company awarded the prestigious ISO 9001:2008 Certification. Dalbit Petroleum in a study conducted by KPMG in 2008, was recognized as one of the Top 100 fastest growing mid-sized companies in Kenya. Ranked No. 20, Dalbit Petroleum Ltd was awarded with a trophy and a certificate.
To enhance the efficiency of her services, the Company from the onset invested in a state-of-the-art computing technology. The entire business operations, from Supply, Planning and Operations, Human Resources, Sales and marketing to Finance are completely mapped out and co-ordinated using Operational Manuals and master budgets that conform to International standards. As mentioned earlier, the Company is ISO 9001:2008 certified.
Mission Statement
“To be the most competitive, efficient, reliable and personalized supplier of petroleum products, that satisfy our customers while maximizing on returns to shareholders and employees. ”
Way Forward
Dalbit Petroleum Ltd intends to develop herself as a fully integrated oil company commanding optimum control over the pricing of the “whole barrel’ of oil from sourcing and transportation through to the importation, distribution and wholesale of the product in Kenya.
The company’s ultimate objective is to be a total energy solutions provider in the country.
Source of Supply
Dalbit Petroleum sources the material that it sells through direct imports of crude oil which are processed at the Mombasa refinery (KPRL)
The company also participates in the local Industry Tender system and private imports of refined product.
As far as storage of the product is concerned, the company has entered into various Storage and Throughput Agreements with the Kenya Pipeline Company, Kenya Shell, Total Kenya, and NOCK. Through these agreements the company is able to access sufficient product storage and handling capacity to meet its requirement both within the country and to satisfy its logistical support of its parent company to transit products to other affiliates within the East and Central Africa Region.
Human Resource and Services
Dalbit Petroleum Limited comprises five divisions namely;
1. Supply Planning and Operations
2. Sales and Marketing
3. Finance and Administration
4. Information Systems
5. Corporate Affairs and HR
2. Sales and Marketing
3. Finance and Administration
4. Information Systems
5. Corporate Affairs and HR
The company has a qualified, dynamic and experienced workforce that enjoys immense support from its parent company.
In total, The Company presently employs 30 staff members.
Dalbit Petroleum recognizes that a crucial element towards achieving the Company’s objectives is a satisfied and highly motivated workforce. It is as a result of this that the Company is committed to maintaining a lean & flat organization structure aimed at creating an enabling environment that fosters professionalism, personal development, commitment to duty and a keen sense of responsibility amongst the entire workforce.
Nice article about Dalbit Humphrey. Also congratulating you on the recent oil supply deal with UN and being the largest tax payer in the oil sector. Was enquiring why Dalbit is yet to launch upstream operations despite its financial prowess. This can be made easy through acquisitions.
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