Gulf Energy looks to be moving into Uganda’s oil retail market.
The Ugandan oil market is unregulated and has around 100 companies operating just over 1,000 service stations. Gulf Energy will be competing with main players Vivo Energy Uganda and Total Uganda, who have the advantage with many strategic locations around the country, which Gulf Energy may find difficult to compete against without significant investment and/or acquisition of an existing player.
Gulf Energy launched in the Kenyan market in 2006, and supplies bulk oil throughout east and central Africa. Its market share of the service station sector is below 5%.
