Dalbit Petroleum Ltd 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 to export to the neighbouring Great Lakes region in Africa. The full range of petroleum products are marketed by the Company namely, PMS, RMS, DPK, AGO, IDO, Fuel oil and Bitumen.
The Company commenced operations in March 2002 and became a signatory to the Kenya Petroleum refinery ltd Agreement in May 2002. The Company processed its 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 has an extensive sales and marketing network with branch offices in Sudan, Tanzania ,Uganda ,Rwanda & Burundi and is able to supply petroleum products reliably in Kenya and throughout the entire East and Central Africa region.

COMPANY OBJECTIVES

Dalbit’s objectives are to engage in an efficient, responsible and profitable business with a long term goal of becoming one of the key players in the East and Central African Region’s petroleum industry. The Company’s strategy is to compete fairly and professionally with existing market forces in the course of which the aim is to achieve 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 countries that the Company operates in.

COMPANY MISSION STATEMENT:

‘To be the most competitive, efficient, reliable and personalised supplier of petroleum products , that satisfy our customers while maximising on returns to shareholders and employees. ‘

KEY ACHIEVEMENTS TO-DATE:

• Since inception in March 2002, the Company has witnessed impressive steady growth establishing offices throughout the entire East African region and employing over 50 personnel. The company’s average monthly sales volumes are between 8 - 10million litres ( a turn over of appx usd 6 million/month).
  
• Dalbit Petroleum was last year recognized as a Distinguished Tax Payer by the Kenya Revenue Authority. ( A copy of the Award is attached as Appendix II)

GROWTH IN SALES & VOLUMES:

The graph illustrates the company’s volume performance since commencement of operations in March 2002.

To enhance the efficiency of its services, the Company has invested in a state-of-the-art computing technology unmatched by its contemporaries.

The entire business operations spanning from Supply, Operations and Planning, Human Resources, Sales and marketing to Finance are completely mapped out and coordinated using Operational Manuals and master budgets that conform to International standards. The Company is also in the process of acquiring ISO 9001:2000 certification.

SALES & MARKETING:

The Company’s ability and readiness to make quick and prudent decisions enabling it to adjust to new market circumstances coupled with stringent day to day risk management policy is one of the Company’s key strengths. This is made possible by the fact that the Company maintains a fairly flat organisation structure and an open office plan to facilitate quick consultations and decision making. Three of the main shareholders are also Company Executive Directors which further facilitates quick decision and policy making.

CUSTOMER BASE AND SOURCE OF SUPPLY

The company enjoys a very wide customer base. Dalbit Petroleum supplies various government ministries, parastatals and other state enterprises through to all areas of the private sector. These cover sales to the agricultural and horticultural industries, the smaller privately owned petrol stations, transport companies, hotel chains, resellers, and the manufacturing industry. The Company has also established a regional export presence with offices in Rwanda, Burundi, Tanzania, Uganda and a licensed depot operation in Southern Sudan.
Dalbit Petroleum sources the material that it sells through direct imports of crude oil which are processed at the Mombasa refinery (KPRL), as well as through the local Industry Tender system and private imports of refined product.

COMPANY HUMAN RESOURCES AND SERVICES:

The Company comprises of four divisions namely; Supply Planning and Operations, Sales and Marketing, Finance and Administration, Corporate Affairs and HR. Dalbit has a qualified, dynamic and experienced team of managers heading these functions sourced from a cross section of the commercial business sector. The Company presently employs over 45 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 organisation 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 based at the Company’s various business operations throughout the region.
The Company Organogram is attached as appendix I.

COMPANY BANKERS

- Barclays Bank of Kenya (K) Westlands Branch, Nairobi.
- Standard Chartered Bank (K) Westlands Branch, Nairobi.
- Kenya Commercial Bank – Moi Avenue Branch, Nairobi, as well as in Eldoret and Nakuru .
- Cooperative Bank of Kenya – Industrial Area, Nairobi.

AUDITORS

Shan Patel and Company
Certified Public Accountants
Laxmi Plaza, Biashara Street
P.O. Box 41652
NAIROBI
KENYA

PHYSICAL LOCATION OF THE COMPANY’S HEAD OFFICE & CONTACT NAMES:

Dalbit Petroleum Ltd
Off Mandera Road,
Kileleshwa,
NAIROBI,
KENYA.

The Following are the names of the Company Directors and the Senior Management team:

Chairman and CEO - Humphrey K Ndegwa (Kenyan) Executive
Director Alastair Cavenagh - ( Kenyan) Executive
Director Stuart Herd –( Kenyan Executive
Director David Mitchell –( Kenyan
Director Tushar Pujara – ( Kenyan)
Corporate affairs Director – Margaret K Mbaka , B.A (Hons), Dip(s) Human resources and Marketing.

Finance & Administration Manager – Romson Njagih – BSc(Civil Engineering) CPA(K), CPS(K)

Supply & Logistics Manager , Daniel Kinyua – B.A (Economics)
Msc (Economics)

Export Sales Manager – Peter Ngere – BSc(Mechanical Engineering)