AOG merges its trading and downstream businesses into one division - Oryx Energies
04 February 2013
AOG has merged its trading and downstream businesses to form a simple platform, Oryx Energies. The move aims to transform one of Africa's largest and longest-established independent oil and gas players into a single, extensive and seamlessly integrated downstream platform, concluding an integration strategy started in 2009.
"We have been sourcing and distributing oil and gas products in Africa for over 25 years. This merger demonstrates our commitment to continuously adapt to the energy needs of the continent, creating a value chain from product sourcing to storage and distribution for domestic, commercial and maritime customers", said AOG's founder and Chairman, Jean Claude Gandur."It puts us in the enviable position of being able to ensure a reliable supply, as well as high product and service quality", he added.
Oryx Energies will be expanding its integrated downstream model, including further growth in its speciality product areas:
- Liquefied Petroleum Gas (LPG), as a cleaner, more environmentally friendly and affordable alternative to firewood, charcoal and kerosene;
- Lubricants, essential to just about every form of power generation on land and at sea; and
- Bitumen, to support the infrastructure development necessary for economic and social development.
Oryx Energies recently acquired new assets in Uganda and will be opening a major storage terminal and bunkering service in strategically-located Las Palmas, towards the end of the year. These are just a couple of examples of the expansion plans that aim to ensure the provision of essential energy to both urban and rural areas across sub-Saharan Africa over the coming years.
