ENGEN targets 70% market share
ENGEN Petroleum Company is projecting a 70% market share in Uganda by 2006, Jackson Karyarugookwe, the country director, said in an interview last week.<br>Karyagookwe said ENGEN, currently the market leader in South Africa, intends to fully establish itself in Uganda through huge investments.
By Chris Omony
ENGEN Petroleum Company is projecting a 70% market share in Uganda by 2006, Jackson Karyarugookwe, the country director, said in an interview last week.
Karyagookwe said ENGEN, currently the market leader in South Africa, intends to fully establish itself in Uganda through huge investments.
“Our target is to achieve at least a 70% market share by 2006. We have developed several plans of investment in the sector, including the establishment of over 20 new fuel stations across the country this year alone and the building of more high-class reservoir tanks,†Karyarugookwe said.
He said ENGEN is currently the only fuel provider with double-coated underground tanks, encased in fiber glass, ensures that the fuel’s quality remains intact.
Karyagookwe said they had so far built three new state-of-the-art fuel stations in Rubaga, Naalya, and Nakawa valued at over $1m. ENGEN has been in Uganda for three months.
He said they have remained keen on providing high quality fuel, “and above all a very friendly service with a smile.â€
Karyagookwe said to maintain quality services, all their agents including their subordinates who man the quick shops at the fuel stations are trained from South Africa.
He said the sector was being challenged by the mushrooming of makeshift fuel dealers.
Ends
ENGEN Petroleum Company is projecting a 70% market share in Uganda by 2006, Jackson Karyarugookwe, the country director, said in an interview last week.
Karyagookwe said ENGEN, currently the market leader in South Africa, intends to fully establish itself in Uganda through huge investments.
“Our target is to achieve at least a 70% market share by 2006. We have developed several plans of investment in the sector, including the establishment of over 20 new fuel stations across the country this year alone and the building of more high-class reservoir tanks,†Karyarugookwe said.
He said ENGEN is currently the only fuel provider with double-coated underground tanks, encased in fiber glass, ensures that the fuel’s quality remains intact.
Karyagookwe said they had so far built three new state-of-the-art fuel stations in Rubaga, Naalya, and Nakawa valued at over $1m. ENGEN has been in Uganda for three months.
He said they have remained keen on providing high quality fuel, “and above all a very friendly service with a smile.â€
Karyagookwe said to maintain quality services, all their agents including their subordinates who man the quick shops at the fuel stations are trained from South Africa.
He said the sector was being challenged by the mushrooming of makeshift fuel dealers.
Ends