Texas Energy Limited is a leading oil marketing company with presence in the East African region. In this article, WoK brings you the story of Abdihakim Ibrahim – the tycoon behind Texas Energy Limited which operates Texas Petrol Stations.
Abdihakim Ebrahim attended Maseno University-graduating in 2005 with a Bachelor of Business Administration (BBA) specializing in Marketing. He moved to the United Kingdom (UK) in 2008 where he joined the Chartered Institute of Marketing Moor Hall, Cookham, Berkshire to pursue a Professional Diploma in Marketing.
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He returned to Kenya in 2013 and joined Strathmore University where he graduated in 2015 with a Master of Business Administration.
He began his career journey in February 2006 at BIDCO Oil refineries limited Kenya as a salesman. In October 2006, he joined Hass Petroleum as a marketing executive, a position he held for five months.
In February 2007, the entrepreneur was promoted to a team leader at the company, a position he held until August 2009 when he finally said goodbye.
Abdihakim joined Gulf Energy Limited in September 2009, a position he held for five years and eight months. He has been CEO of Texas Energy Limited since May 2015, a position he holds to date.
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Texas Energy Limited is a Kenyan based private oil and gas trading company with operations in Uganda, Rwanda, South Sudan, Burundi and DR Congo. The company was established on 20 November 2014 and has since imported 18 ship cargo of petroleum products amounting to 1,347,173 metric tonnes which is 20 percent of the world market.
The company operates the Texas Petrol Stations which are strategically located in Rongai, Kitengela, Narok and Busia. It also deals in the supply of lubricants and Liquified Petroleum Gas (LPG) across Eastern Africa.
According to an article published on the Daily Nation, Texas Energy Limited has for the past eight years been winning the Open Tender System (OTS) in Kenya. In this system, the company imports bulk petroleum products and for the next one month all the other oil marketing companies are expected to buy from the company.
In August 2022, Texas Energy will ship 85,124 metric tonnes of petrol for consumption in September.
Texas Energy Limited Shareholders.
According to the information available at the Business Registration Service (BRS), Texas Energy CEO Abdihakim Ibrahim is the majority shareholder with 22,092 shares.
Other notable shareholders include Bomachoge Borabu MP Aspirant Nolfasson Obadiah with 12,098 shares, Nasro Dahir Ahmed with 9,468 shares and his brother Johar Dahir Ahmed with 8,942 shares as reported by Nation.