Petroleum Africa
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Tuesday, September 16, 2014
Africa Oilfield Logistics reported that the Ardan Risk & Support Services, the company’s primary investment, has entered into a 15-year lease over a sizeable land plot in northern Kenya. Ardan will use the land for the construction of a logistics hub.
The hub will include warehousing, fuel distribution, cold storage, and fleet maintenance.
This hub, as well as several others are being developed to support Ardan’s Technical Division and its expanding operations in northern Kenya centered on the rapidly growing oil exploration and production industry in the region. In addition to the lease, negotiations are ongoing for an option over a further 25 acres of land in the vicinity to further support the company’s long term regional expansion plans.
Carl Esprey, CEO of Africa Oilfield, said: “Establishing a logistics hub in the burgeoning energy and natural resource destination of Northern Kenya will be a key differential for our business over the coming years. The development of warehouses and infrastructure for fuel distribution, cold storage and fleet maintenance will enable us to meet the needs of companies in the region, and in time, we will also be able to offer warehouse space directly to our clients on a lease basis creating an additional revenue stream.”
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