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Oryx Energies one of the top 5 players in the Ugandan downstream oil and gas business, has hired Michael Nduhuukire as its new Managing Director for Oryx Energies (U) Ltd and Oryx Gas (U) Ltd.
Nduhuukire is one of the most experienced leaders in the industry across the region having worked across many markets, including Tanzania, DRC, Rwanda, Burundi and the United Arab Emirates (UAE).
He is also the only indigenous Ugandan Chief Executive amongst the top 5 companies in the industry.
He joins Oryx from the MOGAS Group where until recently, he was the Regional Chief Executive covering Rwanda, Burundi, Congo and Dubai-UAE markets. Prior to that, he was the Managing Director of MOGAS Tanzania, the biggest entity within the MOGAS Group.
Before joining the downstream oil and gas business, Nduhuukire worked with Standard Chartered Bank and Barclays Bank where he handled mainly commodity companies as a trade finance expert.
Oryx Energies Uganda Limited is a subsidiary of the Oryx Energies Group of companies, that is headquartered in Geneva (Switzerland) and majority-owned by the private investment group AOG. Oryx has been present on the African continent for over 30 years and currently plays in 17 countries, through 24 affiliates. The Group aims to be “the most extensive and integrated energy platform in Sub-Saharan Africa”.
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Oryx Energies has operated in Uganda since November 2012, when it acquired Engen Uganda Ltd, as part of the planned expansion of its integrated downstream energy platform across sub-Saharan Africa.
The acquisition included 10 fuel service stations, mainly situated in and around the capital, Kampala, but these have since been increased to 16 stations. Oryx has also since introduced Oryx Gas and Oryx Lubricants into the Ugandan market. In 2015, the company invested an LPG storage and filling plant with a 70m3 storage capacity. This has enabled Oryx to climb to the No.3 position in the LPG space.
The company also strongly relies on the mega-infrastructure of its sister companies in the region, especially in Tanzania that includes a 307.8 million litres fuel storage facility and an 8.3 million litres LPG storage facility as well as a 30,000 metric tonnes lubricants production facility to feed the Ugandan market.
Oryx also runs Oasis, an in-service station convenience store brand.