Professional Documents
Culture Documents
COMPANY PROFILE
OILNET PETROLEUM UGANDA LIMITED (The Company) was incorporated in Uganda as a private limited company on March 12th, 2007 and was granted the Certificate of Incorporation on the same date. The Company is engaged in the business of wholesale distribution and supply of various petroleum products including Liquefied Petroleum Gas (LPG), Motor Gasoline (PMS), Diesel Fuel (AGO) Kerosene (BIK), and Furnace Oil throughout Uganda. Since the Company was launched in Uganda in 2007, it has proceeded with the business of petroleum products wholesale distribution and supply with a robust vision that has enabled it to develop progressively and grow aggressively during this period, and by primarily focusing on the wholesale distribution and supply segment of the market, it has been able to roll out the canvas by targeting to become a dominant player in the industrial, and wholesale segments. Going forward, OILNET PETROLEUM UGANDA LIMITED will be expanding its product portfolio by adding LPG and lubricants as well. Though a relatively new entrant in the field of oil marketing, OILNET PETROLEUM UGANDA LIMITED has managed to establish its presence and reputation as a progressive and dynamic business organization, focused on providing quality petroleum products and services in Uganda and neighbouring countries. Our steadily and substantially growing market share and customer confidence are a testimony to our successful policies, proactive endeavors and visionary outlook. An ambitious strategic corporate policy, implemented by a dedicated team of professionals has enabled us to sustain a commendable level of growth. OILNET PETROLEUM UGANDA LIMITED is continuously expanding and our market share and customer confidence is growing steadily. Sustaining a two-fold role in the oil market by meeting the unique demands of the region and at the same time catering effectively to the requirements of an local and regional clientele, we have effectively penetrated the market and are successfully competing with well-established oil marketing companies in Uganda. Today, with an extensive sourcing & procurement, transportation & wholesale distribution and supply outlet network, OILNET PETROLEUM UGANDA LIMITED is committed to contribute to the nations development by supplying quality products and services that are beyond the expectations of our customers and other stakeholders. 1
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Our petroleum distribution and supply network supports movement of petroleum products and provides greater economies of scale. Our marketing network supports retail outlets in more than 80 municipalities and towns all over Uganda and is an emerging leader in the oil marketing sector of our economy.
Oilnet Mission
To continuously provide quality and environment friendly petroleum products and related services to industrial, commercial and retail consumers, and exceeding their expectations through reliability, economy and quality of products and services. We are committed to benefiting the community and ensuring the creation of a safe, responsible and innovative environment geared to client satisfaction, end user gratification, employees motivation and shareholders value.
These values are the basis of our commitment to operate as a sustainable energy company.
Oilnet Culture
OILNET PETROLEUM UGANDA LIMITED (OPUL) strongly believes that its employees are the most valuable assets of the Company. OPUL ensures that every employee is valued and treated with respect and dignity. We listen to our employees without prejudice; actively and genuinely considering their viewpoints. We are open to change and always welcome any innovative ideas by our team members and work on implementation of realistic suggestions as far as possible. We offer equal opportunities for employment to everyone, irrespective of beliefs, religion, race, ethnic origin, gender, color and physical attributes. Precisely, OPUL is the second home to its employees. Hence, we are proud of the fact that people love to work and stay with us. Although, the only factor which we put atop is thorough knowledge and commitment to work. Candidates with positive attitude, excellent interpersonal and communication skills, problem solving and strong analytical abilities are always encouraged to apply.
Board of Directors
Supervisory Secretariat Sub Committees Corporate Secretariat
Compliance
Compliance
Admin & Human Resource Infrastructure & Logistics Business Petroleum Marketing Business
Commercial
Management Information Systems
Services
Strategy
Treasury
Corporate Governance
The Board of Directors and Management of OILNET PETROLEUM UGANDA LIMITED companies are committed to the highest standards of corporate governance. OILNET PETROLEUM UGANDA LIMITED operations are conducted in accordance with the prevailing statutory regulations and laws. The Board of OILNET PETROLEUM UGANDA LIMITED works under a set of wellestablished corporate governance policies that reinforce the responsibilities of all Directors in accordance with the requirements. The Board regularly reviews and updates its corporate governance policies to ensure that the policies remain in accordance with best practices.
Automotive Diesel Oil (AGO) Premier Motor Gasoline (PMS) Illuminating Kerosene (BIK) 8
Solvent Oils (SO) Furnace Fuel Oil (FFO) Bitumen (Asphalt) Lubricants (Automotive/Industrial) LPG (Liquefied Petroleum Gas)
OILNET PETROLEUM UGANDA LIMITED is targeting to become a major exporter of refined petroleum products and lubricants to neighboring countries like DR Congo and South Sudan.
Lubricants
OILNET PETROLEUM UGANDA LIMITED (OPUL) offers a wide range of high quality lubricants to cater to the growing demand of the market. We are fully equipped to meet the rising needs of our valued clientele in this highly competitive market, as our lubricants range include both automotive and industrial grades blended with top quality base oils and additives. OPUL lubricants help your vehicles of machinery by:
Provide fuel economy and energy efficiency Reduce friction, heat and wear Reduce operating and maintenance cost Improve power (performance) and extended equipment life
The leading edge technologies of our products endowed with the expertise of our employees provide the value to our customers that exceed their expectations. It is our commitment to deliver lubrication solutions beyond todays standards to provide our customers with not only superior performance, but superior savings.
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INFRASTRUCTURE
Oil Terminals
OILNET PETROLEUM UGANDA LIMITED intends to construct new oil terminals at strategic locations near Kampala, Jinja, Gulu and Mbarara that will give us a uniform regional geographical presence throughout Uganda. In doing so, OILNET PETROLEUM UGANDA LIMITED will therefore keep a step ahead of the competition in the development, running and maintenance of an optimal and well-developed storage and supply infrastructure that will give us added significance in catering to the ever rising energy demands of the country.
Logistics
OILNET PETROLEUM UGANDA LIMITED (OPUL) intends to build a world class infrastructure for the distribution of petroleum products throughout the country. Every day scores of vehicles will be rolling out from our oil depots to travel vast stretches across the width and breadth of Uganda to reach out to our customers. In this way, we will be able to touch the lives of millions of people across the country by meeting their energy needs. Such a supply chain is ensured via using a state-of-the-art vehicles tracking system that each product is delivered to its customers at the right time in the right quantity and quality. The journey of each vehicle is tracked from the moment it leaves the installation to the customer's doorstep, providing more than just a service, but peace of mind and confidence that comes therewith.
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OUR RESPONSIBILITY
Corporate Social Responsibility
Our corporate aim is to manage our business to promote sustainable social, environmental and economic benefits to all stakeholders wherever we operate. OILNET PETROLEUM UGANDA LIMITED (OPUL) values its stated policies regarding environment, health and safety, honesty and integrity in conducting business, commitment to the community, and creating a great place to work. OILNET PETROLEUM UGANDA LIMITED (OPUL) is committed to respect all laws and regulations. Partnerships With expanding energy operations, our investments play an increasingly important role for Uganda. OILNET PETROLEUM UGANDA LIMITED (OPUL) actively engages in dialogue and partnership with a broad range of industry organizations, government ministries and agencies and non-governmental organizations (NGOs). Through participation, engagement and financial support, OILNET PETROLEUM UGANDA LIMITED (OPUL) consistently strives to live its values within the business and the community. We expect to forge similar partnerships in the future which can strive to support the communities where we operate. Transparency OILNET PETROLEUM UGANDA LIMITED (OPUL) practices transparency in all business dealings, accessibility of records and fiscal responsibility. The company recognizes that transparency and accountability can provide the foundation for good governance and sustainable business. Within its sphere of influence, OILNET PETROLEUM UGANDA LIMITED (OPUL) strives for financial transparency. Performance Reporting OILNET PETROLEUM UGANDA LIMITED (OPUL) is committed to communicate openly regarding performance against various corporate responsibility goals. We plan to initiate an annual performance reporting in the future for information of all stakeholders.
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Workers Protection and Wellbeing: To enable all employees to accept individual responsibility for EHS, implement best practices and work in partnership to create an ethos of continuous improvement by providing appropriate training & information. Contractor Safety: To work with and demand compliance from our contractors for adhering to our EHS Policies and Procedures, thereby ensuring high standards for protection of our environment workers and assets. Employee Responsibilities
Environmental Protection: Adopt best in class practices that protect the environment, including reducing the quantity of emissions, developing opportunities for recycling, pollution prevention, and efficient use recyclable materials. Emergency Vigilance: Anticipate emergency situations and be ready to respond appropriately to eliminate harm to the environment, people and property. 13
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Directors and employees are expected to exercise honesty, objectivity and due diligence in the performance of their duties and responsibilities. They are also directed to perform their work with due professionalism. 2. Compliance with Laws, Rules and Regulations
The Company is committed to comply, and take all reasonable actions for compliance, with all applicable laws, rules and regulations of state or local jurisdiction in which the Company conducts business. Every director and employee, no matter what position he or she holds, is responsible for ensuring compliance with applicable laws. 3. Full and Fair Disclosure
Directors and employees are expected to help the Company in making full, fair, accurate, timely, and understandable disclosure, in compliance with all applicable laws and regulations, in all reports and documents that the Company files with, furnishes to or otherwise submits to, any governmental authorities in the applicable jurisdiction, and in all other public communications made by the Company. Employees or directors who have complaints or concerns regarding accounting, financial reporting, internal accounting control or auditing matters are expected to report such complaints or concerns in accordance with the procedures established by the Company's Board of Directors. 16
Directors and employees, irrespective of their function, grade or standing, must avoid conflict of interest situations between their direct or indirect (including members of immediate family) personal interests and the interest of the Company. Employees must notify their direct supervisor of any actual or potential conflict of interest situation and obtain a written ruling as to their individual case. In case of directors, such ruling can only be given by the Board, and will be disclosed to the shareholders. 5. Corporate Opportunities
Directors and Employees are expected not to: a) take personal use of opportunities that are discovered through the use of Company property, information or position. b) use Company property, information, or position for personal gains. Directors and employees are expected to put aside their personal interests in favor of the Company interests. 6. Competition and Fair Dealing
The Company seeks to outperform its competition fairly and honestly. Stealing proprietary information, possessing trade secret information that was obtained without the owner's consent, or inducing such disclosures by past or present employees of other companies is prohibited. Each director and employee is expected to deal fairly with Company's customers, suppliers, competitors, and other employees. No one is to take unfair advantage of anyone through manipulation, abuse of privileged information, or any other unfair practice. The Company is committed to selling its products and services honestly and will not pursue any activity that requires acting unlawfully or in violation of this Code. Bribes, kickbacks, and other improper payments shall not be made on behalf of the Company in connection with any of its businesses. However, tip, gratuity or hospitality may be offered if such act is customary and is not illegal under applicable law. Any commission payment should be justified by a clear and traceable service rendered to the 17
The Company believes in providing equal opportunity to everyone around. The Company laws in this regard have to be complied with and no discrimination upon race, religion, age, national origin, gender, or disability is acceptable. No harassment or discrimination of any kind will be tolerated; directors and employees need to adhere standards with regard to child labor and forced labor. 8. Work Environment
All employees are to be treated with respect. The Company is highly committed to providing its employees and directors with a safe, healthy and open work environment, free from harassment, intimidation, or personal behavior not conducive to a productive work climate. In response the Company expects consummate employee allegiance to the Company and due diligence in his job. The Company also encourages constructive reasonable criticism by the employees of the management and its policies. Such an atmosphere can only be encouraged in an environment free from any prospects of retaliation due to the expression of honest opinion. 9. Protect Health, Safety and Security
The Company intends to provide each director and employee with a safe work environment and comply with all applicable health and safety laws. Employees and directors should avoid violence and threatening behavior and report to work in fair condition to perform their duties. 10. Record Keeping
The Company is committed to compliance with all applicable laws and regulations that require the Company to maintain proper records and accounts which accurately and fairly reflect the Company's transactions. It is essential that all transactions be recorded and described truthfully, timely and accurately on the Company's books. No false,
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All directors and employees, both during and after their employment, must respect the exclusivity and trade secrets of the Company, its customers, suppliers and other colleagues and may not disclose any such information unless the individual or firm owning the information properly authorizes the release or disclosure. All the Companys assets (processes, data, designs, etc) are considered as certified information of the Company. Any disclosure will be considered as grounds, not only for termination of services/employment, but also for criminal prosecution, legal action or other legal remedies available during or after employment with the Company to recover the damages and losses sustained. 12. Protection and Proper use of Company Assets / Data
Each director and employee is expected to be the guardian of the Company's assets and should ensure its efficient use. Theft, carelessness and waste have a direct and negative impact on the Company's profitability. All the Company assets should be used for legitimate business purposes only. The use, directly or indirectly, of Company funds for political contributions to any organization or to any candidate for public office is strictly prohibited. Corporate funds and assets will be utilized solely for lawful and proper purposes in line with the Companys objectives. 13. Gift Receiving
Directors and employees will not accept gifts or favors from existing or potential customers, vendors or anyone doing or seeking to do business with the Company. However, this does not preclude giving or receiving gifts or entertainment which are
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All communications, whether internal or external, should be accurate, forthright and where ever required, confidential. The Company is committed to conduct business in an open and honest manner and provide open communication channels that encourage candid dialogue relative to employee concerns. The Company strongly believes in a clean desk policy, and expects its employees to adhere to it not only for neatness but also security purposes. 15. Employee Retention
High quality employees attraction and retention is very important. The Company will offer competitive packages to the deserving candidates. The Company strongly believes in personnel development and employee-training programs are arranged regularly. 16. Internet use / Information Technology
As a general rule, all Information Technology related resources and facilities are provided only for internal use and/or business-related matters. Information Technology facilities which have been provided to employees should never be used for personal gain or profit, should not be misused during work time, and remain the property of the Company. Disclosure or dissemination of confidential or proprietary information regarding the Company, its products, or its customers outside the official communication structures is strictly prohibited. 17. Compliance with Business Travel Policies
The safety of employees while on a business trip is of vital importance to the Company. The Company encourages the traveler and his/her supervisor to exercise good judgment when determining whether travel to a high-risk area is necessary and is for the Companys business purposes. It is not permitted to combine business trips with a vacation or to take along spouse, relative or friend without the prior written authorization from Management.
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It is the responsibility of each director and employee to comply with this code. Failure to do so will result in appropriate disciplinary action, including possible warning issuance, suspension, and termination of employment, legal action and reimbursement to the Company for any losses or damages resulting from such violation. Compliance also includes the responsibility to promptly report any apparent violation of the provisions of this code. Any person meeting with difficulties in the application of this code should refer to the management.
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