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National Oil Corporation of Kenya

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National Oil Corporation of Kenya
Company typeParastatal
IndustryPetroleum industry
Founded1981
Key people
Mr. Kibuga Kariithi
Chairman
[[ Leparan Gideon Morintat- ]][1]
CEO
Productspetroleum, oil, gas

The National Oil Corporation of Kenya (NOCK), is a state corporation of Kenya founded by Act of Parliament in 1981, with a mandate of participating in all aspects of the Kenyan petroleum industry.[2] The company was incorporated in 1981[2] and began operations in 1984.[3]

Location

The Head Office of the company is located at KAWI House, South C Red Cross Road, , off Popo Road, Nairobi, Kenya's capital and largest city. The coordinates of the company headquarters are: 01°19'30.0"S, 36°49'55.0"E (Latitude=-1.325000; Longitude:36.831944).[4]

Service stations

As of August 2018, NOCK operates 155 retail stations across Kenya, up from 115 in May 2017.[5]

Controversy

In January 2016, following a company loss of KSh270 million (about US$2.7 million) for the half year period from 1 July 2015 to 31 December 2015, the NOCK board of directors sent the then managing director, Sumayya Hassan-Athmani, on compulsory leave, pending a forensic audit of the company finances.[6] She was re-instated "three weeks later", by the Kenyan deputy president, William Ruto, pending the forensic audit. However, she chose to resign effective 1 July 2016.[7][8] MaryJane Mwangi, the General Manager in charge of downstream operations at National Oil, was appointed Acting CEO in July 2016.[9] Mwangi, a holder of Master of Business Administration degree from the University of Nairobi, was confirmed as the chief executive officer at National Oil, effective 1 August 2017.[10]

References

  1. ^ Herbling, David (7 August 2017). "National Oil acting chief executive confirmed". Business Daily Africa. Nairobi. Retrieved 24 February 2020.
  2. ^ a b NOCK (7 August 2017). "About National Oil Corporation of Kenya". Nairobi: National Oil Corporation of Kenya (NOCK). Retrieved 7 August 2017.
  3. ^ Herbling, David (1 December 2016). "Nock starts search for CEO to replace Hassan-Athmani". Business Daily Africa. Nairobi. Retrieved 7 August 2017.
  4. ^ "Location of the Headquarters of the National Oil Corporation of Kenya" (Map). Google Maps. Retrieved 7 August 2017.
  5. ^ Rubadiri, Victoria (21 May 2012). "Fuel just got cheaper at National Oil stations". Nairobi: Capital Broadcasting Network. Retrieved 21 July 2012.
  6. ^ Karambu, Immaculate (1 February 2016). "Kenya: National Oil Board Sends CEO On Forced Leave". Daily Nation via AllAfrica.com. Nairobi. Retrieved 7 August 2017.
  7. ^ Herbling, David (1 December 2016). "Nock starts search for CEO to replace Hassan-Athmani". Business Daily Africa. Nairobi. Retrieved 7 August 2017.
  8. ^ Mutegi, Mugambi (11 July 2016). "National Oil CEO's controversial term comes to an end". Business Daily Africa. Nairobi. Retrieved 7 August 2017.
  9. ^ Vidija, Patrick (11 July 2016). "MaryJane Mwangi appointed acting National Oil CEO". The Star (Kenya). Nairobi. Retrieved 7 August 2017.
  10. ^ Herbling, David (4 August 2017). "Confirmation of National Oil boss could stoke conflict of interest debate". Business Daily Africa. Nairobi. Retrieved 7 August 2017.
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