National Oil Corporation of Kenya

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National Oil Corporation of Kenya
Parastatal
Industry Petroleum industry
Founded 1981
Key people
Samuel Gakunga
Ag. Chairman
MaryJane Mwangi[1]
CEO
Products petroleum, 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]

Location[edit]

the main offices are of the company are located at Kawi House, South C Red Cross Road, (Behind Boma Hotel), 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).[3]

Overview[edit]

The company was incorporated in 1981[2] and began operations in 1984.[4] NOCK is involved in (a) "upstream activities" of oil and gas exploration (b) "midstream activities" of petroleum infrastructure development and (c) "downstream activities" such as marketing of petroleum products.[2]

Service stations[edit]

As of August 2017, NOCK operates 99 service stations across Kenya,[5] down from 120 in 2016,[5] but up from 85 in May 2012.[6]

Controversy[edit]

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.[7] 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.[8][9] MaryJane Mwangi, the General Manager in charge of downstream operations at National Oil, was appointed Acting CEO in July 2016.[10] 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.[5]

References[edit]

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

External links[edit]