National Oil Corporation of Kenya explained

National Oil Corporation of Kenya
Type:Parastatal
Foundation:1981
Key People:Kiraitu Murungi E.G.H
Chairman
Leparan Gideon Morintat[1]
CEO
Industry:Petroleum industry
Products:petroleum, oil, gas
Homepage:https://nationaloil.co.ke/

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.

Service stations

As of August 2018, NOCK operates 155 retail stations across Kenya, up from 115 in May 2017.[4]

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.[5] She was re-instated "three weeks later", pending the forensic audit. However, she chose to resign effective 1 July 2016.[6] [7] 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.[8]

External links

-1.325°N 36.8319°W

Notes and References

  1. Web site: 7 August 2017 . National Oil acting chief executive confirmed . Herbling . David . 24 Feb 2020 . . Nairobi.
  2. Web site: 7 August 2017 . Nairobi . About National Oil Corporation of Kenya . 7 August 2017 . National Oil Corporation of Kenya (NOCK) . NOCK.
  3. Web site: 1 December 2016 . Herbling . Nock starts search for CEO to replace Hassan-Athmani . David . Nairobi. . 7 August 2017.
  4. Web site: Rubadiri. Victoria. Fuel just got cheaper at National Oil stations . Nairobi . 21 May 2012 . 21 July 2012. Capital Broadcasting Network.
  5. Web site: Kenya: National Oil Board Sends CEO On Forced Leave . Nairobi . 7 August 2017 . 1 February 2016 . Immaculate . Karambu . Daily Nation via AllAfrica.com.
  6. Web site: 1 December 2016 . Nock starts search for CEO to replace Hassan-Athmani . David . 7 August 2017 . Herbling . . Nairobi.
  7. Web site: Vidija . Patrick . 11 July 2016 . National Oil CEO's controversial term comes to an end . 7 August 2017 . . Nairobi.
  8. Web site: 7 August 2017 . Confirmation of National Oil boss could stoke conflict of interest debate . 4 August 2017 . David . Herbling . . Nairobi.