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