National Oil Corporation of Kenya

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]

References

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