The National Oil Corporation of Kenya (NOCK), is a
state corporation
A state-owned enterprise (SOE) is a government entity which is established or nationalised by the ''national government'' or ''provincial government'' by an executive order or an act of legislation in order to earn profit for the government ...
of
Kenya
)
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founded by
Act of Parliament
Acts of Parliament, sometimes referred to as primary legislation, are texts of law passed by the Legislature, legislative body of a jurisdiction (often a parliament or council). In most countries with a parliamentary system of government, acts of ...
in 1981, with a mandate of participating in all aspects of the
Kenyan petroleum industry.
The company was incorporated in 1981
and began operations in 1984.
Location
The Head Office of the company is located at KAWI House, South C Red Cross Road, off Popo Road,
Nairobi
Nairobi ( ) is the capital and largest city of Kenya. The name is derived from the Maasai phrase ''Enkare Nairobi'', which translates to "place of cool waters", a reference to the Nairobi River which flows through the city. The city proper h ...
, 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).
Service stations
As of August 2018, NOCK operates 155 retail stations across Kenya, up from 115 in May 2017.
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. She was re-instated "three weeks later",pending the forensic audit. However, she chose to resign effective 1 July 2016.
Mwangi, a holder of
Master of Business Administration
A Master of Business Administration (MBA; also Master's in Business Administration) is a postgraduate degree focused on business administration. The core courses in an MBA program cover various areas of business administration such as accoun ...
degree from the
University of Nairobi, was confirmed as the
chief executive officer
A chief executive officer (CEO), also known as a central executive officer (CEO), chief administrator officer (CAO) or just chief executive (CE), is one of a number of corporate executives charged with the management of an organization especial ...
at National Oil, effective 1 August 2017.
References
External links
National Oil Corporation of KenyaKenya Pipeline Company, a state corporation
{{authority control
Companies based in Nairobi
Non-renewable resource companies established in 1981
Government-owned companies of Kenya
Kenya
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, national_anthem = " Ee Mungu Nguvu Yetu"()
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, capital = Nairobi
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, largest_city = Nairobi
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Oil companies of Kenya
Kenyan companies established in 1981