Market News

  • Nock eyes buyers of Nairobi oil terminal

    Posted on :Tuesday , 12th September 2017

     National Oil Corporation of Kenya (Nock) has put on sale its multi-million shilling Nairobi petroleum depot, just eight years after expanding the facility to match growing fuel storage demand.

     
    The State-owned oil marketer said it had received a bid for an outright acquisition of the terminal that also has a truck loading facility and a warehouse.
    &. . .

  • National Oil rolls out cooking gas initiative

    Posted on :Friday , 11th August 2017

     National Oil has kicked off the pilot phase of its cooking gas distribution and marketing project dubbed Mwananchi Gas in 17 counties.

    The programme, which started a year ago, is being implemented at a cost of Sh5 billion. It is aimed at getting more households to use gas as their preferred means of cooking.

    The initiative will see the initial retail price of a 6kg gas cyl. . .

  • Government trains 349 Kenyans in oil exploration

    Posted on :Friday , 11th August 2017

     The Government has trained 349 Kenyans in oil exploration over the past four years, according Devolution Cabinet Secretary Mwangi Kiunjuri. In a speech read on his behalf by Fisheries Principal Secretary Japheth Ntiba Micheni at a conference in Kakamega, the CS said the training cost Sh480 million.

    He said those trained were drawn from various Government agencies. Kiunjuri said th. . .

  • Tullow Strikes More Oil In Kenya

    Posted on :Friday , 11th August 2017

     Tullow Oil has announced a find in the Emekuya-1 oil well in the South Lokichar basin in the northwestern part of the country. The exploration well was drilled in the Block 13T, which the UK-based, Africa-focused company operates with a 50-percent interest in partnership with Maersk Oil and Africa Oil Corporation, both with 25-percent stakes.

     
    The well revealed. . .

  • National Oil acting chief executive confirmed

    Posted on :Friday , 11th August 2017

     The National Oil Corporation of Kenya has confirmed interim boss Mary Jane Mwangi as chief executive after acting for a year.

     
    The State-owned firm said Ms Mwangi was ranked top in the interview and will now head the firm for three years effective August 1.
     
    “She is expected to drive change, lead and build a competitive fully. . .

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