@DailyNation

Nock eyes 100 fuel stations in turnaround plans

2 months ago, 21 July 09:38

By: Bonface Otieno

The National Oil Corporation of Kenya (Nock) plans to open about 100 new petrol stations in the next two years as part of its turnaround strategy.

The State oil marketer also plans to pick a firm “in the next few months” to partner with in setting up onshore drilling as it seeks to step up the hunt for oil and gas in its blocks.

Corporate planning and strategy head Ken Mugambi said the plan to expand its regional reach by establishing a host of petrol stations would double its market share to about 10 per cent in the next three years.

“We intend to increase the number of petrol stations under our flagship brand from 189 to 300 in the next two years.

Private retail outlets

“This makes the corporation unique in many respects because private retail outlets are mainly present in locations they feel are profitable,” said Mr Mugambi during the launch of Kenyatta University National Oil Service Station on Friday.

The Nock, incorporated in 1981, is involved in the marketing of petroleum products and the development of related infrastructure as well as the exploration of oil and gas.

The firm began operations in 1984 with a strategic mandate to play a price-stabilising role and arrest any cartel-like behaviour by private marketers.

The corporation has, however, lagged behind its competitors in the supply of lubricants — a factor it attributes to a lack of its own blending plant, forcing it to rely on competitors for the service.


Read More


Category: topnews news business

Suggested

4 hours ago, 23:53
@TheStar - By: James Mbaka,@onch ...
Family seek Sh13.7m for Gichana’s release

The family of flamboyant businessman Don Bosco Gichana, who has been on trial at an Arusha court, are mobilising Sh13.7 million fine to secure his release.Last Thursday, Gichana pleaded guilty to four ...

Category: topnews news
1 hours ago, 03:23
@TheStar - By: Moses Odhiambo @a ...
Data bundles, money transfer to cost more if MPs back Uhuru's VAT proposal

Kenyans will have to pay more for mobile money transfers if MPs back President Uhuru Kenyatta's memorandum on the Finance Bill, 2018. The president, in his proposed amendments, seeks Parliament's appr ...

Category: topnews news
1 hours ago, 03:12
@TheStar - By: Moses Odhiambo @a ...
Data, money transfer to cost more if MPs back Uhuru's VAT proposal

Kenyans will have to pay more for mobile money transfers if MPs back President Uhuru Kenyatta's memorandum on the Finance Bill, 2018. The president, in his proposed amendments, seeks Parliament's appr ...

Category: topnews news
1 hours ago, 02:59
@TheStar - By: Gilbert [email pr ...
Africa can’t develop without protecting environment- UNEP

The United Nations Programme has challenged African countries to drop the notion that they can develop first before caring for the environment. UNEP Executive Director Erik Solheim yesterday said “the ...

Category: topnews news
1 hours ago, 02:59
@TheStar - By: Hilton [email pro ...
Dissolve government to resolve budget crisis, Musalia tells Uhuru

ANC leader Musalia Mudavadi has asked President Uhuru Kenyatta to dissolve his current “crisis-ridden” government and reconstitute a new one to regain Kenyans’ confidence.“Given the escalating stalema ...

Category: topnews news
3 hours ago, 01:24
@DailyNation - By: Ruth Mbula
Sh14m fine to secure Don Bosco Gichana’s freedom

Businessman pleads guilty before the High Court in Arusha, Tanzania. ...

Category: topnews news

@DailyNation

Nock eyes 100 fuel stations in turnaround plans

2 months ago, 21 July 09:38

By: Bonface Otieno

The National Oil Corporation of Kenya (Nock) plans to open about 100 new petrol stations in the next two years as part of its turnaround strategy.

The State oil marketer also plans to pick a firm “in the next few months” to partner with in setting up onshore drilling as it seeks to step up the hunt for oil and gas in its blocks.

Corporate planning and strategy head Ken Mugambi said the plan to expand its regional reach by establishing a host of petrol stations would double its market share to about 10 per cent in the next three years.

“We intend to increase the number of petrol stations under our flagship brand from 189 to 300 in the next two years.

Private retail outlets

“This makes the corporation unique in many respects because private retail outlets are mainly present in locations they feel are profitable,” said Mr Mugambi during the launch of Kenyatta University National Oil Service Station on Friday.

The Nock, incorporated in 1981, is involved in the marketing of petroleum products and the development of related infrastructure as well as the exploration of oil and gas.

The firm began operations in 1984 with a strategic mandate to play a price-stabilising role and arrest any cartel-like behaviour by private marketers.

The corporation has, however, lagged behind its competitors in the supply of lubricants — a factor it attributes to a lack of its own blending plant, forcing it to rely on competitors for the service.


Read More

Category: topnews news business

Suggested

4 hours ago, 23:53
@TheStar - By: James Mbaka,@onch ...
Family seek Sh13.7m for Gichana’s release

The family of flamboyant businessman Don Bosco Gichana, who has been on trial at an Arusha court, are mobilising Sh13.7 million fine to secure his release.Last Thursday, Gichana pleaded guilty to four ...

Category: topnews news
1 hours ago, 03:23
@TheStar - By: Moses Odhiambo @a ...
Data bundles, money transfer to cost more if MPs back Uhuru's VAT proposal

Kenyans will have to pay more for mobile money transfers if MPs back President Uhuru Kenyatta's memorandum on the Finance Bill, 2018. The president, in his proposed amendments, seeks Parliament's appr ...

Category: topnews news
1 hours ago, 03:12
@TheStar - By: Moses Odhiambo @a ...
Data, money transfer to cost more if MPs back Uhuru's VAT proposal

Kenyans will have to pay more for mobile money transfers if MPs back President Uhuru Kenyatta's memorandum on the Finance Bill, 2018. The president, in his proposed amendments, seeks Parliament's appr ...

Category: topnews news
1 hours ago, 02:59
@TheStar - By: Gilbert [email pr ...
Africa can’t develop without protecting environment- UNEP

The United Nations Programme has challenged African countries to drop the notion that they can develop first before caring for the environment. UNEP Executive Director Erik Solheim yesterday said “the ...

Category: topnews news
1 hours ago, 02:59
@TheStar - By: Hilton [email pro ...
Dissolve government to resolve budget crisis, Musalia tells Uhuru

ANC leader Musalia Mudavadi has asked President Uhuru Kenyatta to dissolve his current “crisis-ridden” government and reconstitute a new one to regain Kenyans’ confidence.“Given the escalating stalema ...

Category: topnews news
3 hours ago, 01:24
@DailyNation - By: Ruth Mbula
Sh14m fine to secure Don Bosco Gichana’s freedom

Businessman pleads guilty before the High Court in Arusha, Tanzania. ...

Category: topnews news
Our App