National Oil Corporation of Kenya (NOCK)

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The National Oil Corporation of Kenya (NOCK) was founded in 1981 and has the mandate to "participate in all aspects of the petroleum industry."[1] Its service delivery is overseen by the Ministry of Energy and Petroleum.[2] Through NOCK the Kenyan state enters into production sharing contracts with foreign companies and participates in exploration activities.[3]

Organisation

NOCK is headed by a Board of Directors which oversees the strategic management and growth of the corporation.[4] The board is appointed by the Minster of Energy and led by a chairman who is appointed by the President.[5]

Current Office Holders

As of October 2013, the members of the board are:

  • Peter Munga (Chairman)
  • Joseph Njoroge (from the Ministry of Energy and Petroleum)
  • Kamau Thuge (from the National Treasury)
  • Stanley Kamau (who holds the poste in alternation to a position at the National Treasury)
  • Timothy Mulaha (holds the post in alternation to a position at the Ministry of Energy and Petroleum)
  • Fatuma Hassan
  • James Gacheru
  • Ezekiel Koimett
  • Jaafar Mohamed Sheikh
  • Bernard K. Njoroge
  • Jessie Wanjiku Mutura
  • Peter Gitonga

Functions

NOCK fulfills the following functions:

  • advising Kenyan energy policy makers[8]
  • compiling national energy data, running petroleum laboratories and the development of alternative fuels[9]
  • providing stability for the Kenyan market by commercial importation, distribution, sales and exportation of energy products (In 2010, NOCK was awarded a 30 percent quota for the importation of crude oil and jet fuel. But as of March 2013 it is not importing its allocation[10] and controls about 5 percent of the Kenyan retail market.[11])

Legally, the Ministry of Energy and Petroleum has the licensing authority. However, according to IHS Global Insight, NOCK pratically acts as the licensing authority and negotiates with foreign companies.[12]

Review of functions and organisation

In July 2013, a World Bank team handed over a proposal to the government suggesting that NOCK should be split up to separate its regulatory affairs from its upstream activities.[13]

References

  1. ↑ "National Oil Corporation of Kenya". National Oil: Energizing Kenya, retrieved 29 October 2013.
  2. ↑ "Emerging East Africa Energy". Energy Information Administration, retrieved 23 May 2012.
  3. ↑ "Emerging East Africa Energy". Energy Information Administration, retrieved 23 May 2012.
  4. ↑ "Board of Directors". National Oil: Energizing Kenya, retrieved 29 October 2013.
  5. ↑ "Board of Directors". National Oil: Energizing Kenya, retrieved 29 October 2013.
  6. ↑ "Kenya". Freshfields Bruckhaus Deringer, retrieved 29 October 2013.
  7. ↑ “The Deloitte guide to oil and gas in East Africa” Deloitte, retrieved 23 October 2013.
  8. ↑ "Kenya". Freshfields Bruckhaus Deringer, retrieved 29 October 2013.
  9. ↑ "Kenya". Freshfields Bruckhaus Deringer, retrieved 29 October 2013.
  10. ↑ "National Oil Corporation of Kenya". National Oil: Energizing Kenya, retrieved 29 October 2013.
  11. ↑ “The Deloitte guide to oil and gas in East Africa” Deloitte, retrieved 23 October 2013.
  12. ↑ "Kenya". Freshfields Bruckhaus Deringer, retrieved 29 October 2013.
  13. ↑ "Proposed law for oil sector heralds row with counties". Freshfields Bruckhaus Deringer, retrieved 29 October 2013.
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