{"id":4172,"date":"2023-09-14T07:18:38","date_gmt":"2023-09-14T07:18:38","guid":{"rendered":"https:\/\/iub.xkn.mybluehost.me\/website_11ab3dee\/?p=4172"},"modified":"2023-09-22T06:08:35","modified_gmt":"2023-09-22T06:08:35","slug":"revival-and-commercialization-of-noc","status":"publish","type":"post","link":"https:\/\/nationaloil.co.ke\/website_11ab3dee\/2023\/09\/14\/revival-and-commercialization-of-noc\/","title":{"rendered":"REVIVAL AND COMMERCIALIZATION OF NOC AND CREATION OF SUBSIDIARIES"},"content":{"rendered":"\n
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National Oil Corporation of Kenya Limited (NOC) is a wholly owned (100%) State Corporation incorporated in April 1981 under the Companies Act, Cap 486 of the Laws of Kenya (now repealed and replaced by Companies Act No. 17 of 2015) to represent the Government\u2019s commercial interests in the oil and gas sector.<\/p>\n

On the 8th of August 2023, the Cabinet considered and approved the restructuring of NOC by converting the current Corporation to a Holding Company and creating 3 subsidiaries for NOC Upstream, NOC Downstream, and NOC Trading Operations.<\/p>\n

This revival and commercialization of NOC will result in several benefits such as specialization and diversification of operations, enhanced efficiency, improved access to capital, enhanced risk management, and internationalization.  A revived and strengthened NOC will create jobs, reduce the cost of living, enhance oil and gas security, expand the Government revenue base,  and strengthen forex.<\/p>\n

More information can be downloaded from https:\/\/iub.xkn.mybluehost.me\/website_11ab3dee\/2023\/09\/14\/revival-and-commercialization-of-noc\/<\/a><\/p>\n

We encourage  those who may not manage to make physical submissions to send us at views@nockenya.co.ke<\/span><\/p>\n

Submit written comments within seven (7) days of the date of publication of this notice or in any case not later than 22nd September 2023 to the following address:<\/p>\n

Chief Executive officer
National Oil Corporation of Kenya Limited
KAWI Complex
Off Popo Road
Email Address: views@nockenya.co.ke<\/span>
P.O Box 58567 \u2013 00200
Nairobi<\/p>\n

Members of the public are invited for the public hearing to be held as follows:<\/strong><\/p>\n<\/div>\n<\/div>\n

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CONCEPT NOTE<\/a><\/p>\n\n\n\n

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<\/div>","protected":false},"excerpt":{"rendered":"

National Oil Corporation of Kenya Limited (NOC) is a wholly owned (100%) State Corporation incorporated in April 1981 under the Companies Act, Cap 486 of the Laws of Kenya (now repealed and replaced by Companies Act No. 17 of 2015) … Read More<\/a><\/p>\n","protected":false},"author":3,"featured_media":1657,"comment_status":"open","ping_status":"open","sticky":true,"template":"","format":"standard","meta":{"nf_dc_page":"","footnotes":""},"categories":[14],"tags":[],"class_list":["post-4172","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest-news"],"_links":{"self":[{"href":"https:\/\/nationaloil.co.ke\/website_11ab3dee\/wp-json\/wp\/v2\/posts\/4172","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nationaloil.co.ke\/website_11ab3dee\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nationaloil.co.ke\/website_11ab3dee\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nationaloil.co.ke\/website_11ab3dee\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/nationaloil.co.ke\/website_11ab3dee\/wp-json\/wp\/v2\/comments?post=4172"}],"version-history":[{"count":5,"href":"https:\/\/nationaloil.co.ke\/website_11ab3dee\/wp-json\/wp\/v2\/posts\/4172\/revisions"}],"predecessor-version":[{"id":4220,"href":"https:\/\/nationaloil.co.ke\/website_11ab3dee\/wp-json\/wp\/v2\/posts\/4172\/revisions\/4220"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nationaloil.co.ke\/website_11ab3dee\/wp-json\/wp\/v2\/media\/1657"}],"wp:attachment":[{"href":"https:\/\/nationaloil.co.ke\/website_11ab3dee\/wp-json\/wp\/v2\/media?parent=4172"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nationaloil.co.ke\/website_11ab3dee\/wp-json\/wp\/v2\/categories?post=4172"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nationaloil.co.ke\/website_11ab3dee\/wp-json\/wp\/v2\/tags?post=4172"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}