VITAL AGENCY

NOC strategic asset, must be treated as such

It is mandated to ensure the security of supply and stability of petroleum pricing.

In Summary
  • In some developed nations like Qatar, the USA and Russia, a national oil company is highly guarded
  • What would happen if private oil marketers decide to hoard stock to increase prices? 

A recent financial audit of the National Oil Corporation portrayed a picture of a firm on its deathbed.

The firm's debt is Sh11.71 billion against equity of Sh1.41 billion as per the 2018-19 ...

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