Rubis Energy Stories

NOCK declared "technically insolvent" as MPs order special audit into state oil agency
NOCK declared "technically insolvent" as MPs order special audit into state oil agency
Lucy Mumbi  |  Jul 31, 2025

NOCK is unable to meet its recurrent expenditures, owes over Sh7.4 billion in debt, and is at risk of defaulting on loans from major banks.

MPs raise alarm over NOCK's financial collapse in face of Sh3 billion Rubis loan
MPs raise alarm over NOCK's financial collapse in face of Sh3 billion Rubis loan
Maureen Kinyanjui  |  Jul 31, 2025

NOCK’s Chief Executive Officer Leparan Gideon Ole Morintat told the committee that the firm is in a difficult financial state and explained the deal w...

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