National Oil Corporation eyes larger pie of gas market
PHOTO | FILE National Oil Corporation of Kenya is investing $5 million to set up a cooking gas filling plant in Nairobi.
What you need to know:
- The state-owned oil marketer is hoping to increase its markets share from the current five per cent to 20 per cent in the next two years once the plant starts production.
- The National Oil brand of cooking gas has an average domestic market share of five per cent which they hope will reach 20 per cent, she said.
National Oil Corporation of Kenya is investing $5 million to set up a cooking gas filling plant in Nairobi.
The state-owned oil marketer is hoping to increase its markets share from the current five per cent to 20 per cent in the next two years once the plant starts production.
MARKET SHARE
“This will provide additional income for National Oil from hospitality services as well as from the expected growth in sales,” said MaryJane Mwangi, a Nock general manager.
The National Oil brand of cooking gas has an average domestic market share of five per cent which they hope will reach 20 per cent, she said.
The plant will cut Nock’s cost of refilling cylinders from other marketers.
