Nock’s revival plan fails as Rubis Kenya walks away

The proposed partnership between the National Oil Corporation of Kenya (Nock) and French oil giant Rubis collapsed due to the government's failure to repay a loan exceeding 10 billion shillings. Rubis had conditioned the deal on the National Treasury covering these debts. This setback further complicates Nock's situation against well-established competitors like Vivo Energy and TotalEnergies.