- The NOC is a fully integrated state corporation responsible for the petroleum supply chain in the country.
- These projects align Kenya’s energy sector with global initiatives to reduce carbon emissions.
While Kenya’s oil and gas sector represents a relatively modest industry to date, its potential for high-impact discoveries is growing as regional markets uncover sizeable finds of their own. During the continent’s premier event for the oil and gas sector, African Energy Week (AEW) – scheduled for October 16-20 in Cape Town – Leparan Gideon Morintat, the CEO of the Kenya National Oil Corporation (NOC), will lead discussions on the frontier potential of the East African market, engaging with a suite of investors and project developers in the hopes of advancing investment in the burgeoning industry.
As the CEO of the NOC of Kenya, Morintat is tasked with managing the company and overseeing the development of its activities. The NOC is a fully integrated state corporation responsible for the petroleum supply chain in the country. The company plays a significant role in developing and managing Kenya’s petroleum resources, operating in the upstream, midstream, and downstream sectors. In the upstream, it facilitates oil and gas exploration, contains exploration data, and uses a petroleum laboratory. It develops petroleum infrastructure in the midstream, including a floating jetty and strategic petroleum reserves. At the same time, downstream, it has a growing retail network, offering innovative products and services and operating a non-fuel business unit.
Apart from Kenya’s petroleum sector, Kenya’s energy sector boasts notable renewable projects. The Lake Turkana Wind Farm, Africa’s largest wind power project, generates 310 MW of reliable and affordable energy, supplying electricity to around one million households. Additionally, the Menengai geothermal project, with a capacity of 35 MW, enhances power generation and enables foreign exchange savings for the government. These projects align Kenya’s energy sector with global initiatives to reduce carbon emissions.
“Participating in AEW offers an invaluable platform for CEOs of NOCs, such as Morintat, to establish meaningful connections with their counterparts in the industry. This prestigious event presents a rare opportunity for Morintat to engage in informative discussions, exchange valuable insights, and collaboratively contribute to the progressive growth of Africa’s energy sector. By fostering regional cooperation and partnership with other key players, Morintat can play a pivotal role in advancing the development of Kenya’s energy landscape,” states NJ Ayuk, the Executive Chairman of the AEC.