National Oil eyes Sh5bn from investor in fuel stations deal

A National Oil branded petrol station. 

Photo credit: File | Nation Media Group

The National Oil Corporation (NOC) is eyeing at least Sh5 billion from the State-backed turn-around deal that will see it secure an investor to run its more than 100 petrol stations.

Chief executive Leparan Morintat told the Business Daily that Sh3 billion will be working capital and the rest will be used to revamp and rebrand the firm’s fuel stations.

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