Kenya's state-run oil and gas company National Oil Corporation (NOC) is now listed on the Nairobi (Kenya) and London (United Kingdom) stock exchanges. This will allow the company to levy US$1bn in order to purchase Tullow Oil's interest in the 13T and 10BB onshore blocks in the Turkana county (north-east of Kenya). The move was long-awaited by the domestic oil and gas industry and NOC, which was focused on the downstream business.
NOC plans to play a leading role in its domestic oil and gas market and intends to acquire significant interests in oil and gas assets, thus ensuring high levels of public revenues. Kenya's oil resources are evaluated at 2,199 mbl (2016) and oil production could start as early as 2021 after the government's 2016 agreement with Tullow Oil, Africa Oil and Moller Maersk for the development of a 891-km long crude oil pipeline between Lochikar in the north west and Lamu.