Namcor acquires oil blocks in Angola

Namcor has realised one of its strategic objectives of acquiring commercially viable producing assets outside the Namibia. Namcor announced on its Twitter page that it was one of the successful bidders for exploration and producing blocks in Angola, after going through an extensive tender process, adding that ‘’Namcor has reached its target of acquiring producing assets’’. In an Agencia Lusa news report on social media, Sonangol, Angola’s government-owned oil company, says it has sold eight Angolan oil concessions, ‘’in a limited public tender without mentioning the value of the deal’’. The eight blocks in a partial sale of Sonangol’s participating…