National Petroleum Corporation of Namibia (Namcor)

28 Aug

Mulunga’s suspension extended until the end of September

ObserverNational NewsMulunga’s suspension extended until the end of September, National Petroleum Corporation of Namibia (Namcor)

Martin Endjala The Board of Directors of the National Petroleum Corporation of Namibia (NAMCOR) have extended the suspension of its Managing Director Immanuel Mulunga, until 30 September 2023. This comes after the company’s Directors stated on Friday that they have received further details and findings from an independent investigation concerning the matter at hand. “In light of these findings, the Board will then deliberate and determine the most appropriate course of action,” said the Directors. The Board further highlighted that it understands the interest and concerns regarding the matter of the Managing Director, and reassured that it remains committed to…

21 Oct

Namibia shines at Africa Energy Week

ObserverNational News, Observer MoneyNamibia Investment Promotion and Development Board (NIPDB), Namibia shines at Africa Energy Week, Nangula Uaan, National Petroleum Corporation of Namibia (Namcor)

O’brien Simasiku Namibia is cherished by many countries over its recent oil discoveries in the off-shore coast including its touted development of the green hydrogen project, which will make it feature among leading energy industry players. This was evident at last week’s Invest in Namibia Country Spotlight event, organized at the African Energy Week 2022, in Cape Town where a delegation consisting of the Ministry of Mines and Energy, Namibia Investment Promotion and Development Board (NIPDB) and the National Petroleum Corporation of Namibia (NAMCOR) made breakthrough presentations to market the country. According to Africa Energy Group with major oil and…

24 May

Mulunga wins Legend Award at African Energy Summit

ObserverNational NewsAfrican Energies Summit 2022, Mulunga wins Legend Award at African Energy Summit, National Oil Company of the Year, National Petroleum Corporation of Namibia (Namcor)

Tujoromajo Kasuto The National Petroleum Corporation of Namibia (NAMCOR) has won the National Oil Company of the Year accolade for the second year running at the Africa Energies Summit, which took place from 17 to 19 May in London. Managing Director Immanuel Mulunga says that this means “our peers and the international stakeholders recognize what Namcor has achieved and the growth it has experienced in the past few years. “ He explains exclusively to the Windhoek Observer that the winners are nominated and voted for virtually by the conference attendees during the gathering and thus Namcor has been transformed into…

15 Jun

ReconAfrica in water license misunderstanding

ObserverObserver MoneyMinistry of Agriculture, NAMCOR, Namibia, National Petroleum Corporation of Namibia (Namcor), ReconAfrica, Water and Land Reform (MAWLR)

Kandjemuni Kamuiiri A misunderstanding from ReconAfrica, an oil and gas exploration company searching for oil in the Kavango basin, led to the company operating without a water permit, Ministry of Agriculture, Water and Land Reform (MAWLR) Deputy Executive Director (ED) Maria Amakali has revealed. “As such, there was a misunderstanding from their side that because they are operating in non-water control area, they did not need a permit.” This appears to be a contradiction to Agriculture minister Calle Schlettwein’s revelation last month that the company had applied to drill boreholes, for both exploration and abstraction and purposes and that, thus…

24 Mar

Namcor in N$600 million fuel fix

ObserverObserver MoneyNAMCOR, Namibia Competition Commission (NaCC), National Petroleum Corporation of Namibia (Namcor)

Kandjemuni Kamuiiri The National Petroleum Corporation of Namibia (Namcor) is in fix after importing fuel worth N$600 million despite its service stations only able to consume eight percent of the order. Namcor imported 20 million litres of ULP (unleaded petrol) of which 3.6 million litres still remain, 37 million litres of ADO (diesel) of which 17 million litres still remain, and nine million litres of lower sulphur fuel oil (LSFO) of which four million litres are still remaining. The large volume of the import, brought in the country as part of the commissioning of the National Oil Storage Facility, has…

04 Dec

National Oil Storage Facility testing to begin

ObserverUncategorisedNational Petroleum Corporation of Namibia (Namcor)

The Ministry of Mines and energy has announced that it welcomed its first vessel at the N$5.5 billion National Oil and Petroleum Storage Facility at Walvis Bay at the beginning of the month. The arrival of the vessel and its planned offloading of fuel at the facility is part of the final testing of the facility. “The vessel is scheduled to offload 35 000 tonnes of diesel as part of the final testing on completion of the project. Our technical teams will continue to test the facility as part of the final stage of the construction phase of the project,”…

21 Oct

Govt targets new deadline for National oil storage facility

ObserverObserver MoneyNAMCOR, Namibia Energy Fund (NEF), National Petroleum Corporation of Namibia (Namcor)

Clifton Movirongo Government’s construction and operationalisation of the N$5.5 billion National Oil and Petroleum Storage Facility at Walvis Bay is set to be completed before the 30 November 2020. Although the Namibia Energy Fund (NEF) financed project is not operational and finalised yet, mines and energy minister Tom Alweendo, said that government decided that National Petroleum Corporation of Namibia (Namcor) will be at the helm of running the facility which includes a fire station. “Because of the COVID-19 pandemic, we are only going to commission the operationalisation next month, and by then everything must be finished. The whole project is…