BAIL RULING DAY ... Eight of the accused in the National Petroleum Corporation of Namibia (Namcor) fraud and corruption case are appearing in the Windhoek Magistrate's Court on Friday for the delivery of a ruling on the bail application of six of the accused. Former Namcor managing director Imms Mulunga, former Namcor employees Jennifer Hamukwaya and Olivia Dunaiski, businessmen Peter and Malakia Elindi, and Leo Nandago have applied to be granted bail, following their arrests in July. Video: Mit
BAIL RULING DAY ... Eight of the accused in the National Petroleu…
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Namibia not yet ready for oil refinery says NamCor By: Hertha Ekandjo The National Petroleum Corporation of Namibia (Namcor) says Namibia is not yet ready to establish its own oil refinery due to its current low fuel demand. Namcor explained the country’s daily domestic fuel demand stands at approximately 25,000 barrels, which is significantly below the minimum threshold of 100,000 to 300,000 barrels per day typically required to operate a refinery profitably. NamCor public relations officer, Pa
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Stop the bleeding… The National Petroleum Corporation of Namibia (Namcor) this morning said it has embarked on a turnaround strategy to improve the corporation’s finances and eventually increase its sustainability. Hosting the media for a briefing, acting managing director Shiwana Ndeunyema said Namcor generates around N$7 billion in annual revenue, and it aims to wean itself off government bailouts and the fuel levy it currently receives. Video: Edgar Brandt | New Era Newspaper
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Stop the bleeding… The National Petroleum Corporation of Namibi…
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10% MAINTAINED … National Petroleum Corporation of Namibia executive for upstream exploration Victoria Sibeya on Thursday said given the accompanying risk, the company will settle for its 10% stake in the country’s oil blocks. Namcor owns this stake, with exploration companies owning the majority of shares. Sibeya, along with her fellow executives and board chairperson Jennifer Comalie were addressing the media, following questions raised on the corporation’s sustainability. Video: Shelleygan Pe
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10% MAINTAINED … National Petroleum Corporation of Namibi…
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The National Petroleum Corporation of Namibia (NAMCOR) has emphasised its commitment to finding a path to develop the Venus Field in Block 2913B (PEL 56). https://nbcnews.na/node/110798 Donald ǂKariseb #NBCNews #nbcdigitalnews #nbcDSTV282 #nbcGOtv20 #nbcPlusApp | NBC Digital News
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The National Petroleum Corporation of Namibia (NAMCOR) has empha…
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INSIGHT: National Petroleum Corporation of Namibia asset manager Martin Negonga shares insight on the hydrocarbon potential in emerging business. (Video: Justina Shuumbwa) | Namibia Press Agency | Facebook
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INSIGHT: National Petroleum Corporation of Namibia asset man…
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The National Petroleum Corporation of Namibia (NAMCOR) has started issuing directives to unvaccinated employees to provide weekly negative COVID-19 PCR test results, the cost of which will be carried by such employees or risk being sent home. There are various angles and implications to this discussion and for that, Dr Michael Akuupa, Labour expert discusses more on this matter. https://bit.ly/3KrXazm | NBC Digital News
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