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

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

The National Petroleum Corporation of Namibia (NAMCOR), is confident that oil will be discovered in Namibia soon. NAMCOR Managing Director, Immanuel Mulunga says the future for Namibia looks good in the oil and gas industry. Mulunga is part of a Namibian delegation, attending the Africa Energy Week, happening in Cape Town, South Africa. He addressed a session on Increasing Production and Investment in the Energy Transition World. He also told the gathering that stakeholders in the oil industry s

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

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

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