WINDHOEK: The National Petroleum Corporation of Namibia (Namcor) has concluded an agreement with one of the biggest local mines, the Langer Heinrich Uranium Mine, for the supply of fuel products.
Chairman of Namcor’s Board of Directors, Johannes !Gawaxab announced during a media conference held here on Monday that the company was also recently awarded tenders for the supply of petroleum products by the Namibian Port Authority (Namport) and Swakopmund Municipality.
“This is a good indicator that Namcor is firmly positioning itself in the downstream market and will soon become a competitive player to be reckoned with in the industry,” he said.
!Gawaxab added that Namcor foresees a strong growth pattern for the company in this line of business and will soon appoint distributing agents in the towns of Ondangwa, Oshakati, Rundu, Katima Mulilo and Lüderitz.
These efforts, he said, will enable the company to provide a complete package of supply to the fulfillment of customer satisfaction throughout the country.
The corporation is involved in 32 Exclusive Prospecting Licences (EPLs), with its shareholding in these ranging from five to 15 per cent.
“Through our associate partners, Namcor has received significant signature bonuses,” !Gawaxab noted.
He also announced that the Kudu Gas Project is at an advanced stage, with a series of meetings having taken place on governmental level in terms of a way forward.
The power station is envisaged to start generating Namibia’s own power supply by 2017/18.
Namibia is looking for a new investment partner to develop the offshore Kudu gas field after the Russian state company, Gazprom decided to pull out of the N.dollars 8 billion project.