General provisions relating to licences . 19 April 2023. Two opposition parties. The National Petroleum Corporation of Namibia (NAMCOR) – alongside partners Shell Namibia Upstream B. . Namibia’s Ministry of Mines and Energy (MME) has given its official endorsement to the premier Namibia Oil and Gas Conference which will take place this August (16-17) in Windhoek, with the confirmed participation from the Right Honourable Saara Kuugongelwa-Amadhila, Prime Minister of the Republic of Namibia and Hon. Shell will hold a 45 interest as the operator while the National Petroleum Corporation of Namibia (NAMCOR) will hold the remaining 10 per cent interest. Kandjoze holds a Master of Science degree in geology from the University of Helsinki, Finland, a Bachelor of Science degree, also in geology, from the University of Cape Town. , or Namcor, posted a loss of 700 million Namibian dollars ($37 million) and said it faces “significant cash flow challenges” due to the lack of working. From January 2020 to date, the National Petroleum Corporation of Namibia (Namcor) has generated N$3. ) (hereinafter referred to as “Shell”) on 19 December 2013 took transfer of and assumed all the interests, rights and obligations of Signet and Cricket in petroleum exploration licence PEL 0039 and the Agreement;NATIONAL PETROLEUM CORPORATION OF NAMIBIA (PTY) LTD Company Profile | WINDHOEK, Namibia | Competitors, Financials & Contacts - Dun & Bradstreet Find company research, competitor information, contact details & financial data for !company_name! of !company_city_state!. NAMCOR and the Government of the Republic of Namibia have identified the Kudu Gas Project as one of its key and ultimate responses to the looming energy crisis in the country. NAMCOR is the National Petroleum Corporation of Namibia, established under the Petroleum (Exploration and Production) Act of 1991. The initial development plan for the field was a gas-to-power project, with Namibia Power Corporation (NAMPOWER) as the downstream partner. Represented by Namibian-based law firm,. Sintana holds a 49% indirect interest in Custos. Import and Export Petroleum Products NAMCOR 14 years 2 months Petroleum Trader NAMCOR Mar 2014 - Present 9 years 9 months. The National Petroleum Corporation of Namibia (Namcor) has agreed to pay its finance executive, Jennifer Hamukwaya, N$1,6 million to leave the company. ” - ReconAfrica estimates they could extract Possibly 120 billion barrels of oil [2] - ReconAfrica holds a 90% interest in a petroleum exploration license in. V and Qatar Energy announced that the Graff-1 deep-water exploration well has made a discovery of light oil in both primary and secondary targets. THE National Petroleum Corporation of Namibia (Namcor) board is investigating its managing director, Immanuel Mulunga, over his involvement in a payment of N$100 million for two Angolan oil blocks. The National Petroleum Corporation of Namibia and its partners, Shell Namibia Upstream B. 2% in 2013, 11. 7 June 2023. Read More. question whether the Cabinet of the Government of the Republic of Namibia acted lawfully in October 2010 when it revoked the mandate of the National Petroleum Corporation of Namibia (Pty) Ltd (“Namcor”) to import 50% of Namibia‟s annual requirement of petroleum products. WINDHOEK, 23 NOV (NAMPA) - The National Petroleum Corporation of Namibia (Namcor)’s board of directors is currently studying an investigation report on the internal maladministration. Under the Petroleum (Exploration and Production) Act of 1991 NAMCOR (Pty) Ltd has the right to carry out reconnaissance. This joint venture. Name: National Petroleum Corporation Of Namibia (NAMCOR) Tel: +264 61 204 5000. 5% in 2021 and 4. 1991 The Petroleum (Exploration and Production) Act 1991 is passed. Shell, which has a similar stake, is the operator of the licence. Managing Director Immanuel Mulunga says that this means “our peers and the international stakeholders. NAMCOR National Petroleum Corporation of Namibia NAPA National Adaptation Plan of Action NAMAs national appropriate mitigation actions NDP national development plans NEP National Energy Policy NO nitrous oxide OPPPI Office for the promotion of private power investment. National Petroleum Corporation of Namibia Pty Ltd 1 Aviation Road, Petroleum House, Private Bag 13196, Windhoek, Namibia. In December 2017, Pancontinental signed a Petroleum Agreement with the Ministry of Mines and Energy of Namibia (Ministry) and Namibian partners for PEL. com. NAMCOR Exploration and Production Pty Ltd (NAMCOR) is seeking potential partners or investors for 3 permits, PEL 67, 72 and 79 they operate in the Orange Basin, offshore Namibia and has applied a closing date of 31st July 2021 to bids for these permits. THE National Petroleum Corporation of Namibia (Namcor) has partnered with several companies to build fuel service stations across the country, an arrangement that includes politically connected. com/guides/auto-opening-announcement-popups/The National Petroleum Corporation of Namibia (Namcor) was appointed by government to manage and operate the national oil storage facility (NOSF) in Walvis Bay. na, Board of Directors: Ms. Industry Oil & Gas Exploration & Services Energy, Utilities & Waste TreatmentNATIONAL OIL STORAGE OF NAMIBIA (NOSF) John Ovenstone Road, Walvis Bay. Otjiwarongo Depot. Gazetted Notice on NAMCOR's Exemption request 14February 2019. This decision was made by the Namcor board during a sitting on 27 January. The National Petroleum Corporation of Namibia led a strategic workshop at NIEC 2023 on Tuesday, highlighting Namibia’s. V. 5 million barrels a day, which is needed for the country’s development. Having completed three seismic surveys of the Petroleum Exploration License (PEL) 39 – of which Shell has a 45% participating interest – between 2014 and 2019, the company went on to safely drill the. The Qatari energy giant announced two similar discoveries in February 2022 in the Graff-1 well and in the Venus-1X prospect, both located in the Orange Basin offshore Namibia. Tel: +264 64 285 918 . The National Petroleum Corporation of Namibia (Namcor) is established out of Swakor. The National Petroleum Corporation of Namibia (NAMCOR) – alongside partners Shell Namibia Upstream B. - Canada's ReconAfrica is a junior oil and gas company engaged in the exploration and development of oil and gas in Northeast Namibia and Northwest Botswana—the “Kavango Basin. Its members ensured the balance, inclusivity and relevance of. This is an average of over N$620 000 per. Jennifer Comalie, the Chairperson of the National Petroleum Corporation Company (Namcor) Board, has attributed the N$700 million losses incurred by the company during. QatarEnergy said that it has found oil offshore Namibia making it the third offshore oil discovery made in the African country. Notice of receipt of application for exemption in respect of certain restrictive practices, Competition Act, 2003 (Section 27 (3), Rule 21 (2)) concerning: National Petroleum Corporation of Namibia (PTY) LTD (“NAMCOR”) Case no: 2018DEC0005EXEMP. The Government of Namibia seeks to engage firms to compete for multi-billion U. 22 June 2023. The National Petroleum Corporation of Namibia (Namcor) has undergone an evolution over the last 30 years after starting off as an advisory entity to the Ministry of Mines and Energy in matters regarding exploration and production matters. na. 4% in 2009, 8. National Petroleum Corporation of Namibia, founded in 1967 and headquartered in Windhoek, Khomas, is a petroleum drilling company. Their world-class exploration and production database, and oil license blocks form some of the major attractions to Namibia’s hydrocarbon potential. The discovery in the Jonker-1X deep-water exploration well, located anout 270 kilometres off the coast of , was made by a joint venture of , QatarEnergy and Namcor, the company announced on Monday. na. The facility is currently operating at 60% of its capacity. ”. Two major oil discoveries were made during the first. BW got hold of the initial 56 per cent in the licence back in February 2017, also through an. Mining is the biggest contributor to Namibia 's economy in terms of revenue. Last April, Namcor, Sequa Petroleum from Britain, and Petrolog Group formed a group called Sungara Energies. HERE IS TODAY’S BULLETIN FOR 08H00FRIDAY, 24 NOVEMBER 2023NAMIBIA PRESS AGENCY 1 (WINDHOEK, 24 NOV, NAMPA) - The National Petroleum Corporation of Namibia (Namcor)’s board of directors is. Petroleum products are mainly used in the transport sector which accounts for 44 % of the total final consumption. Part III – National Petroleum Corporation of Namibia 8. However, at the request of the Minister. National Petroleum Corporation of Namibia 8. Namibia’s oil and gas sector is still in the exploration stage. BE IT ENACTED by the National Assembly of the Republic of Namibia, as follows:-1. Source: AP Group Namibian national oil company Namcor is progressing plans to further develop the. The Ministry of International Relations and Cooperation. 1:20. National Petroleum Corporation of Namibia (NAMCOR) Address: Private Bag 13196 Windhoek: Phone +264 6122 1699: Fax +264 6122 1785: Our Partners Namibia Partners. Section 8 defines the functions of the National Petroleum Corporation of Namibia. 14. Namibia’s recent discovery of 11 billion barrels of crude oil is a potential game-changer for the nation, promising economic growth and regional energy supply. Promoting Namibia’s national interests internationally. National Petroleum Corporation of Namibia (NAMCOR) is a national oil company. (previously known as Shell Exploration and Production (LXVIII) B. V. Unlocking Namibia’s oil and gas potential: insights from African Energy Week (AEW) 2023 presentation by Namcor. 1 person has recommended Davidt Join. Control Board of Namibia (ECB), Namibia Power Corporation (NamPower), National Petroleum Corporation of Namibia (NAMCOR), the Namibia Energy Institute (NEI), the National Planning Commission (NPC), the Ministry of Finance, and the Ministry of Environment and Tourism. Downstream activities generally refer to the marketing and distribution of petroleum products. The National Petroleum Corporation of Namibia (Pty) Ltd “NAMCOR” and its subsidiaries are governed by a Board of Directors appointed by the Minister of Mines and Energy and it recognizes that good Corporate Governance is vital to the Organisation to ensure compliance with laws and legislative frameworks, and for accountability The National Petroleum Corporation of Namibia (NAMCOR) led a strategic workshop on Tuesday at the Namibia International Energy Conference (NIEC) 2023 in Windhoek, under the theme, “Understanding Namibia’s Onshore and Offshore Hydrocarbon Potential. 5% in 2011, 12. The Namibian government plans to fast-track the project for production to commence by 2026. Two major oil discoveries were made during the first. ". Walvis Bay, Erongo Region, Namibia. He has worked for the National Petroleum Corporation of Namibia. A LOOK AT WHAT’S NEXT FOR NAMCOR. •Facilitated the procurement of goods and services in line with the public. Namibia; Core Values; Board of Directors; Executive Management; Stakeholders; National Legal Framework; Corporate Social ResponsibilityNational Petroleum Corporation of Namibia Pty Ltd 1 Aviation Road, Petroleum House, Private Bag 13196, Windhoek, Namibia. Uranium is one of the most exported commodities of Namibia. Industry Oil & Gas Exploration & Services Energy, Utilities & Waste TreatmentNational Petroleum Corporation of Namibia (NAMCOR) University of KwaZulu-Natal. V. Tel: +264 67 307 588 . Shell Namibia Upstream BV (Shell) has a 45% participating interest in Petroleum Exploration License 39 (PEL 39), located offshore Namibia, with a 45% interest held by Qatar Energy and a 10% interest held by the National Petroleum Corporation of Namibia (NAMCOR). In Namibia, Shell is in the early stages of exploring offshore for oil and natural gas. His trustworthy with people and company's property is something anyone will admire. NAMCOR (National Petroleum Corporation of Namibia) is the national oil company of Namibia, with the mission of creating value to all its stakeholders across the oil and gas. The National Petroleum Corporation of Namibia (Namcor) has urged the media and the public to be patient as it will not disclose additional information concerning a N$100-million. Functions of Corporation . November 7, 2023 Cobus Theyse. com. 11/12/2023 8:18 PM. 11/12/2023 4:56 AM. Growing Projections For Namibia’s Petroleum Industry Amidst Covid-19. Angolan national oil company Sonangol has refunded N$524 million to Sungara Energies, a London-based joint venture entity co-owned by the National Petroleum Corporation of Namibia (Namcor). The Petroleum Laws Amendment Act 1998 sets out provisions regulating the decommissioning of facilities used in petroleum exploration and production operations in Namibia . The consortium partners comprising QatarEnergy (45 percent interest), Shell (operator, 45 percent interest) and National Petroleum Corporation of Namibia “NAMCOR” (10 percent interest), have. Read More. 2014 - 2018. Namcor imported 20 million litres of ULP (unleaded petrol) of which 3. WINDHOEK, 23 NOV (NAMPA) - The National Petroleum Corporation of Namibia (Namcor)’s board of directors is currently studying an investigation report on the internal maladministration. National Petroleum Corporation of Namibia. Vitol also wants special treatment from government if the state gives the National Petroleum Corporation of Namibia (Namcor) the right to exclusively import 50% of Namibia's petroleum needs. V. Shell will hold a 45 percent operated interest in the asset and the National Petroleum Corporation of Namibia (NAMCOR) will hold the remaining 10 percent stake. Frequently Ask Questions. View Sauraya’s full profile See who you. The Corporate Social Responsibility Policy has three key focus areas namely education, environment and community upliftment. 9. Following two sizeable oil and gas discoveries made this year as well as the launch of a large-scale green hydrogen project, Namibia is looking at. 3% in 2012, 13. Energ y and economic development: Namibia's economy consists primarily of mining and manufacturing and its economy is tied closely to South Africa’s. Namcor has no regulatory authority nor statutory right to participate in petroleum development. Siegfried Neumann. T +264 61 204 5000 F +264. Development and Implement HR policies, procedures and systems that support efficient and effective management of. The agreement provides the framework for cooperation between QatarEnergy and NAMCOR E&P to support and develop a sustainable upstream oil and gas sector in Namibia,. Namibia; Core Values; Board of Directors; Executive Management; Stakeholders; National Legal Framework; Corporate Social Responsibility NDUME TRADING, RAFS RAINBOW AVIATION FUELING, SKY WAY INVESTMENTS AND ACER LOGISTICS NAMIBIA: Download: NCS/ONB/NC-08/2021: Provision of Clearing Agency Services for NAMCOR Petroleum Products Imports and Exports Via Vessel and Trucks for a Period of Three (3) Years: Hilenish Investment cc: Download: G/OIB/NC-01/2021 Namibia expects its biggest oil discoveries since independence to help double its economy by 2040, Jennifer Comalie, chairperson of National Petroleum Corp. Newest African oil jackpot: Namibia must overcome a long-standing corruption curse. The three are in a joint venture; Shell Namibia B. Timoteus Ekandjo (Vice Chairperson) / Mr. The repository features plain language summaries of each contract’s key social, environmental, human rights, fiscal, and operational terms, and tools for searching and comparing contracts. Aron Tjihumino is a Projects & Maintenance Engineer at National Petroleum Corporation of Namibia based in Windhoek, Khomas. Uranium deposits are situated at the Rössing mine near the Swakopmund coastline. Last Update. na Website: Kudu gas field operated by state-owned National Petroleum Corporation of Namibia and OAO Gazprom of Russia is another well-known offshore oil and gas exploration field. Applications for, or renewal or transfer of, licenses or for approval for granting, cession or. The state-owned National Petroleum Corporation of Namibia (NAMCOR) is the key organisation in the sector. The National Petroleum Corporation of Namibia (Namcor) has confirmed that Lionel Matthews is no longer in the running to become its acting managing director. National Petroleum Corporation of Namibia, founded in 1967 and headquartered in Windhoek, Khomas, is a petroleum drilling company. The facility is currently operating at 60% of its capacity. Since Managing Director Immanuel Mulunga took charge, the corporation. National Petroleum Corporation of Namibia (NAMCOR) Aug 2014 - Present 9 years 4 months. Tel: +264 64 200 265 . Implement the Human Capital strategy to ensure that NAMCOR has an adequate human resources capacity to achieve business goals and objectives. +264 1129 0957. Ellanie Smit. NAMIBIA PEL 87 Orange Basin PANCONTINENTAL 75%. dollar. It controls the exploration activities for oil and gas upstream by. Walvis Bay Depot. . Hercules oil rig arrives at Walvis Bay: The National Petroleum Corporation of Namibia (Namcor) welcomed the arrival of the Hercules semi-submersible… Liked by Immanuel Mulunga By 2030, #Guyana’s hydrocarbon production could reach about 1. National Fishing Corporation of Namibia Act 28 of 1999. Ministry of Industrialisation, Trade and SME Development. Products/Services overview. Definitions (1) In this Act, unless the context indicates otherwise - “ block ” means any area on land. Rikumbi Kandanga Street, Walvis Bay. Restrictions on grant of licences . By. Faraday Street, Otjiwarongo. NAMCOR (National Petroleum Corporation of Namibia) is the national oil company of Namibia, with the mission of creating value to all its stakeholders across the oil and gas value chain. With a 10% interest in multiple international companies operating in the country, NAMCOR is ready to help Namibia become one of the leading petroleum. Applications for, or renewal or transfer of, licences or for approval for granting, cessionNational Petroleum Corporation of Namibia Sep 2013 - Sep 2016 3 years 1 month. JBS Facilities. National Petroleum Corporation of Namibia, founded in 1967 and headquartered in Windhoek, Khomas, is a petroleum drilling company. com/guides/auto-opening-announcement-popups/ NAMCOR is the National Petroleum Corporation of Namibia and is a legally enacted entity with limited liability under the Namibian Companies Act of 1973. 10. 3 billion from the National Oil Storage Facility (NOSF). “Corporation” means the National Petroleum Corporation of Namibia (Proprietary) Limited incorporated and registered as a company in terms of the provisions of the Companies Act, 1973 (Act 61 of 1973); [The Companies Act 61 of 1973 has been replaced by the Companies Act 28 of 2004. na, Board of Directors: Ms. TFG Donates School uniforms in partnership with SOS CV NAMIBIA. V (45%), QatarEnergy (45%) and Namcor (10%), and are exploring for oil on their PEL0039. Mar 06, 2023. Namcor has stored Validus Energy’s petrol at the national oil Storage facility at Walvis Bay for N$21,6 million. procurement policy. HERE IS TODAY’S BULLETIN FOR 08H00FRIDAY, 24 NOVEMBER 2023NAMIBIA PRESS AGENCY 1 (WINDHOEK, 24 NOV, NAMPA) - The National. 1 Year Ago - 2022-10-24 01:00:00. View Contact Info for Free. Engage via Email. During the 2004 Namibia National Science Awards, organised by the Namibian Ministry of Education, and held in Windhoek, Dr Sindila Mwiya was awarded the Geologist of the Year forThe multi-billion-dollar facility was constructed to increase Namibia's security of supply of fuel and petroleum products from a concerning seven to 10 days to a more manageable 30 days or more. It offers various petroleum products and. The National Petroleum Corporation of Namibia (Namcor) has announced a third oil discovery in the Orange Basin off Namibia's southern coast. The government can cancel or reduce some fuel levies such as the National Petroleum Corporation of Namibia (Namcor) and the Road Fund Administration, as fuel drives the prosperity of the economy. Namcor. 11/13/2023 6:09 AM. Namibia’s competitive petroleum exploration scene has helped the state-owned National Petroleum Corporation of Namibia (NAMCOR) to take a stand in shaping the country’s prospects. National Petroleum Corporation of Namibia Pty Ltd 1 Aviation Road, Petroleum House, Private Bag 13196, Windhoek, Namibia. Windhoek, Namibia —. Report this profile About My objective is to be able to apply my knowledge of Human Resource Disaster Recovery, and contribute in the achievement of organisational goals. . However, the government faces challenges in avoiding the resource curse that has. Partners include the National Petroleum Corp. 5% in 2010, 9. The repository features plain language summaries of each contract’s key social, environmental, human rights, fiscal, and operational terms, and tools for searching and comparing contracts. The National Petroleum Corporation of Namibia will attend AEW 2022 as a platinum sponsor, shaping discussions around making energy poverty history on the back of oil, gas and green hydrogen. Restrictions on grant of licences. Industry Oil & Gas Exploration & Services Energy, Utilities & Waste TreatmentNAMIBIA GAME CHANGER For Namibia, situated on the western coast of southern Africa and best known for its wildlife reserves and the Namib desert, the initial oil finds alone are likely to double. The National Petroleum Corporation of Namibia (Namcor) has urged the media and the public to be patient as it will not disclose additional information concerning a N$100-million. V. V and Qatar Energy announced that the Graff-1 deep-water exploration well has made a discovery of light oil in both primary and secondary targets. This is in stark contrast with the recent vaccination policy instituted by the National Petroleum Corporation of Namibia (Namcor), which required all staff to be vaccinated or to bear the cost of. Continue Reading. 6 million litres still remain, 37 million litres of ADO (diesel) of. Namibia, an emerging exploration frontier in Africa, is filled with abundant opportunities for discovery, propelled by the influential role of its national oil company, the National Petroleum Corporation of Namibia (Namcor). THE National Petroleum Corporation of Namibia (Namcor) board is investigating its managing director, Immanuel Mulunga, over his involvement in a payment of N$100 million for two Angolan oil blocks. The upstream petroleum industry in Namibia is primarily regulated by the Petroleum (Exploration and Production) Act 1991 (Act 2 of 1991) – the. Coupled with the Graff-1X and Venus-1X finds (made in 2022 merely. You can see how this popup was set up in our step-by-step guide: //wppopupmaker. Petroleum (Exploration and Production) Act, 1991 Namibia “Corporation” means the National Petroleum Corporation of Namibia (Proprietary) Limited incorporated and registered as a company in terms of the provisions of the Companies Act, 1973 (Act 61 of 1973); [The Companies Act 61 of 1973 has been replaced by the Companies Act 28 of. He is Namibia's director-general of the National Planning Commission and Minister of Economic Planning. , has received a one year license extension and an environmental clearance to complete the 2D data acquisition portion of the Initial Exploration Period of its' 2011 Petroleum Agreement with the Republic of Namibia. Government constructed the facility to increase Namibia’s security of supply of fuel and petroleum products from a concerning seven to 10 days to a more manageable 30 days. Functions of Corporation Part IV – General provisions relating to licences 9. Name: National Petroleum Corporation Of Namibia (NAMCOR) Tel: +264 61 204 5000. Leon Hermann is a Manager at National Petroleum Corporation of Namibia based in Windhoek, Khomas. Canadian company Reconnaissance Energy Africa and its joint venture partner, the National Petroleum Corporation of Namibia (Namcor), have been granted. The three are in a joint venture; Shell Namibia B. National Petroleum Corporation of Namibia Aug 2014 - Present 9 years 4 months. It also recently started handling products that are imported by. NAMCOR Otjiwarongo Depot. By. Timoteus Ekandjo (Vice Chairperson) / Mr. Prohibition on carrying out certain operations without licence. Successfully led the implementation of a terminal management system. Acting public enterprise minister Iipumbu Shiimi said this in his response in. To get a job at National Petroleum Corporation of Namibia, browse currently open positions and apply for a job near you. Opportunities. Fax: +264 61 204 5061 /30 / 92. ) Ltd. It. Further work is needed to determine the quality and size of. ACT To provide for the reconnaissance, exploration, production and disposal of, and the exercise of control over, petroleum; and to provide for matters incidental thereto. NAMCOR's main business is to ensure the optimum exploitation of Namibia's petroleum resources and meaningful Namibian participation in resulting business developments in petroleum related exploration activities. The Qatari national oil company has a stake of 45% in the PEL-39 licence. 6 national pEtrolEum Corporation oF namibia AnnuAl RepoRt 2015 rated by distillation or fracturing. Our world-class exploration and production database, and oil license blocks form some of the major attractions to Namibia’s hydrocarbon potential. No description available. 10. NAMCOR (National Petroleum Corporation of Namibia) is the national oil company of Namibia, with the mission of creating value to all its stakeholders across the oil and gas value chain. Shell Namibia Upstream B. Get the latest business insights from Dun &. The National Petroleum Corporation (NPC) is a statutory body set up with responsibility for the management of the distribution of natural gas supply in Barbados for domestic, commercial and industrial use. Namibia is the fourth largest exporter of nonNamibia’s competitive petroleum exploration scene has also helped the state-owned National Petroleum Corporation of Namibia (NAMCOR) to take a stand in shaping the country’s prospects. With a 10% interest in multiple international companies operating in the country, NAMCOR is ready to help Namibia become one of the leading petroleum. The National Petroleum Corporation of Namibia (Namcor) has offered Lionel Matthews N$230 000 per month to lead the national oil company, but the former banker allegedly informed. 494 likes, 21 comments - thenamibian on November 20, 2023: "A joint venture has threatened the National Petroleum Corporation of Namibia (Namcor) with a liqu. 5 million barrels a day, which is needed for the country’s development. 4. 6% in 2022 after falling by a revised. This will be followed by a number of NAMCOR-branded service stations at strategic locations around the country. The Petroleum Laws Amendment Act 1998 sets out provisions regulating the decommissioning of facilities used in petroleum exploration and production operations in Namibia . Petroleum (Exploration and Production) Act 1991, to Signet Petroleum Limited, Cricket Investments (Pty) Ltd and National Petroleum Corporation of Namibia upon signature of this Agreement and delivery by same to the Minister of Mines and Energy of the Bank guarantee and the performance guarantee referred to in clauses 4 and 30 of the. NAMCOR was appointed by the Government of the. You can see how this popup was set up in our step-by-step guide: //wppopupmaker. com. These areas directly or indirectly support the National Development Plan 3, Harambee Prosperity Plan, the Sustainable Development Goals (SDGs) of the United Nations – which put an emphasis on eradicating poverty and. About Us: We are a legally enacted entity under the Namibian Companies Act of 1973 with the. Tom. Extensive geologic field studies were completed over the last four years supporting the existence of excellent high-porosity reservoir rocks as well as soil sampling indicating the presence of crude oil derived from a carbonate source. THE managing director of the National Petroleum Corporation of Namibia (Namcor), Obeth Kandjoze, could be at the centre of a corruption probe, should the Anti-Corruption Commission (ACC) decide to. Windhoek Namibia Responsible for Old Mutual Namibia's investment management business, with N$30 billion in pension fund, long term insurance. of Namibia (NAMCOR) (10%). Industry Oil & Gas Exploration & Services Energy, Utilities & Waste Treatment The National Petroleum Corporation of Namibia (Namcor) is investigating transactions totalling about N$300 million involving a private company that supplies fuel and infrastructure to the military. Hamukwaya sued the state oil company in March after it refused to extend her employment contract for another five years. Email. National Petroleum Corporation of Namibia is part of the Energy, Utilities & Waste industry, and located in Namibia. Corporation Of Namibia (Proprietary)Limited. Restrictions on grant of licences 11. NAMCOR is the National Petroleum Corporation of Namibia and is a legally enacted entity with limited liability under the Namibian Companies Act of 1973. From January 2020 to date, the National Petroleum Corporation of Namibia (Namcor) has generated N$3. Read More. As an oil and gas exploration company focused on the acquisition and development of unique upstream petroleum opportunities, Eco Atlantic has been keen. Jennifer Comalie (Chairperson) / Mr. As a constitutional democracy of processes, systems and institutions, changes, including additional shares to the State/National Petroleum Corporation of Namibia must only be done in accordance. The Qatari national oil company has a stake of 45% in the PEL-39 licence. You can see how this popup was set up in our step-by-step guide: //wppopupmaker. The National Petroleum Corporation of Namibia (PTY) Ltd (Namcor) is a private company duly incorporated under the company laws of Namibia, and is wholly owned by the government of the Republic of Namibia. NAMCOR Exploration and Production Pty Ltd (NAMCOR) is seeking potential partners or investors for 3 permits, PEL 67, 72 and 79 they operate in the Orange Basin, offshore Namibia and has applied a closing date of 31st July 2021 to bids for these permits. Nestor r eceived a Bachelors of Technology in Civil Engineering degree from Tshwane University of Technology and a Master of Industrial Engineering from Namibia University of Science. THE National Petroleum Corporation of Namibia (Namcor) board is investigating its managing director, Immanuel Mulunga, over his involvement in a payment of N$100 million for two Angolan oil blocks. The exploration license is held by a consortium comprised of QatarEnergy (45%), Shell (45%), and the National Petroleum Corporation of Namibia “NAMCOR” (10%). Nestor Sheefeni is the Engineering & Technical Services Executive at National Petroleum Corporation of Namibia based in Windhoek, Khomas. V. National Petrolium Corporation of Namibia(NAMCOR) National Petroleum Corp. the resulting hydrocarbon molecules (fractions) often are further treated to change their size or structure, which makes them more usable. with 10%. Multinational oil and gas company, Shell, has been actively exploring Namibia’s offshore basins since 2014. This is in stark contrast with the recent vaccination policy instituted by the National Petroleum Corporation of Namibia (Namcor), which required all staff to be. The Government of the Republic of Namibia. Immanuel Mulunga. Ellanie Smit. Since 2013, the Namibian Ports Authority, the National Petroleum Corporation of Namibia and the Ministry of Agriculture have borrowed over N$21 billion. These provisions, inter alia, provide that the holder of a production licence is under an obligation to establish a trust fund after 50% of the estimated recoverable. It also assists the Ministry with the administration of the Petroleum (Exploration and Production) Act. Projects & Maintenance Engineer at National Petroleum Corporation of Namibia. The National Petroleum Corporation of Namibia holds the remaining 10 per cent. Late last year, NAMCOR entered. Timoteus Ekandjo (Vice Chairperson) / Mr. National Petroleum Corporation of Namibia Contact Info: Phone number: +264 612045000 Website: What does National Petroleum Corporation of Namibia do? National Petroleum Corporation of Namibia, founded in 1967 and headquartered in Windhoek, Khomas, is a petroleum drilling company. NAMCOR will retain the remaining 5 per cent working interest. | We are a legally enacted entity under the Namibian Companies Act 28 of 2004 with the Government of the Republic of Namibia as our sole shareholder. V. In a press statement, QatarEnergy noted that the light oil discovery in the Jonker-1X deep-water exploration well was made after drilling in the PEL-39 exploration license, offshore Namibia. Canada-based Sintana Energy reported on 21 December that Namibia’s Minister of Mines and Energy had granted a second one-year extension to the current, first four-year. 1 Year Ago - 2022-10-24 01:00:00. of Namibia (Pty. “ Davidt is a dedicated executive with wide experience in business administration and petroleum industry. State of Namibian Energy: National Petroleum Corporation of Namibia (NAMCOR) Outlines Project Progress Address Ahead of African Energy Week (AEW) 23 Jun 2, 2023 Africa Press Release Following a series of upstream success, Namibia has emerged as a highly attractive E&P play, with a series of investors and project developers turning their. Sep 2019 - Present 4 years 3 months. T +264 61 204 5000 F +264 61 204 5061/30/92 E info@namcor. The recent allegations of impropriety and controversies surrounding the leadership of the National Petroleum Corporation of Namibia (Namcor) have sparked widespread concern. com/guides/auto-opening-announcement-popups/ The Anti-Corruption Commission (ACC) is expected to finish interviewing individual board members of the National Petroleum Corporation of Namibia (Namcor) today over their role in an Angolan oil joint venture in which the company has a stake. Cengas Windhoek. The National Petroleum Corporation of Namibia (Namcor) was appointed by government to manage and operate the NOSF in Walvis Bay. Hamukwaya sued the state oil. “We are delighted to announce this third oil discovery,” state-owned oil firm National Petroleum Corporation of Namibia (NAMCOR), said in a statement. I am an energetic, passionate, and dedicated individual who strives for excellence in all. •Positively maintained the terminal’s budget and petty cash. November 7, 2023 Cobus Theyse. Aron Tjihumino's Phone Number and Email. Fax: +264 61 204 5061 /30 / 92. 1 Aviation Road, Petroleum House Private Bag 13196, Windhoek. The Government of the Republic of Namibia is its sole shareholder. Email: info@namcor. This marks a significant step forward in Namibia's oil exploration journey. Gobabis Depot . We are actively involved in sourcing and selling as well as the distribution of petroleum products. The Gas produced from the Kudu Gas Field will. THE National Petroleum Corporation of Namibia (Namcor) spent more than N$118 million on salaries for its 189 employees in the 2021/2022 financial year. But the Constitution goes on further to say that such ownership must be exercised within the limits and confines of the law, including duly signed agreements. Jennifer Comalie (Chairperson) / Mr. National Petroleum Corporation of Namibia, founded in 1967 and headquartered in Windhoek, Khomas, is a petroleum drilling company. On June 11, 2021 the National Petroleum Corporation of Namibia (NAMCOR) and ReconAfrica executed a Joint Operating Agreement (JOA). National Petroleum Corporation of Namibia. 11. Namibia is in the process of creating an overarching National Adaptation Plan, which will supply further detail for national adaptation priorities and implementation of long-term strategies. Website Address:Shell holds a 45% stake in the offshore Petroleum Exploration License 39 (PEL 39) with a 45% interest held by Qatar Petroleum and a 10% held by the National Petroleum Corporation of Namibia (NAMCOR). According to the three entities, a light oil discovery. The Foschini Group (TFG) donated school uniforms (shoes, socks,. (a) an Exploration Licence to be issued in accordance with the provisions of section 34 of the said Petroleum (Exploration and Production) Act 1991, to Signet Petroleum Limited, Cricket Investments (Pty) Ltd and National Petroleum Corporation of Namibia upon signature of this Agreement and delivery by same to the Minister of Mines and Energy of the Bank guarantee and the performance guarantee. The National Petroleum Corporation of Namibia (Namcor) has confirmed that Lionel Matthews is no longer in the running to become its acting managing director.