The company is tasked with the primary mandate to carry out reconnaissance, exploration, and production operations either on its own or in partnership with other organisations in the industry. Definitions (1) In this Act, unless the context indicates otherwise - “ block ” means any area on land. the construction of a retail fuel station for namcor at paradise in rundu, kavango east region, namibia: omhangela construction cc: download: sc/rp/nc-10/2021: the design, supply of. NAMCOR is the National Petroleum Corporation of Namibia and is a legally enacted entity with limited liability under the Namibian Companies Act of 1973. Industry Oil & Gas Exploration & Services Energy, Utilities & Waste TreatmentNational Petroleum Corporation of Namibia (NAMCOR) University of KwaZulu-Natal. 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. . ) (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;Partners are QatarEnergy (45%) and the National Petroleum Corp. 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. 2014 - 2018. 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. Two opposition parties. The Foschini Group (TFG) donated school uniforms (shoes, socks,. Namibia has committed to reducing its overall greenhouse gas (GHG) emissions by 92 percent by 2030 from the business-as-usual baseline level. NAMCOR was appointed by the Government of the. 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. Namibia’s oil and gas sector is still in the exploration stage. 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. Sintana has 49% carried interest through its indirect. National Petroleum Corporation of Namibia Aug 2014 - Present 9 years 4 months. com. NAMCOR is the operator of PEL 79, comprising of blocks 2815 and 2915 where they have 67%. QatarEnergy said that it has found oil offshore Namibia making it the third offshore oil discovery made in the African country. of Namibia (NAMCOR) (10%). The National Petroleum Corporation of Namibia (Namcor) has confirmed that Lionel Matthews is no longer in the running to become its acting managing director. Frequently Ask Questions. 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. This is an average of over N$620 000 per. View Contact Info for Free. Last Update. Read More. The Government of the Republic of Namibia. From January 2020 to date, the National Petroleum Corporation of Namibia (Namcor) has generated N$3. I fully recommend Davidt for any position within his academic and professional profile!!!!!!”. The head of the board of directors at Namibia’s national oil company has appeared in court to face charges of dealing drugs. Represented by Namibian-based law firm,. 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 increasing investment in its burgeoning energy sector. Windhoek Namibia Responsible for Old Mutual Namibia's investment management business, with N$30 billion in pension fund, long term insurance. 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. Once you get a positive response, make sure to find out about the interview process at National Petroleum Corporation of Namibia and prepare for tough questions. 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. Moderated by ReconAfrica’s Head of Communication and Stakeholder Relations, Mwanyengwa. With a 10% interest in multiple international companies operating in the country, NAMCOR is ready to help Namibia become one of the leading petroleum-producing. 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. Newest African oil jackpot: Namibia must overcome a long-standing corruption curse. By Shelleygan Petersen. The three are in a joint venture; Shell Namibia B. The National Petroleum Corporation of Namibia (Namcor) was appointed by government to manage and operate the NOSF in Walvis Bay. 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. Read More. An online repository of publicly available oil, gas, and mining contracts. 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. Name: National Petroleum Corporation Of Namibia (NAMCOR) Tel: +264 61 204 5000. No description available. procurement policy. Hamukwaya sued the state oil. 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. V. Tel: +264 64 200 265 . We are actively involved in sourcing and selling as well as the distribution of petroleum products. Last Update. , 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. Namcor managing director Immanuel. Multinational oil and gas company, Shell, has been actively exploring Namibia’s offshore basins since 2014. The facility is currently operating at 60% of its capacity. The National Petroleum Corporation of Namibia and its partners, Shell Namibia Upstream B. Growing Projections For Namibia’s Petroleum Industry Amidst Covid-19. Windhoek, Namibia —. 19 April 2023. Petroleum products are mainly used in the transport sector which accounts for 44 % of the total final consumption. ) (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!. na. Tom. The National Petroleum Corporation of Namibia (Namcor) has announced a third oil discovery in the Orange Basin off Namibia's southern coast. About Us: We are a legally enacted entity under the Namibian Companies Act of 1973 with the. View Contact Info for Free. The National Petroleum Corporation of Namibia and its partners, Shell Namibia Upstream B. 1 Year Ago - 2022-10-24 01:00:00. The remaining 10% stake in the Orange Basin licence is held by National Petroleum Corporation of Namibia (NAMCOR). This marks a significant step forward in Namibia's oil exploration journey. V. National Petroleum Corporation of Namibia (NAMCOR) Address: Private Bag 13196 Windhoek: Phone +264 6122 1699: Fax +264 6122 1785: Our Partners Namibia Partners. The National Petroleum Corporation of Namibia (NAMCOR) – alongside partners Shell Namibia Upstream B. Development and Implement HR policies, procedures and systems that support efficient and effective management of. You can see how this popup was set up in our step-by-step guide: //wppopupmaker. Previously, Diana was a Part-Time Tutor at The Hong Kong Polytechnic University and also held positions at Polytechnic of Namibia, Silnam IT Solutions, Silnam IT Solutions, Polytechnic of Namibia, Bank of Ann. . T +264 61 204 5000 F +264. In line with this goal, the National Petroleum Corporation of Namibia (NAMCOR) has joined Africa’s biggest energy event, the African Energy. of Namibia (Pty. , 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. Email: info@namcor. 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. General powers of Commissioner and Chief Inspector are defined in section 4. and Qatar Energy – announced the discovery of sizeable quantities of light oil in both primary and secondary targets at the Graff-1 well offshore Namibia late February 2022, ushering in a new era of hydrocarbon exploration and production. Acting public enterprise minister Iipumbu Shiimi said this in his response in. The state-owned National Petroleum Corporation of Namibia (NAMCOR) is the key organisation in the sector. 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). Timoteus Ekandjo (Vice Chairperson) / Mr. The National Petroleum Corporation of Namibia (Namcor) has agreed to pay its finance executive, Jennifer Hamukwaya, N$1,6 million to leave the company. 11/12/2023 8:18 PM. 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. V (45%), QatarEnergy (45%) and Namcor (10%), and are exploring for oil on their PEL0039. Part III – National Petroleum Corporation of Namibia 8. Factual background Aron Tjihumino has been working as a Projects & Maintenance Engineer at National Petroleum Corporation of Namibia for 7 years. National Petroleum Corporation of Namibia, founded in 1967 and headquartered in Windhoek, Khomas, is a petroleum drilling company. An online repository of publicly available oil, gas, and mining contracts. ". Ellanie Smit. Projects & Maintenance Engineer at National Petroleum Corporation of Namibia. V. Coupled with the Graff-1X and Venus-1X finds (made in 2022 merely. The National Petroleum Corporation of Namibia's (NAMCOR's) main tasks up to 1998 have been the acquisition of data and the promotion of Namibia's petroleum potential. Fax: +264 61 204 5061 /30 / 92. General provisions relating to licences . 4 national pEtrolEum Corporation oF namibia AnnuAl RepoRt 2015 GloSSARY oF teRMS the oil and gas industry is typically divided into two major compo-nents: upstream and downstream operations. Immanuel Mulunga. I am an energetic, passionate, and dedicated individual who strives for excellence in all. Two major oil discoveries were made during the first. Two major oil discoveries were made during the first. com. National Petroleum Corporation of Namibia, founded in 1967 and headquartered in Windhoek, Khomas, is a petroleum drilling company. However, at the request of the Minister. The recent allegations of impropriety and controversies surrounding the leadership of the National Petroleum Corporation of Namibia (Namcor) have sparked widespread concern. Downstream activities generally refer to the marketing and distribution of petroleum products. Timoteus Ekandjo (Vice Chairperson) / Mr. NATIONAL PETROLEUM CORPORATION OF NAMIBIA ANNUAL REPORT 2018 / 2019 11 GOVERNANCE, LEGAL, RISK AND COMPLIANCE The Governance Department, guided by its growth focus, service areas, departmental and strategic projects, provides the following on-going services to the Board of Directors and the business with its different departments: Windhoek: Namibia announced on Monday the discovery of light oil off the country’s southern coast, the third such find in a year. 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 reserves. Managing Director Immanuel Mulunga says that this means “our peers and the international stakeholders. 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. It. V. Prohibition on carrying out certain operations without licence. 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. Products/Services overview. Successfully led the implementation of a terminal management system. Aron Tjihumino is a Projects & Maintenance Engineer at National Petroleum Corporation of Namibia based in Windhoek, Khomas. The National Petroleum Corporation of Namibia (Namcor) board was divided this week on whether to suspend managing director Imms Mulunga, but a powerful faction gunning for his head emerged victorious when it pushed through his suspension for, among other things, allegedly leaking confidential information to the media. 5 million barrels a day, which is needed for the country’s development. T +264 61 204 5000 F +264 61 204 5061/30/92 E [email protected] aims to fast track the development of its first oilfield to have production by 2026 following a significant offshore discovery by Shell , a senior energy official told Reuters on Monday. Ellanie Smit. The Corporate Social Responsibility Policy has three key focus areas namely education, environment and community upliftment. Our downstream strategy is to establish and secure strategically located fuels and lubricants distribution networks, as well as sales infrastructure to. •Facilitated the procurement of goods and services in line with the public. The National Petroleum Corporation of Namibia (Namcor) is established out of Swakor. Shell, which has a similar stake, is the operator of the licence. 8. and Qatar Energy. Get the latest business insights from Dun &. 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. The National Petroleum Corporation of Namibia (Namcor) has announced a third oil discovery in the. 7 June 2023. The National Petroleum Corporation of Namibia led a strategic workshop at NIEC 2023 on Tuesday, highlighting Namibia’s. PEL 0039 covers about 12,000 sq km in deep water, 250 km off the southern coast of Namibia. Namcor managing director Immanuel Mulunga said. “Namcor imports its product and distributes it inland to its customers and exports the rest to its customers in Botswana and Zambia. Canadian company Reconnaissance Energy Africa and its joint venture partner, the National Petroleum Corporation of Namibia (Namcor), have been granted approval to resume exploration in the. “We are delighted to announce this third oil discovery,” state-owned oil firm National Petroleum Corporation of Namibia (NAMCOR), said in a statement. Diana Vekarapi is a Business Systems Analyst at National Petroleum Corporation of Namibia based in Windhoek, Khomas. PART IV General provisions relating to licences 9. It also recently started handling products that are imported by. National Petroleum Corporation of Namibia 8. National Petroleum Corporation of Namibia (NAMCOR) donated 20 desktop computers including Microsoft Office 2016 Professional and Kaspersky antivirus software towards our youth empowerment strategic initiative. June 6, 2023 at 7:28 AM PDT. Contact NumberThe National Petroleum Corporation of Namibia (Namcor) board of directors has suspended the company’s managing director, Immanuel Mulunga. View Sauraya’s full profile See who you. Mining is the biggest contributor to Namibia 's economy in terms of revenue. na, Board of Directors: Ms. of Namibia, said in a. 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. +264 1129 0957. According to the three entities, a light oil discovery. The National Petroleum Corporation of Namibia (Namcor) has announced a third oil discovery in the. V. View Contact Info for Free. 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. 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). 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. Further work is needed to determine the quality and size of. (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 upstream petroleum industry in Namibia is primarily regulated by the Petroleum (Exploration and Production) Act 1991 (Act 2 of 1991) – the. Latoya Geingos is a Business Strategy & Performance Management Secretary at National Petroleum Corporation of Namibia based in Windhoek, Khomas. He is Namibia's director-general of the National Planning Commission and Minister of Economic Planning. 10. Whereas Shell Namibia Upstream B. na. The National Petroleum Corporation of Namibia's (NAMCOR's) main tasks up to 1998 have been the acquisition of data and the promotion of Namibia's petroleum potential. 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. Functions of corporation. 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 exploration license is held by a consortium comprised of QatarEnergy (45%), Shell (45%), and the National Petroleum Corporation of Namibia “NAMCOR” (10%). V. Functions of Corporation . 11/13/2023 6:09 AM. (previously known as Shell Exploration and Production (LXVIII) B. Prohibition on carrying out certain operations without licence . 11/12/2023 4:56 AM. com. NAMCOR Gobabis Depot. 10. National Fishing Corporation of Namibia Act 28 of 1999. This decision was made by the Namcor board during a sitting on 27 January. 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. 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. 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. Industry Oil & Gas Exploration & Services Energy, Utilities & Waste TreatmentNATIONAL OIL STORAGE OF NAMIBIA (NOSF) John Ovenstone Road, Walvis Bay. 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. Industry Oil & Gas Exploration & Services Energy, Utilities & Waste Treatment In early February 2022, a sizeable discovery of light oil at the Graff-1 well offshore Namibia was made by the National Petroleum Corporation of Namibia (Namcor) in partnership with Shell Namibia Upstream B. 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 will co-own the oil blocks with Angola’s state-owned oil entity, Sonangol, and two other partners in a joint venture known as Sungara Energies. 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. Read More. Windhoek Namibia Chief Executive Officer Old Mutual Investment Group Namibia Apr 2014 - Jun 2016 2 years 3 months. and Qatar Energy – announced the discovery of. In the meantime, the company has failed to appoint banker Lionel Matthews as its acting managing. This is an average of over N$620 000 per. 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. Cengas Windhoek. The National Petroleum Corporation of Namibia plans to enter the fuel retail sector are at an advanced stage, with our first retail site expected to become fully operational before the end of 2017. Namibia aims to fast track the development of its first oilfield to have production by 2026 following a significant offshore discovery by Shell , a senior energy official told Reuters on Monday. Read More. The Petroleum Laws Amendment Act 1998 sets out provisions regulating the decommissioning of facilities used in petroleum exploration and production operations in Namibia . Opportunities. 1991 The Petroleum (Exploration and Production) Act 1991 is passed. 1 Year Ago - 2022-10-24 01:00:00. Since Managing Director Immanuel Mulunga took charge, the corporation. He has worked for the National Petroleum Corporation of Namibia. na. Namcor has stored Validus Energy’s petrol at the national oil Storage facility at Walvis Bay for N$21,6 million. The Namibian National Petroleum Corp. 3 billion from the National Oil Storage Facility (NOSF). 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. The High Court of Namibia recently issued a judgement that allows Canadian oil and gas company, Reconnaissance Africa (ReconAfrica), along with its joint venture partner, the National Petroleum Corporation of Namibia (NAMCOR), to continue with its oil and gas exploration campaign in Namibia. +264 6120 45061. V (45%), QatarEnergy (45%) and Namcor (10%), and are exploring for oil on their PEL0039. The National Petroleum Corporation of Namib-ia (PTY) Ltd (Namcor), is a private company duly incorporated under the company laws ofThe French energy giant has allocated almost 50% of its global exploration budget, totaling N$5,5 billion (US$300 million), to Namibia this year, with the aim of confirming the multibillion-barrel. 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. The construction of the multi-billion-dollar National Oil Storage Facility (NOSF) commenced in January 2015 under the Ministry of Mines and Energy and consists of a tanker jetty, multiple product pipelines and a terminal with a capacity of 75 million litres of combined petroleum products. However, the government faces challenges in avoiding the resource curse that has. l@namcor. Under the Petroleum (Exploration and Production) Act of 1991 NAMCOR (Pty) Ltd has the right to carry out reconnaissance. National Petroleum Corporation of Namibia (NAMCOR) Address: Private Bag 13196 Windhoek: Phone +264 6122 1699: Fax +264 6122 1785: Our Partners Namibia Partners. 11. Hamukwaya sued the state oil company in March after it refused to extend her employment contract for another five years. Uranium deposits are situated at the Rössing mine near the Swakopmund coastline. National Petroleum Corporation of Namibia (Namcor) (A State-Owned Company) 10% with costs carried to the development stage. 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. Namibia’s Jonker-1X light oil discovery – made last month by partners Shell, QatarEnergy and the National Petroleum Corporation of Namibia (NAMCOR) – represents the third discovery in a string of Orange Basin exploration successes announced in the past year. Restrictions on grant of licences . Applications for, or renewal or transfer of, licenses or for approval for granting, cession or You can see how this popup was set up in our step-by-step guide: //wppopupmaker. [1] Its contribution to the gross domestic product (10. Acting public enterprise minister Iipumbu Shiimi said this in his response in. According to the three entities, a light oil discovery. The consortium partners comprising QatarEnergy (45 percent interest), Shell (operator, 45 percent interest) and National Petroleum Corporation of Namibia “NAMCOR” (10 percent interest), have. * It remains unclear if Shell will develop a field (Adds ministry comment, link, removes exclusive tag)(OET) Namibia’s Ministry of Mines and Energy has granted a second one-year extension for the Petroleum Exploration License 87 (PEL 87) located in the Orange Basin. Email. National Petroleum Corporation of Namibia (Pty) Ltd. Jennifer Comalie, the Chairperson of the National Petroleum Corporation Company (Namcor) Board, has attributed the N$700 million losses incurred by the company during. Immanuel Mulunga (Managing Director) / Without a doubt, Article 100 of the Namibian Constitution states that ownership of all resources, including oil and gas within the borders of Namibia, belong to the Namibian people. LPG Liquid Petroleum Gas MME Ministry of Mines and Energy MW Mega-Watt NAMCOR National Petroleum Corporation of Namibia NamPower Namibia Power Corporation NEC National Energy Council NEF National Energy Fund NEI Namibia Energy Institute NERA Namibia Energy Regulatory Authority NIRP National Integrated Resource Plan. , 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. 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. 11. “ Davidt is a dedicated executive with wide experience in business administration and petroleum industry. 4% in 2009, 8. 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 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. . Fax: +264 61 204 5061 /30 / 92. Contact NumberElizabeth N Shimwafeni Telephone: +264 61 400 443 Fax Number: 0886510721 Email: [email protected] National Petroleum Corporation of Namibia (Namcor) spent more than N$118 million on salaries for its 189 employees in the 2021/2022 financial year. Under the Petroleum (Exploration and Production) Act of 1991 we have the mandate to carry out. Hydrocarb Energy Corporation has announced that its subsidiary, Hydrocarb Namibia Energy Corporation Ltd. Uranium is one of the most exported commodities of Namibia. Their world-class exploration and production database, and oil license blocks form some of the major attractions to Namibia’s hydrocarbon potential. National Petroleum Corporation of Namibia Pty Ltd 1 Aviation Road, Petroleum House, Private Bag 13196, Windhoek, Namibia. | 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. The Government of Namibia seeks to engage firms to compete for multi-billion U. Key highlights and significance of this development in the broader oil and gas sector. 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. Namcor. Namcor’s executive for business strategy, Shiwana Ndeunyema,. provides exploration and production services for onshore and offshore petroleum resources in Namibia. Partners include the National Petroleum Corp. Energ y and economic development: Namibia's economy consists primarily of mining and manufacturing and its economy is tied closely to South Africa’s. The board chairperson, Jennifer Comalie, confirmed this. THE National Petroleum Corporation of Namibia (Namcor) has increased its revenue inflows from N$600 million six years ago to N$2,6 billion currently. ) (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!. The energy that keeps Namibia moving forward. The company also acts as advisor to the Ministry of Mines and Energy and assists it in monitoring the. Galp is operator of PEL 83 (80%) with partners the National Petroleum Corporation of Namibia (NAMCOR) (10%), and Custos Energy (10%). 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. This will be followed by a number of NAMCOR-branded service stations at strategic locations around the country. NAMCOR is the National Petroleum Corporation of Namibia, established under the Petroleum (Exploration and Production) Act of 1991. National Petroleum Corporation of Namibia, founded in 1967 and headquartered in Windhoek, Khomas, is a petroleum drilling company. Source: AP Group Namibian national oil company Namcor is. Section 8 defines the functions of the National Petroleum Corporation of Namibia. A LOOK AT WHAT’S NEXT FOR NAMCOR. Jennifer Comalie (Chairperson) / Mr. In the past NAMCOR did not seek a participatory interest in licenses awarded. Mar 06, 2023. 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. Unlocking Namibia’s oil and gas potential: insights from African Energy Week (AEW) 2023 presentation by Namcor. the resulting hydrocarbon molecules (fractions) often are further treated to change their size or structure, which makes them more usable. It controls the exploration activities for oil and gas upstream by. +264 61204 5000, +264 6120 5060. V. National Petroleum Corporation of Namibia Pty Ltd 1 Aviation Road, Petroleum House, Private Bag 13196, Windhoek, Namibia. 494 likes, 21 comments - thenamibian on November 20, 2023: "A joint venture has threatened the National Petroleum Corporation of Namibia (Namcor) with a liqu. The initial development plan for the field was a gas-to-power project, with Namibia Power Corporation (NAMPOWER) as the downstream partner. Private Bag 13196, Windhoek, Namibia. 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. Unlocking Namibia’s oil and gas potential: insights from African Energy Week (AEW) 2023 presentation by Namcor. 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. A Commissioner for Petroleum Affairs, a Chief Inspector of Petroleum Affairs, and designation other officers shall be appointed by the Minister under section 3. By. Orange Basin Discovery National Petroleum Corporation of Namibia Pty Ltd 1 Aviation Road, Petroleum House, Private Bag 13196, Windhoek, Namibia. National Petroleum Corporation of Namibia (Pty) Ltd. 3% in 2012, 13. 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. The Government of the Republic of Namibia is its sole shareholder. 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. 3 billion from the National Oil Storage Facility (NOSF). From January 2020 to date, the National Petroleum Corporation of Namibia (Namcor) has generated N$3. , or Namcor, posted a loss of 700 million Namibian dollars ($37 million) and said it faces “significant cash flow challenges”. Website Address:Shell holds a 45% stake in the offshore Petroleum Exploration License 39 (PEL 39) with a 45% interest held by Qatar Petroleum and a 10% held by the National Petroleum Corporation of Namibia (NAMCOR). A: National Petroleum Corporation of Namibia is located at: Petroleum House, Private Bag 13196, Windhoek, 1 Aviation Road, Windhoek, Namibia Q: What are the coordinates of the National Petroleum Corporation of Namibia?NAMCOR NAMIBIA | 49,915 followers on LinkedIn. Canadian company Reconnaissance Energy Africa and its joint venture partner, the National Petroleum Corporation of Namibia (Namcor), have been granted. Engage via Email. Import and Export Petroleum Products NAMCOR 14 years 2 months Petroleum Trader NAMCOR Mar 2014 - Present 9 years 9 months. His trustworthy with people and company's property is something anyone will admire. Namibia’s recent discovery of 11 billion barrels of crude oil is a potential game-changer for the nation, promising economic growth and regional energy supply. This joint venture. The discovery in the Jonker-1X deep-water exploration well, located anout 270 kilometres off the coast of , was made by a joint venture of , QatarEnergy and Namcor, the company announced on Monday. National Petroleum Corporation of Namibia, founded in 1967 and headquartered in Windhoek, Khomas, is a petroleum drilling company. NAMCOR Annual Report 2012 5 ManaGinG diRecToR’s and chaiRMan’s RepoRT T he 2012 financial figures has certainly abetted in this recovery action, with the group grossing a net income of N$ 47 118 156 before taxation. It also assists the Ministry with the administration of the Petroleum (Exploration and Production) Act. THE national petroleum company has given its employees until 19 November to get their first or second dose of the Covid-19 vaccine. PART IV . The PEL 39 blocks are located offshore Namibia in ultra-deep-water depths of about 2,500 metres, covering an area of approximately 12,300 square kilometres. On June 11, 2021 the National Petroleum Corporation of Namibia (NAMCOR) and ReconAfrica executed a Joint Operating Agreement (JOA). In line with this goal, the National Petroleum Corporation of Namibia (NAMCOR) has joined Africa’s biggest energy event, the African Energy Week (AEW) (conference and exhibition — taking place from October 18-21, 2022, in Cape Town — as a platinum sponsor, with a delegation coming to the Cape Town event to discuss. 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. Timoteus Ekandjo (Vice Chairperson) / Mr. [email protected] 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. You can see how this popup was set up in our step-by-step guide: //wppopupmaker. 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. Walvis Bay Depot. The purpose of the enterprise is to provide and maintain an adequate, reliable, competitive, safe and efficient gas service to customers at. 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 discovery was made on the Petroleum Exploration License 39 – owned by Shell (45%), Qatar Petroleum (45%) and the National Petroleum Corporation of Namibia (10%) – with Shell as the operator. Namcor has no regulatory authority nor statutory right to participate in petroleum development. V. na. •Positively maintained the terminal’s budget and petty cash. The Gas produced from the Kudu Gas Field will. V. 1 day ago · The Namibian National Petroleum Corp. 5% in 2021 and 4. It accounts for 25% of the country's income. It offers various petroleum products and. Under the helm of MD Immanuel Mulunga, indigenous petroleum corporation, NAMCOR, is intent on consolidating and growing its upstream and downstream activities while extending its reach across a variety of market sectors. Namcor has no regulatory authority nor statutory right to participate in petroleum development. 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. 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. 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. Name: National Petroleum Corporation Of Namibia (NAMCOR) Tel: +264 61 204 5000. 5% in 2011, 12. November 7, 2023 Cobus Theyse. na, Board of Directors: Ms. (previously known as Shell Exploration and Production (LXVIII) B. 4. 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. Under the agreement, the two companies will jointly pursue an ongoing petroleum exploration program in the Kavango East and Kavango West regions of Namibia, with ReconAfrica covering the full costs to. Shell, which has a similar stake, is the operator of the licence. of Namibia, said in a Bloomberg TV. 6 million litres still remain, 37 million litres of ADO (diesel) of. 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. 14. NAMIBIA PEL 87 Orange Basin PANCONTINENTAL 75%. National Petroleum Corporation of Namibia, founded in 1967 and headquartered in Windhoek, Khomas, is a petroleum drilling company. Use the CB Insights Platform to explore National Petroleum Corporation of. Tel: +264 67 307 588 . 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. THE National Petroleum Corporation of Namibia (Namcor) is embroiled in a dirty power struggle between its board chairperson Jennifer Comalie and managing director Immanuel Mulunga over the control of the state-owned oil company. BE IT ENACTED by the National Assembly of the Republic of Namibia, as follows:-1. ] By. National Petroleum Corporation of Namibia. products made from refined crude include gasoline, diesel, kerosene, petroleum coke, 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. T +264 61 204 5000 F +264 61 204 5061/30/92 E info@namcor.