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NAMCOR’s Managing Director Immanuel Mulunga was recently honoured with a Life Time Achievement Award, by organisers of Africa Oil Week in Cape Town, South Africa.


On the 29 June 2016 to 1 July 2016 NAMCOR sta mem- bers together with the Directorate of Petroleum A airs in the Ministry of Mines and Energy undertook a trip on board the Maersk Drilling Rig.


 

NAMCOR’s bid to regain Langerheinrich Uranium (LHU) mine’s heavy fuel tender for another 5 years was successful.

NAMCOR participated in the just ended Ongwediva Trade Fair that took place on the 26 August 2016 – 3 September 2016.


 

The Managing Director Mr. Immanuel Mulunga hosted a business dinner on the side lines of the annual Ongwediva Trade Fair on 31 August 2016.

 

The Exploration & Production Department is involved in a project that will see more value being placed on high hydro- carbon potential blocks.


NAMCOR has increased its equity in blocks allocated to oil companies from 85% during the 2015/16 nancial year to 97.3% in the current nancial year.

They are (from left) Barbara Omoregie (Director), Patrick Kauta (Chairman), Minister of Mines and Energy, Obeth Kandjoze, Anna Libana (Deputy Chairperson), Lorentha Harases (Director) and Dr Roger Swart (Director).



The National Petroleum Corporation of Namibia (NAMCOR) donated beds and mattresses worth over N$400, 000.00 to the Orotjitombo Primary School in the Kunene Region.


Namibia's success story in capacitating its local petroleum industry came under the spotlight at the 12th Annual Getenergy conference in London, England which took from the 16-17 March 2016.


Ranked number one in Africa for investment by the Global Petroleum Survey’s Policy Perceptions Index in 2015, Namibia presents an easy and business-friendly environment. With royalties set across the board at 5% and a number of investment incentives in place, including a VAT waiver and other tax advantages for oil and gas companies, Namibia has been able to attract a number of international players in recent years, including Repsol, Shell and Tullow Oil. As the country’s basins remain mostly unexplored, Namibia represents a great mixture of investor-friendly regulations and large untapped potential. So far, however, the exploration campaigns have revealed nothing but a string of dry wells.

Source (www.howwemadeitinafrica.com)