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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.


This is in line with the company’s six point strategic plan on upstream devel- opment. The company carries an average of a 10% inter- est in all exploration production licenses. “It is only one block that we do not yet have an interest in”, said Acting Exploration & Production Executive Victoria Sibeya.