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The Namibian
Utaara Hoveka stated bailout did not involve direct cash injections to Namcor
“"I must make it clear this [bailout] did not involve any direct cash injections to Namcor," said company spokesperson Utaara Hoveka, apparently to ease concerns that the money could be squandered.”
Of State Shareholding in OilThe Namibian
Utaara Hoveka is Namcor spokesperson Namcor spokesperson
“Namcor spokesperson Utaara Hoveka says under the agreement senior Namcor and Galp officials will identify opportunities and initiatives in the two sectors.”
Namcor and Portuguese energy giant to collaborate on capacity buildingThe Namibian
Utaara Hoveka confirmed Willemse's resignation from Namcor.
“Namcor's spokesperson Utaara Hoveka has confirmed Willemse's resignation.”
Mulunga’s right-hand man resigns from NamcorThe Namibian
Namcor spokesperson Utaara Hoveka said salary structures are approved by board and finance minister where appropriate
“"I am not at liberty to shed any light on remuneration related issues, as salary issues are confidential in terms of our policies. However, rest assured that salary structures are approved by the board and the minister of finance, where appropriate.”
Namcor spent N$118m on 189 employees’ salariesVictoria Sibeya has been appointed managing director of the National Petroleum Corporation of Namibia, effective 1 July. Sibeya, who joined Namcor in 2006 and has been director of upstream exploration since 2019, will be the company's sixth substantial managing director.
1 July 2026 · The Namibian →
Victoria Sibeya has been appointed managing director of the National Petroleum Corporation of Namibia, effective 1 July. Sibeya, who joined Namcor in 2006 and has been director of upstream exploration since 2019, will be the company's sixth substantial managing director.
1 July 2026 · The Namibian →
Oil industry executives have warned that Namibia faces a defining test as it moves closer to oil production, arguing that discoveries and foreign investment alone will mean little unless the sector translates into jobs, skills and economic opportunities for ordinary Namibians. The warnings were raised at the launch of the fourth Namibia Oil and Gas Conference and Exhibition, where the theme "From Decision to Dividend: Making Namibia's Oil Work for Namibians" signals a shift from celebrating offshore discoveries to converting petroleum wealth into jobs, business opportunities and skills development.
17 June 2026 · Windhoek Observer →
The government awarded a three-month fuel supply arrangement worth an estimated N$7.2 billion to international energy trader Vitol, intensifying scrutiny of governance at state-owned oil company Namcor, which lacks a substantive managing director. Critics claim Namcor submitted a cheaper proposal, raising questions about confidence in the company's operational capacity, though Namcor's board chairperson denied operating in a leadership vacuum.
16 June 2026 · Windhoek Observer →
NAMCOR has defended its coordinated fuel procurement arrangement as commercially beneficial and aligned with national objectives, citing the need to balance affordability, security of supply, and sustainability while rebuilding financial strength after recent difficulties.
13 June 2026 · Informanté →
Namcor says awarding Vitol a three-month fuel supply contract is "commercially beneficial" and aligned with national objectives, following concerns from parliamentarians and a former managing director that the deal sidelined the state oil company. Namcor cited working capital limitations and previous financial weaknesses requiring N$1.2 billion in government support in April 2024, and additional N$401 million in July and August 2025.
12 June 2026 · The Namibian →
The National Petroleum Corporation of Namibia (NAMCOR) has announced that Mtundeni Ndafyaalako, Executive Upstream Development & Production, will serve as Acting Managing Director effective 1 March 2026, pending completion of a recruitment process for a permanent managing director. Ndafyaalako, who joined NAMCOR in 2018 as a geoscientist and brings nearly two decades of oil and gas sector experience, replaces interim MD Maureen Hinda-Mbuende, whose six-month tenure ends 28 February 2026.
3 March 2026 · Informanté →
Botswana Oil flagged that fuel trucks loaded from Namcor's Walvis Bay terminal in early January failed quality tests for octane rating, raising concerns that substandard fuel may have entered Namibia's retail network and could damage engines. Namcor disputes the allegations, saying the product met specifications at discharge and underwent standard testing procedures.
1 February 2026 · The Namibian →