Namcor throws weight behind minister on Vitol deal
The National Petroleum Corporation of Namibia (Namcor) says the decision to award Vitol a three-month deal to supply fuel to Namibia is “commercially beneficial” and “aligned with national objectives”. Namcor’s statement on Friday follows concerns raised by parliamentarians and the former acting managing director of Namcor, Maureen Hinda-Mbuende, who say the Vitol deal sidelined the […] The post Namcor throws weight behind minister on Vitol deal appeared first on The Namibian .
The National Petroleum Corporation of Namibia (Namcor) says the decision to award Vitol a three-month deal to supply fuel to Namibia is “commercially beneficial” and “aligned with national objectives”.
Namcor’s statement on Friday follows concerns raised by parliamentarians and the former acting managing director of Namcor, Maureen Hinda-Mbuende, who say the Vitol deal sidelined the state oil company.
“Participation in fuel procurement activities must be commercially sustainable and supported by prudent decision-making, effective risk management and sound governance,” Namcor spokesperson Utaara Hoveka says in the statement.
