Vitol sole fuel supply deal sparks questions in Parliament
Staff Reporter IMMANUEL Nashinge, the leader of the Independent Patriots for Change (IPC) in Parliament, has accused the Namibian government of monopolistic tendencies after the Minister of Mines and Energy last week announced that a single company, Vitol Bahrain E.C., was selected to be Namibia’s sole supplier of bulk petroleum products from 1 July to ... The post Vitol sole fuel supply deal sparks questions in Parliament appeared first on Informanté .
Staff Reporter IMMANUEL Nashinge, the leader of the Independent Patriots for Change (IPC) in Parliament, has accused the Namibian government of monopolistic tendencies after the Minister of Mines and Energy last week announced that a single company, Vitol Bahrain E.C., was selected to be Namibia’s sole supplier of bulk petroleum products from 1 July to 30 September 2026. The three-month deal comes amidst geopolitical tensions in Iran, which have caused strain in the security of supply of fuel, leading to an increase in petrol and diesel prices over the past months. The Minister of Mines and Energy, Modestus Amutse, in a letter, said that the deal is expected to save the country about N$1 billion, with the deal earmarked to position Vitol as the sole importer and supplier of fuel to petroleum marketing companies in the country.
