Namcor wanted government guarantees – Amutse

Energy minister Modestus Amutse says international oil trader Vitol was awarded the tender to supply fuel to Namibia for the next three months because the company required no government guarantees.

Amutse was responding to questions from parliamentarians in the National Assembly on Wednesday afternoon.

This comes after concerns that state oil company Namcor was sidelined in the process.

“With the National Petroleum Corporation of Namibia (Namcor) [bid] there were conditions. They needed a guarantee. They can only get oil from their source with a guarantee, for obvious reasons. So that made them not qualify,” Amutse said.