Home$ 1 for the expensive storage of oil by the namibian government

$ 1 for the expensive storage of oil by the namibian government

$ 1 for the expensive storage of oil by the namibian government

Oil storage keeps gobbling up millions - The Namibian

by Mathias Haufiku, Tileni Mongudhi THE government is set to splash another N$50 million on the N$5,5 billion national oil storage facility at Walvis Bay after complaints that it has substandard firefighting capacity. The cost of the controversial oil storage facility soared from under N$1 billion to around N$5,5 billion in a few years.

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Namibian govt claims Angolan oil not up to standard

The Namibian government opted to build a N$5,5 billion oil storage facility at Walvis Bay, instead of an oil refinery. McLeod's comments come at a time when the government is looking at importing oil from the United Arab Emirates (UAE).

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China-Namibia jointly built oil storage facility handed over

WINDHOEK, March 30 (Xinhua) -- Namibia's state-owned oil company, the National Petroleum Corporation (NAMCOR) has taken over the national oil storage facility, jointly built by Chinese and Namibian firms. The construction of the multi-billion-dollar facility commenced in January 2015, and was done

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The Namibian Investigative Unit

SWITZERLAND energy company, Vitol SA, offered to pay the Namibian government US$1 (about N$11,70) per year to rent the N$5,6 billion state-owned fuel storage facility at Walvis Bay for 10 years. Vitol SA, which is one of the world's biggest oil trading companies, supplies crude and oil products, and refines petroleum through Vivo Energy

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Namibia: Govt Offered Us$1 Vitol Offer for Fuel Storage

Switzerland energy company, Vitol SA, offered to pay the Namibian government US$1 (about N$11,70) per year to rent the N$5,6 billion state-owned fuel storage facility at Walvis Bay for 10 years.

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The Namibian Investigative Unit

TM: Some of your detractors feel you receive the majority of government contracts. It's estimated that you've been involved in at least N$12-billion worth of government contracts. VN: I'm only involved in the oil terminal, among the biggest contracts. We signed the N$343 million University of Namibia contract this year.

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Billion-dollar oil storage blunders - The Namibian

The finance ministry asked Price waterhouseCoopers (PwC) last year to independently verify the payments made by the government for the construction of the national oil and petroleum storage

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China-Namibia jointly built oil storage facility handed over

WINDHOEK, March 30 (Xinhua) -- Namibia's state-owned oil company, the National Petroleum Corporation (NAMCOR) has taken over the national oil storage facility, jointly built by Chinese and Namibian firms. The construction of the multi-billion-dollar facility commenced in January 2015, and was done

Get Price

Namibian govt claims Angolan oil not up to standard

The Namibian government opted to build a N$5,5 billion oil storage facility at Walvis Bay, instead of an oil refinery. McLeod's comments come at a time when the government is looking at importing oil from the United Arab Emirates (UAE).

Get Price

Govt offered US$1 for costly oil storage - The Namibian

SWITZERLAND energy company, Vitol SA, offered to pay the Namibian government US$1 (about N$11,70) per year to rent the N$5,6 billion state-owned fuel storage facility at Walvis Bay for 10 years.

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Namibian motorists to pay N$7bn for fuel storage

The government, through the Development Bank of Namibia, aquired two loans from the African Development Bank (AfDB) – one for N$2,8 billion and another for N$1,5 billion. Information leaked to The Namibian shows that motorists and the public will fork out N$55 million a month to repay the loan, before the storage facility starts operating to

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Namibian motorists to pay N$7bn for fuel storage

The government, through the Development Bank of Namibia, aquired two loans from the African Development Bank (AfDB) – one for N$2,8 billion and another for N$1,5 billion. Information leaked to The Namibian shows that motorists and the public will fork out N$55 million a month to repay the loan, before the storage facility starts operating to

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China-Namibia jointly built oil storage facility handed over

First oil tanker unloads oil at a terminal in Namibia's port town Walvis Bay on Dec. 1, 2020. (Xinhua/Huo Kecheng) Namibia's state-owned oil company, the National Petroleum Corporation, has taken

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China-Namibia jointly built oil storage facility handed over

Namibia's state-owned oil company, the National Petroleum Corporation (NAMCOR) has taken over the national oil storage facility, jointly built by Chinese and Namibian firms. The construction of the multi-billion-dollar facility commenced in January 2015, and was done by a joint venture between China Harbour Engineering Company, the Roads

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PS blames politicians for bulk oil storage - Namibian Sun

Hungamo was referring to his acquittal on a number of charges in the Walvis Bay bulk oil storage facility debacle, in which the budget has ballooned from N$800 million (around 2008 and 2009) to N$5.5 billion.

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Namibian motorists to pay N$7bn for fuel storage

The government, through the Development Bank of Namibia, aquired two loans from the African Development Bank (AfDB) – one for N$2,8 billion and another for N$1,5 billion. Information leaked to The Namibian shows that motorists and the public will fork out N$55 million a month to repay the loan, before the storage facility starts operating to

Get Price

China-Namibia jointly built oil storage facility handed over

Namibia's state-owned oil company, the National Petroleum Corporation (NAMCOR) has taken over the national oil storage facility, jointly built by Chinese and Namibian firms. The construction of the multi-billion-dollar facility commenced in January 2015, and was done by a joint venture between China Harbour Engineering Company, the Roads

Get Price

China-Namibia jointly built oil storage facility handed over

Namibia's state-owned oil company, the National Petroleum Corporation (NAMCOR) has taken over the national oil storage facility, jointly built by Chinese and Namibian firms.

Get Price

Namibia government claims Angola Oil not up to standard

The Namibian government opted to build a N$5,5 billion oil storage facility at Walvis Bay, instead of an oil refinery. McLeod's comments come at a time when the government is looking at importing oil from the United Arab Emirates (UAE).

Get Price

National Oil Storage Facility - NAMCOR

NAMCOR has been appointed by the Government of the Republic of Namibia to manage and operate the new state of the art National Oil Storage Facility (NOSF) in Walvis Bay. The NOSF consist of a newly built tanker Jetty with 2 berths and with a maximum draft of 16.5m. The Jetty can accommodate vessels with up to 60,000 DWT.

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Motorists to pay N$7 billion for fuel storage - The Namibian

THE N$5,6 billion fuel storage project, which is yet to be handed over to the Namibian Petroleum Corporation of Namibia (Namcor) is set to be funded by motorists through a 60 cents per litre fuel levy.

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Namibia government claims Angola Oil not up to standard

The Namibian government opted to build a N$5,5 billion oil storage facility at Walvis Bay, instead of an oil refinery. McLeod's comments come at a time when the government is looking at importing oil from the United Arab Emirates (UAE).

Get Price

Namibia: Govt Claims Angola Oil Not Up to Standard

The Namibian government opted to build a N$5,5 billion oil storage facility at Walvis Bay, instead of an oil refinery. McLeod's comments come at a time when the government is looking at importing

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Flames over N$60m oil storage fire station tender - Namibian Sun

The board last month awarded Pioneer Mechanical Contractors Namibia, which joined forces with Waldhem Construction and Installation CC, the tender to construct an external firefighting system at the oil storage facility in Walvis Bay. The JV entity outscored six other bidders to land the contract. The estimated project cost was N$57.5 million.

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