By: Peneyambeko Jonas and Nghiinomenwa-vali Hangala
The National Petroleum Corporation of Namibia (Namcor) has welcomed the fuel procurement by the government that gives Vitol a monopoly to supply the country’s bulk fuel for three months.
This is despite the corporation wanting the same arrangement 6 years ago, which was not allowed due to anti-competitiveness.
The government has, however, contradicted this decision and arranged for one company to import petroleum products for the country for three months.
The government’s decision contradicts that of the Namibian Competition Commission in 2019 which denied Namcor 50% control over Namibia’s petroleum imports.
Comments