Namcor working toward responsible petroleum management

Since its establishment in 1991, the National Petroleum Corporation of Namibia (Namcor) has worked toward delivering world-class petroleum organisation and providing sustainable benefits to all stakeholders.

With the aim of establishing itself as a leading fuel and lubricant supplier in Namibia and beyond, Namcor recently established a number of retail service stations nationwide.

However, the establishment of its retail face is just the tip of the iceberg at Namcor.

Namcor works to interpret and evaluate geological and geophysical data in the process of locating petroleum resources that play a vital role in the hydrocarbon potential of a country.

To ensure the effective management of their activities, Namcor keeps the NamCode close by - this is the corporate governance code of Namibia, and with this work toward their aim of sustainable and socially responsible investment that is environmentally and socially sound as well as taking corporate governance into consideration.

In the future, Namcor plans to acquire well-managed oil- and gas-producing assets in politically stable territories all over the world. This forms part of Namcor’s plans to generate a constant and dependable income stream while at the same time increasing their international footprint and becoming a noteworthy stakeholder in the oil and gas value chain.

Currently, all 189 employees at Namcor play a part in their future plans of extending Namcor’s fuel retail network at strategic urban and rural points across the country.

Namcor opened their first fuel station at the Hosea Kutako International Airport in 2019 and have consistently worked to develop this business model since then.

In its infancy, the company predominantly focused on finding and effectively managing petroleum resources with a 10% interest in all petroleum exploration activities on Namibian soil as NOC, Namibia’s Oil Company. The company also served government in advisory capacity.

Thirty years after its establishment, Namcor still aims to enter and maintain successful and mutually beneficial partnerships, to offer convenience to clients and stakeholders as well as quality products. Furthermore, Namcor aligns itself with offering a motivating, engaging, high-performing, safe and rewarding work environment as well as meeting shareholder expectation by operating in a profitable and successful operation. Not leaving their responsibility as a corporate citizen behind, Namcor aims to be mindful of the community and environment in which it operates.

Recently, Namcor strengthened its presence along the Namibian coast with another service station at Swakopmund just north of Ocean View. This is the 10th Namcor service station.

Their new location boasts the first ever Pick n Pay Express in Namibia and is run by rally enthusiast Oswaldo Mendes.

Retail site manager Peter Alan explains that the newest service station in the town aims to cater to more than just fuel needs.

“People don’t want to spend time at a service station. We want to make it as convenient as possible – stop and go service – hence the name Pitstop. Service is our success model,” he said.

O&L corporate relations manager Roux-Che Locke adds that this relationship between Pick n Pay and Namcor is testament to the power of smart partnership.

“When a partnership is built around a vision, it will pull in the same direction to take responsibility and succeed. It is good that two true Namibian companies, such as Namcor and O&L, ploughed back into the community and gave the local economy a chance to thrive,” she said.

Namcor’s acting executive for sales and marketing, Davis Maphosa, believes that the new location is aimed at the future noting its location in the Ocean View suburb, which has shown constant growth over the past few years.

“This site is very important to Namcor as this is our 10th in Namibia. We have a very ambitious programme to have 33 sites across Namibia by 2024.”

Namcor plans to add four more Erongo locations in the future. Another Namcor service station is expected to open at Swakopmund while Walvis Bay, Henties Bay and Arandis are all taken into account in Namcor’s future plans.

“We have a mandate to ensure the secure supply of fuel to the entire nation, so those who are not fortunate enough to have such facilities in reach can now have access to them,” said Maphosa.

The deputy mayor of Swakopmund, David Am-!Gabeb, says that Namcor’s investment in the town will be a driver for socio-economic activities that encourage the region’s aims through local and international investment.