Business Reporter<\/p>\n\n\n\n
THE National Petroleum Corporation of Namibia (NAMCOR) has discovered the potential theft of fuel estimated to be over N$1 million at the National Oil Storage Facility (NOSF) in Walvis Bay.<\/p>\n\n\n\n
This discovery follows the loading of 39,993 litres of diesel ADO 50 ppm in December 2023 and 39,891 litres of the same product in January 2024. Despite loading documents suggesting that the two loads were destined for a customer site, there is no evidence of the product having arrived or been received by the bulk fuel customer.<\/p>\n\n\n\n
NAMCOR has conducted an extensive internal investigation which included theft of fuel.<\/p>\n\n\n\n
Last week, NAMCOR proceeded with opening a case of theft with the Walvis Bay Police and is collaborating closely with the regional law enforcement authorities to resolve this matter.<\/p>\n\n\n\n
\u201cAn interesting development with a bearing on this matter is the timing of the resignation of the truck driver who transported the two loads. The driver worked for one of the companies contracted by NAMCOR to transport fuel on its behalf and resigned last week Thursday, 8 February 2024,\u201d Interim NAMCOR Managing Director Ebson Uanguta said.<\/p>\n\n\n\n
Uanguta added that the company is committed to leaving no stone unturned in addressing this unbecoming behaviour.<\/p>\n\n\n\n
\u201cWe are working around the clock to ensure that the culprits responsible for this bear the full consequences of their actions,\u201d Uanguta said.<\/p>\n\n\n\n
He added that there is a legal and moral obligation imposed upon NAMCOR to operate in accordance with the highest standards commensurate with a national oil company. He assured clients, stakeholders, and the general public of the company\u2019s unwavering commitment to serving them to the best of its abilities.<\/p>\n","protected":false},"excerpt":{"rendered":"
Business Reporter THE National Petroleum Corporation of Namibia (NAMCOR) has discovered the potential theft of fuel estimated to be over N$1 million at the National Oil Storage Facility (NOSF) in Walvis Bay. This discovery follows the loading of 39,993 litres of diesel ADO 50 ppm in December 2023 and 39,891 litres of the same product …<\/p>\n","protected":false},"author":10,"featured_media":354591,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[33,27,24],"tags":[],"class_list":["post-354590","post","type-post","status-publish","format-standard","has-post-thumbnail","category-breaking-news","category-business","category-news"],"yoast_head":"\n