Wednesday, February 6, 2008

No Takers for Namcor Fuel

NewEra.com.na: "The five oil companies in Namibia, namely BP, Caltex, Engen, Shell and Total, have received instructions from their respective head offices to turn down outright receipt of fuels carried by the Farandol Vessel.

BP and Shell received instructions from their head offices in London, Total from Paris, while the instruction for Caltex came from its mother company Chevron in the United States.

The instructions from the international head offices put the National Petroleum Corporation of Namibia – Namcor Trading – in a much more difficult situation as Namcor was hoping to reach a quick solution with the oil companies."