Namcor reports net loss of N.dollars 1.3 billion

NAMPA

2025-07-07

WINDHOEK, 03 September 2019 - The National Petroleum Corporation of Namibia (Namcor) Filling Station at Hosea Kutako International Airport. (Photo by: Anna Salkeus) NAMPA

WINDHOEK, 07 JUL (NAMPA) – The National Petroleum Corporation of Namibia (Namcor) reported a net loss of nearly N.dollars 1.3 billion for the 2022/23 financial year, despite a rise in revenue to N.dollars 7.4 billion.
The losses were driven by high trading volumes that failed to deliver sufficient margins, coupled with Namcor’s relatively small market share of 7 to 8 per cent, which weakened its pricing power.
In a statement on Sunday, Namcor sa...

Restricted content

Namcor

Oil & Gas

Uanguta calls for stronger institutions ahead of Namibia’s oil production

2026-09-24 15:30:53

Amutse urges Namibia to turn pre-oil preparation into tangible benefits

2026-09-24 12:39:05

Namibia urged to strengthen public participation in critical minerals development

2026-09-22 17:01:10

Petrofund, SAIPEM sign MoU to boost local talent in oil and gas

2026-09-22 10:47:16

Kenya, DRC urge infrastructure planning for African industrialisation

2026-09-10 16:43:30

Dâures fertiliser project secures N$60 million funding

2026-09-10 14:10:53

Namibia shifts green hydrogen agenda towards green industrialisation

2026-09-09 16:36:09

EAN calls for strong foundations to prevent resource curse

2026-08-21 07:22:52

Shilunga calls for oil wealth to drive lasting economic transformation

2026-08-20 14:16:11

Amutse reaffirms local content as key to oil and gas benefits

2026-08-19 16:02:33

Nandi-Ndaitwah calls on oil and gas operators to prioritise local content

2026-08-19 14:48:13

Latest NAMPA photos

WINDHOEK, 02 October 2026 - President Netumbo Nandi-Ndaitwah delivering a keynote address at the One Economy Foundation's 11th Annual Fundraising Soiree. (Photo: Molly Weyulu) NAMPA

NAMPA

WINDHOEK, 02 October 2026 - From left to right: First Gentleman of Namibia, Lieutenant General Epaphras Denga Ndaitwah, One Economy Executive Chairperson Monica Geingos, President Netumbo Nandi-Ndaitwah, Prime Minister Elijah Ngurare and former speaker of the National Assembly Peter Katjavivi pose for a photo at the One Economy Foundation Fundraising Soiree. (Photo: Molly Weyulu) NAMPA

NAMPA

WINDHOEK, 02 October 2026 - Prime Minister Elijah Ngurare during the One Economy Foundation 11th Annual Fundraising Soiree. (Photo: Molly Weyulu) NAMPA

NAMPA

WINDHOEK, 02 October 2026 - Minister of Industries, Mines and Energy Modestus Amutse. (Photo: Molly Weyulu) NAMPA

NAMPA

WINDHOEK, 02 October 2026 - Executive Chairperson of the One Economy Foundation, Monica Geingos at the Foundation’s 11th Annual Fundraising Soiree. (Photo: Molly Weyulu) NAMPA

NAMPA

WINDHOEK, 01 October 2026 - President Netumbo Nandi-Ndaitwah delivering a keynote address at the One Economy Foundation’s 11th Annual Fundraising Soiree. (Photo: Molly Weyulu) NAMPA

NAMPA

RUNDU, 01 October 2026 - Heavy rain damaged the staffroom at Ruben Makaranga Combined School in Rundu on Wednesday. (Photo by: Sawi Hausiku) NAMPA

NAMPA

KEETMANSHOOP, 01 October 2026 - NCCI Keetmanshoop Branch Chairperson Desmund Andreas has called for unity, discipline and full cooperation among stakeholders to contain the Foot-and-Mouth Disease outbreak in the ||Kharas Region. (Photo: Contributed)

NAMPA