NAMENCO deploys oil tanker

NAMIBIA Energy Corporation (NAMENCO), an indigenous-owned petro-chemical resources company majoring in the physical trading and movement of petroleum products yesterday announced the deployment of its newly-acquired motor tanker vessels into Namibian waters.

The 1440 dead weight oil tanker, christened ‘Namibian Lady’, will be deployed as a supply vessel of marine gas oil and lubricants to the fishing vessels, marine diamond mining vessels and all other merchant vessels off-shore and in-shore off-the-port limits of Walvis Bay and Luderitz within the exclusive maritime zone. According to the Namibia Energy Corporation group chief executive officer, Mihe Goamab I, this is the first time a local company owned by previously disadvantaged Namibians “has broken a trade barrier against all odds to make Namibia as a shore-line country self-reliant on its own oil tankers”.Goamab I said currently all of Namibia’s oil imports were brought into the country by South African owned or chartered oil tankers.According to the Namibia Energy Corporation group chief executive officer, Mihe Goamab I, this is the first time a local company owned by previously disadvantaged Namibians “has broken a trade barrier against all odds to make Namibia as a shore-line country self-reliant on its own oil tankers”.Goamab I said currently all of Namibia’s oil imports were brought into the country by South African owned or chartered oil tankers.