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Barryroe Offshore Energy investors only have weeks to decide whether to fund the company to pursue a legal case against the Minister after he pulled plug on its key oil and gas prospect
Of the existing oil exploration licences, Barryroe had looked by far the most likely to actually happen.
The National Petroleum Corporation of Namibia (Namcor) has urged the media and the public to be patient as it will not disclose additional information concerning a N$100-million payment to Sungara Energies for two Angolan oil blocks.
Angolan national oil company Sonangol has refunded N$524 million to Sungara Energies, a London-based joint venture entity co-owned by the National Petroleum Corporation of Namibia...
THE Anti-Corruption Commission (ACC) is investigating a payment of N$100 million made by Namcor chief Immanuel Mulunga to a joint venture that involved a fast-living German businessman, Lars Windhorst, who is facing several lawsuits from creditors in Europe.