Walvis Bay — The Namibian Petroleum Corporation (Namcor) this week unveiled its newest products - a series of lubricants - developed in partnership with South African oil giant, Sasol.
With the lubricants, Namcor targets the mining, construction, agriculture, commercial road transport, manufacturing, marine and fishing sectors as well as wholesale and retail markets.
The concept of Namcor - branded lubricants dates back to June 2010. According to Patty Olivier, of Namcor, the lubricants would complement the fuel business, which forms an integral part of the company's overall downstream strategy.
Namibia consumes 11 million litres of lubricants per annum with an expected growth of approximately 4 percent. The bulk of the lubricant users are in the mining sector.
The lubricants conform to the SABS Mark of Quality, ISO 9001:2000 and are approved by major original equipment manufacturers (OEMs). They are guaranteed for safe use.
Namcor said the lubricants are continuously tested to ensure that customers get an excellent quality product.
The Namcor branded lubricants will be available from Namcor depots in Windhoek, Otjiwarongo, Keetmanshoop and Mariental. The company is in the process of appointing agents in Ondangwa, Katima Mulilo and Lüderitz.
Namcor will also launch an automotive lubricant distribution business and construct bulk fuel depots countrywide, said Namcor's Petroleum Downstream Manager Patty Olivier and Corporate Communication Specialist, Katrina Sikeni.
Olivier said Namcor plans to construct bulk fuel depots, for both commercial and strategic fuel supplies, as part of its resolve to fortify its presence in the downstream oil sector. Currently, Namcor's involvement in the downstream oil sector involves importing petroleum products into Namibia and the supply of such products to oil marketing and distribution companies.
Olivier said the company has entered the marketing and distribution sectors of the business by participating in fuel tenders in line with its new strategy of building an integrated oil company that competes on an equal footing with other players in the industry.