Namibia: Court Orders Erongo Petroleum Liquidation

A High Court order has dealt a decisive blow to Erongo Petroleum CC, placing it under final order for liquidation, following months of financial struggles and court squabble.

The ruling comes after Namcor Petroleum Trading and Distribution (Proprietory) Limited pressed for urgent relief, pointing out the entity’s ballooning debts since November 2023 to Namcor in the amount of N$266.7 million.

The debt amount of N$266.7 million that Erongo initially owed to Namcor was reduced after the oil company…