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Namibia Extends Fuel Deal Amid Controversy | Namibia News
Namibia’s government is granting Vitol a one-month contract extension through October to cover unsold fuel — but it’s not a financial guarantee, just a business favor. The move stems from an emergency July deal where Vitol was supposed to supply 100% of the country’s fuel at basic prices, yet only 70% was ordered due to low demand from local oil companies. Vitol claims a commercial loss, and while the government agreed to the extension, they’re moving swiftly toward a new bidding process for November-January and a revamped bulk import framework. Critics are demanding transparency: when will…
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