TIRI MASAWI
President Netumbo Nandi-Nandi Ndaitwah said Cabinet has approved the Upstream Local Content Policy for the oil and following extensive consultations nationwide.
Speaking at the Namibia International Energy Conference on Wednesday Nandi-Ndaitwah said the policy ensures that Namibians participate meaningfully in the sector through skills development, employment creation, and enterprise growth.
The conference ran under the theme “The Road to First Oil and Beyond: Partnership, Investment, Growth,”
“It is designed to ensure that the development of our petroleum resources translates into tangible socio- economic benefits for all Namibians. As Namibia transitions from exploration to development, the focus is on execution, timely project delivery, and value realisation. Partnership remains central to achieving these objectives,” she said.
Nandi Ndaitwah said the oil and gas industries should provide structural transformation, inclusive growth, and long-term prosperity.
She said Namibia remains committed to maintaining a stable, transparent, and predictable environment that attracts investment while safeguarding national interests.
“Good governance, accountability, and ethical leadership will remain the foundation of this effort. Namibia stands at a pivotal moment. The responsibility before us is to ensure that our natural resources translate into shared prosperity and sustainable development,” she said.
The President said Namibia has attracted significant global investment, positioning the country as an emerging energy player.
“TotalEnergies and its partners made the Venus discovery, one of the largest deepwater oil finds globally in recent years. Shell has confirmed multiple discoveries, including Graff, Jonker, La Rona, and Lesedi,” she said.
The President added that : “Galp Energia has reported significant findings in the Mopane complex. Additional discoveries by Rhino Resources and Azule Energy Namibia, including the Capricornus and Volans prospects, further reinforce this potential.”
She said oil discoveries are significant and present a pathway to economic transformation through increased revenues, infrastructure development, industrial growth, and employment creation.
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