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The Ministry of Mines and Energy is fast-tracking the National Upstream Petroleum Local Content Policy to ensure local benefit directly from the growing oil and gas sector.
Authorities at the ministry said the policy aims to boost local participation across the entire industry, from exploration to production, while maintaining a balance with international investment.
“Our goal is to ensure that Namibians see real benefits from our natural resources by increasing their participation in the oil and gas industry, from exploration and production throughout the entire industry’s value chain,” said Minister of Mines and Energy Tom Alweendo.
He emphasised the urgency of acting now, given the significant discoveries in the Orange Basin.
“We’re at the dawn of an energy revolution that will transform our economy. Discoveries in the Orange Basin suggest the biggest oil yield ever found in sub-Saharan Africa, and there’s still so much to discover. We must seize the opportunity to implement policies that will protect investors and Namibia’s best interests when it comes to our natural resources,” Alweendo added.
The draft policy also promotes sustainable development, economic diversification, and energy independence, with a focus on retaining more wealth within Namibia. It will prioritise building infrastructure, promoting in-country processing, and adhering to global environmental standards.
The Ministry is committed to creating a transparent regulatory framework that makes Namibian Content a key factor in permits, licenses, and contracts, backed by strong institutions for enforcement. The policy will also encourage collaboration between international investors and Namibian stakeholders, fostering technology transfer, skills development, and local value retention.
As the country prepares for a new chapter in its oil and gas sector, the Ministry’s proactive approach aims to turn potential into reality—creating jobs, reducing energy poverty, and ensuring long-term prosperity for all.
