Namibia could capitalize on its existing bilateral agreements with Angola to acquire the skills and lessons it needs to fast-track the development of its oil industry.

Mines and Energy Minister Tom Alweendo says such a move would boost the economies of both nations.

Angola is an oil-producing country with ample experience built up over the years.

Following recent oil discoveries, Namibia, as a potential oil producer, will tap into Angola's expertise by collaborating in areas including skills development.

The two counterparts signed a Memorandum of Understanding and discussed how to effectively implement the signed agreement.

"But we also said it doesn't just help to sign an MOU; we had to make sure that the MOU is translated into concrete actions, and apart from that agenda, we have also agreed to set up a committee of experts that will meet on a regular basis and evaluate progress made towards some of the collaboration efforts that we have agreed to."

Angola's Minister of Mineral Resources, Petroleum, and Gas, Diamantino Azevedo, says his country will avail itself of its expertise and petroleum infrastructure to help Namibia transform its oil industry.

Azevedo touched on opportunities for common investments in oil and gas as well as other mineral resources that could address issues facing the youth and education sectors as well as improve the quality of life in both countries.

Azevedo says Namibia and Angola have a lot in common in terms of mineral resources and common investment opportunities in oil, gas, and other mineral resources that could address issues among the youth, within education, and related to the quality of life for both countries' citizens.

"We would also like to present our availability so that the infrastructure that exists in Angola can be of support to the petroleum industry in Namibia to utilize and replicate the good example that is necessary in Namibia and in this joint effort."

The two ministers addressed a media conference meant to strengthen their cooperation and help foster business partnerships.

Alweendo and Azevedo also discussed strategies to stop oil smuggling and navigate around the issue without disadvantaging either country or their citizens.