Minister confirms petroleum decisions remain with ministry
Breadcrumb
The Minister of Industries, Mines and Energy has reaffirmed to the National Assembly that decisions related to upstream petroleum activities remain firmly within the Ministry.
The Minister of Industries, Mines and Energy has reaffirmed to the National Assembly that decisions related to upstream petroleum activities remain firmly within the Ministry.
The Ministry of Industries, Mines, and Energy says the reported acquisition of a participating interest in a petroleum exploration license between TotalEnergies and Petrobras cannot be recognised as concluded until the required legal process has been followed.
The Minister of Industries, Mines, and Energy has assured residents of Onandjaba Village that plans are underway to upgrade the facilities of the Namibia Investment Development Agency (NIDA) to make them more appealing for trade.
The Minister of Industries, Mines and Energy, Modestus Amutse, said that while the Kavango Cattle Ranch has improved its operations, further efforts are needed to ensure the entity becomes self-sustainable.
The Ministry of Industries, Mines and Energy (MIME) has reaffirmed its commitment to accelerating Namibia's industrial development, noting progress on key national programmes and outlining new measures aimed at boosting investment, manufacturing capacity and small and medium-sized enterprises (SME) growth.
The Minister of Industries, Mines, and Energy, Frans Kapofi, has proposed tabling the Petroleum Amendment Bill, aimed at establishing an upstream petroleum unit as well as introducing measures to strengthen fiscal transparency and accountability.
After its monthly review, the Ministry of Industries, Mines and Energy has decided to keep the fuel price for November unchanged.
President Netumbo Nandi-Ndaitwah says her decision to assume responsibility for the Ministry of Industries, Mines and Energy is aimed at ensuring stability, a renewed focus, and a stronger sense of purpose.
However, she emphasised that the success of the Ministry does not depend on a single individual.
The Minister of Industries, Mines and Energy, Natangue Ithete, has urged stakeholders in the green energy sector to move beyond speeches and take concrete action.
Mines and Energy Minister Tom Alweendo stated that Shell's announcement regarding the unviability of discoveries in PEL39 is unfortunate but will not hinder Namibia's oil and gas development.