Local content policy for oil and gas industries likely to result in revision of the Petroleum Act

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The Institute for Public Policy Research's (IPPR) latest Procurement Tracker edition indicates that the local content policy for the oil and gas industries is likely to result in the revision of the Petroleum Act and its regulations, as well as the model petroleum agreement the Mines and Energy Ministry has with the international oil companies.

The procurement tracker highlighted some of the procurement risks that local policy content carries for Namibia.