Oil investment in Namibia will not necessarily bring prosperity - Shilunga
Breadcrumb
Deputy Minister of Mines and Energy Kornelia Shilunga says while significant oil investment is expected to flow into Namibia, it is not a given that prosperity will follow.
Shilunga was speaking at the Copper Festival in Tsumeb, held under the theme 'Empowering Entrepreneurship in a Sustainable Namibia'.
Last year, oil and gas were discovered in commercial quantities offshore the Namibian basins by Total Energies and Shell, together with their partner Namcor.