MPs SUPPORT LAW CHANGE TO DRIVE PETROLEUM INVESTMENT

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Debate on the Petroleum Amendment Bill resumed in the National Assembly, with MPs supporting the bill pointing out that the draft legislation will improve oversight, attract investment and support local content and skills development.

Namibia to enforce strict local content in oil sector

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The Head of the Upstream Petroleum Unit, Kornelia Shilunga, said that the Namibian government will enforce a strict upstream petroleum local content policy to ensure the country's discovered oil translates into real benefits to all Namibians.

Government urged to fund local content development

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The overwhelming dominance of foreign content not only drains royalties out of the country, financially sidelining local artists, but also stifles the growth of local creative industries and the job opportunities they could generate.

Norway's NABA Pledges Increased Business in Namibia

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The Norwegian-African Business Association (NABA) has pledged to expand business interest in Namibia, including the oil and gas industries.

NABA and the Norwegian Energy Partners business delegation paid a courtesy call on President Netumbo Nandi-Ndaitwah at State House on Friday.