The Minister of Industries, Mines and Energy, Modestus Amutse, denied claims that NAMCOR received bail-outs from foreign entities.
This clarification follows concerns raised by IPC MP Ferdinand Hengombe seeking clarity on the matter.
Leaders from the business sector, faith community, and government gathered in Windhoek over the weekend for the inaugural Deeper Leaders and Business summit.
Namibia is at a critical stage in its emerging oil and gas sector, with billions of dollars in potential investment and job creation opportunities at stake.
This was the view of officials at the inaugural National Upstream Oil and Gas Local Suppliers Workshop hosted by Petrofund.
The Upstream Petroleum Unit has clarified that positioning the Unit under the Presidency is a deliberate and strategic decision aimed at enhancing governance within Namibia's emerging oil and gas sector.
Special advisor and Head of the Upstream Petroleum Unit in the Office of the President, Kornelia Shilunga, acknowledged the media's role in spotlighting Namibia's emerging oil and gas sector.
TotalEnergies has indicated that the Venus oil project is expected to commence by mid-year, and is currently in the technical development phase.
The Vice President of TotalEnergies, Mike Sangster, made the announcement when he paid a courtesy visit to President Netumbo Nandi-Ndaitwah at state house.
The Chief Executive Officer of Rhino Resources, Travis Smithard, said that Namibia's decision to elevate the petroleum sector within government structures has strengthened investor confidence.
President Netumbo Nandi-Ndaitwah has outlined Namibia's bold vision and commitment to a resilient and globally competitive energy sector, driven by strong institutions, strategic reforms, and inclusive growth.
President Netumbo Nandi-Ndaitwah has outlined a comprehensive vision for Namibia’s energy future, emphasising strong institutions, policy reforms, and sustainable development during her address at the Namibia International Energy Conference.
Namibia's green hydrogen ambitions continue to advance with a new partnership aimed at strengthening local participation in the sector.
