The National Petroleum Corporation of Namibia (NAMCOR) considers the current fuel procurement arrangement to be commercially beneficial and aligned with its national objectives.

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.

Deputy Minister of Urban and Rural Development (MURD), Evelyn !Nawases-Taeyele says transferring oversight of the petroleum sector to the presidency will significantly contribute to safeguarding the resources and avoiding exploitation from foreign countries.

Minister of Industrialisation, Mines and Energy Modestus Amutse has tabled the Petroleum Amendment Bill in Parliament, transferring management of Namibia's petroleum sector to the Office of the President.

As Namibia moves closer to becoming an oil-producing nation, Swapo Party MP Dr. Tobie Aupindi has raised concern about the country’s ability to meet the skills demands of the growing petroleum sector.

The new Heads of Mission representing France and Venezuela reaffirmed their commitment to enhance collaboration across several key sectors. 

The Ambassadors said this as they presented their Letters of Credence to President Nangolo Mbumba at State House today.