(3 Minutes Read)
A spur in the discovery of oil and gas in recent years prompted Namibia to draft a National Upstream Petroleum Content Policy, intending to increase local participation in the value chain of goods and services. The government says complying with the National Upstream Petroleum Local Content Policy is mandatory for potential investors in the oil and gas industry.
The policy also seeks to create employment, train and develop Namibian citizens, enable the transfer of technology, skills, and knowledge, and ensure equity participation for Namibians at all levels of the petroleum sector. As an enabler for economic growth, Namibia is looking for inclusive participation that goes beyond just employment and looking for local content that is visible in industrialisation, capacity building, and through skills and technology transfer.
Namibia’s transition is coming from a point of energy deficit and therefore it enables the country to produce those energy resources to close that gap. As such, Namibia will develop her fossil fuel for economic growth and industrialisation, stated the Ministry of Mines and Energy’s Petroleum Commissioner Maggy Shino.
She urged Namibians to make a conscious decision to play their part and only have engagements that contribute to building the capability of Namibia. In the same vein, Shino said the call for energy transition is very loud, a development that is being overwhelmingly embraced by Namibians.
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Namibia has an ambitious development agenda, inclusive of one of the world’s biggest renewable energy developments, and an aggressive green hydrogen plan in motion. A growth ambition inclusive of blue hydrogen production and many more. Namibia has seemingly refused to bend to global pressure to avert its ambitious future of being an oil-rich country.
