Namibia prepares for first oil production, emphasizes local benefits
Modestus Amutse, Minister of Industries, Mines and Energy, addressed the Namibia Oil and Gas Conference 2026, highlighting the country's transition from an oil prospect to a priority on the global energy map following discoveries in the Orange Basin. He outlined Namibia's strategic plan for 2026-2030, focusing on readiness for first oil production before the end of the decade. This includes developing an onshore petroleum supply base, expanding fuel storage, establishing a petrochemical testing laboratory, and modernizing seismic and geoscientific data systems. The Minister also emphasized institutional, policy, and fiscal certainty for investors. He noted the realignment of upstream petroleum under the Upstream Petroleum Unit in the Office of the President and the National Upstream Petroleum Local Content Policy, which prioritizes Namibian employment, suppliers, skills transfer, and participation across the value chain. Amutse stressed that local content is crucial for the industry's long-term durability and social license. He commended the conference for facilitating supplier readiness, local enterprise pitching, and structured matchmaking, noting its growth with over 1,500 delegates and 70 exhibitors. The Minister urged Namibian entrepreneurs to utilize the opportunities provided and invited investors to partner with Namibia, emphasizing the country's stability and commitment to its word.
