A special advisor to the President said policy alone cannot create a competitive local supplier base; Namibia must instead build skills, standards, and capability to meet international oil companies' procurement requirements. President Nandi-Ndaitwah announced Cabinet approval of an upstream local content policy designed to ensure petroleum development delivers socio-economic benefits to citizens.
A special advisor to the President said policy alone cannot create a competitive local supplier base; Namibia must instead build skills, standards, and capability to meet international oil companies' procurement requirements. President Nandi-Ndaitwah announced Cabinet approval of an upstream local content policy designed to ensure petroleum development delivers socio-economic benefits to citizens.
U.S. Ambassador John Giordano highlighted Namibia's strategic role in a proposed Southern African Energy Corridor, emphasizing its potential as an oil and gas producer and leading uranium exporter, while noting that success requires clear regulatory frameworks and strong government-industry alignment. The remarks were made during a high-level engagement at the U.S. Embassy with global energy leaders ahead of the Namibia International Energy Conference.
Despite targeting 2030 for first oil production, Chevron and Rhino Resources announced further drilling projects at Namibia's energy conference but neither committed to final investment decisions. The government hopes for FIDs by 2026, though policy uncertainty around gas flaring and regulatory delays are hindering investment confidence.
US Ambassador John Giordano convened government officials and international energy executives at the US Embassy to advance integration of Namibia's energy, minerals and logistics systems into a scalable Southern African corridor. Giordano emphasized Namibia's potential as an oil and gas producer anchored by uranium production and robust infrastructure, while stressing the importance of regulatory clarity and alignment among governments, industry and capital for execution.
Namibia and Angola signed a power purchase agreement and joint development agreement for the Angola-Namibia Power Transmission Interconnector Project (ANNA), estimated to cost about N$941 million and scheduled for completion in 2029. The 166-kilometre transmission line will link the Kunene substation in Namibia to the Cahama substation in Angola, with an initially projected capacity of up to 500 MW to enhance power system reliability and regional energy trade.
Azule Energy, operator of PEL 85, targets a final investment decision by late 2027 and will establish an office in Namibia, with Giovanni Aquilina appointed as managing director for the country.
President Netumbo Nandi-Ndaitwah met with multiple delegations at State House over the past week, including a De Beers delegation led by CEO Al Cook, the PDM party led by McHenry Venaani, NEFF and Nudo delegations, the Brave Gladiators after their 2025 COSAFA Women's Championship victory, and Namibia International Energy Conference founder Selma Shimutwikeni.
President Netumbo Nandi-Ndaitwah has urged the private sector to take a stronger role in developing Namibia's energy industry, saying energy is essential to tackling unemployment and boosting economic growth. She noted that the government views the private sector as a critical partner in developing oil, gas and renewable energy sectors.
Chevron has renewed its diamond sponsorship of the Namibia International Energy Conference (scheduled for April 2026) as the country prepares for first oil following major offshore discoveries in the Orange Basin. The conference aims to bring together government, energy companies, and investors to discuss Namibia's emerging oil and gas sector, which analysts project could contribute up to 18% of GDP at peak production.