Rédaction Africa Links 24 with Donald Matthys
Published on 2024-04-18 17:00:00
Mines and energy minister Tom Alweendo emphasized the importance of local involvement in shaping the new oil regulating policy that will guide the industry. Speaking at the Namibian Local Content Conference in Lüderitz, Alweendo encouraged local businesses to actively participate in the emerging oil and gas sector to maximize financial benefits. He expressed concerns about how Namibia’s oil laws are being influenced by controversial figures and invited local companies to provide suggestions on improving the draft local content policy.
The conference aims to establish a foundation for Namibia’s local content, which involves the contribution of local businesses, workforce, and resources to the development and operation of oil and gas projects. Alweendo stressed the significance of getting it right from the beginning to ensure success in the industry. Petroleum commissioner Maggy Shino also highlighted the importance of local content development in realizing the full potential of the country’s petroleum sector.
Shino explained that creating opportunities for local businesses to participate in the petroleum value chain is essential for ensuring that the benefits are experienced by all Namibians. The ministry’s petroleum directorate is working towards empowering Namibian companies through capacity-building initiatives and skills development programs. Jorge de Morais from Angolan company Kaeso Energy Services suggested that Namibia should focus on providing exclusive benefits to its local population to fully leverage local content policies.
Morais shared insights from Angola’s experience in oil production, emphasizing the need for correct implementation of measures to achieve optimal local content benefits. He identified barriers such as the lack of knowledge, skilled workforce, infrastructure, and trust as hindrances to successful local content implementation. Anthony Paul, a local content expert from Trinidad and Tobago, recommended establishing a clear regulatory framework and promoting the development of local capacity in specific sectors.
Namibia Chamber of Commerce and Industry president Bisey /Uirab highlighted the potential of promoting local content in the energy sector for job creation and economic stimulation. By prioritizing local content development, Namibia can build a more resilient and inclusive economy that benefits all citizens. The conference, spanning three days, aimed to facilitate discussions on enhancing local content in the energy sector.
In conclusion, the call for local involvement and contribution in shaping the oil industry’s policies reflects the government’s commitment to empowering local businesses and communities. By fostering a supportive environment for local companies to thrive and participate in the sector, Namibia can harness the economic benefits of its natural resources. Through collaboration between government, industry partners, and civil society, the energy sector can contribute to the long-term prosperity and well-being of the nation.
Read the original article on The Namibian
