• Contact Us
  • About Us
  • Advertisement
  • Privacy & Policy
Friday, July 11, 2025
SUBSCRIBE
The Brief | Namibia's Leading Business & Financial News
26 °c
Windhoek
22 ° Wed
25 ° Thu
  • Home
  • Companies
    • Finance
    • Agriculture
    • Technology
    • Property
    • Trade
    • Tourism
  • Business & Economy
  • Mining & Energy
  • Opinions
    • Analysis
    • Columnists
  • Africa
  • e-edition
No Result
View All Result
The Brief | Namibia's Leading Business & Financial News
  • Home
  • Companies
    • Finance
    • Agriculture
    • Technology
    • Property
    • Trade
    • Tourism
  • Business & Economy
  • Mining & Energy
  • Opinions
    • Analysis
    • Columnists
  • Africa
  • e-edition
No Result
View All Result
The Brief | Namibia's Leading Business & Financial News
Subscribe
No Result
View All Result
TB image banner 750x140
Home Business & Economy

Qatar to assist Namibia in Petroleum Strategy Development

by editor
October 10, 2022
in Business & Economy
47
A A
57
SHARES
956
VIEWS
Share on FacebookShare on TwitterShare on LinkedIn

You might also like

Women now lead over 70% of Namibian SMEs

Namibia seeks stronger U.S. partnerships at Africa Business Summit

April inflation rises to 3.6%, driven by food and housing costs

Namibia has expressed interest to learn from Qatar, one of the richest oil and gas producing countries in the world, in the development of a National Petroleum Development Strategy.

“Namibia aims to acquire assistance from Qatar to ensure the development of a National Petroleum Development Strategy. You would rather want to already have the necessary legal framework, laws, policies and guidelines and we need to have all that in place. Even before production starts and this strategy will tell us really who will be the role players, to what extent Namibia needs to be active and will also speak to timelines,” said Ministry of Mines Spokesperson Andreas Simon.

“The country also aims to have the best policies to ensure the effective management of capital that will be acquired from oil and gas exploration and production. It will also guide us when revenues start coming, how much money or how will these monies be managed for example. Furthermore, Qatar will also assist in areas of environmental management.”

This follows a brief courtesy visit by H.E Eng. Saad Bin Sherida Al Kaabi, Minister of State for Energy Affairs in the State of Qatar, to his counterpart Tom Alweendo, Minister of Mines and Energy.

Simon noted that the meeting discussed matters pertaining to the importance of skills development in the Namibia oil and gas sector, shareholding, timelines and activities before possible production.

“H.E Eng. Saad Bin Sherida Al Kaabi, also alluded to the importance of fast and effective government processes and systems. He further touched on the importance of EPC contracts which would require close management when realising exploration and ultimately production,” explained Simon.

The latest development comes after NAMCOR Exploration and Production entered into an agreement with Qatar on oil and gas giant QatarEnergy on the heels of two recent oil discoveries in the country where both companies hold interests.

NAMCOR E&P is a subsidiary of the National Petroleum Corporation of Namibia (NAMCOR).

The two companies agreed in March this year in Doha to partner on investment opportunities of mutual interest in Namibia’s upstream oil and gas sector.

The agreement also provides the framework for cooperation between the two companies to support and develop a sustainable upstream oil and gas sector in Namibia. It also includes the provision of opportunities for the training and development of NAMCOR employees in industry-based skills.

NAMCOR Managing Director Immanuel Mulunga and Khalid Mohammed Al-Hitmi, the Executive Vice President – Subsurface Development & Exploration of QatarEnergy signed the agreement on behalf of their respective companies.

Alweendo and  Al-Kaabi, the Minister of State for Energy Affairs, the President & CEO of QatarEnergy witnessed the signing of the agreement.

Both companies are partners in recent oil discoveries made in Namibia’s waters, first by Shell and later by TotalEnergies.

H.E Eng. Saad Bin Sherida Al Kaabi also paid a courtesy call on President Hage Geingob.

author avatar
editor
See Full Bio
Tags: CompaniesLatest
Share23Tweet14Share4
Previous Post

Medipark, Dr Iithete mediation commences in High Court

Next Post

NABAN shortlists 4 start-ups for possible investment

Recommended For You

Women now lead over 70% of Namibian SMEs

by reporter
July 8, 2025
0
Women now lead over 70% of Namibian SMEs

More than 70% of Namibia’s small and medium enterprises (SMEs) are led by women, according to First National Bank (FNB) Namibia, highlighting a shift towards more inclusive entrepreneurship...

Read moreDetails

Namibia seeks stronger U.S. partnerships at Africa Business Summit

by reporter
June 23, 2025
0
Namibia seeks stronger U.S. partnerships at Africa Business Summit

Namibia will participate in the 2025 U.S.-Africa Business Summit, with the country’s attendance aimed at deepening economic ties with the United States and promoting investment and trade opportunities....

Read moreDetails

April inflation rises to 3.6%, driven by food and housing costs

by reporter
May 13, 2025
0
April inflation rises to 3.6%, driven by food and housing costs

Namibia’s annual inflation rate rose to 3.6% in April 2025, primarily fuelled by increases in food and housing-related costs, the Namibia Statistics Agency (NSA) has reported. According to...

Read moreDetails

NamRA uncovers N$666,000 tax refund fraud scheme

by editor
May 5, 2025
0
NamRA uncovers N$666,000 tax refund fraud scheme

The Namibia Revenue Agency (NamRA) has uncovered a fraudulent scheme that resulted in the illegal payout of tax refunds totaling more than N$666,000 between January and April 2025,...

Read moreDetails

141,000 non-compliant businesses face deregistration by BIPA

by editor
May 2, 2025
0
141,000 non-compliant businesses face deregistration by BIPA

More than 141,000 businesses in Namibia are at risk of being deregistered after the Business and Intellectual Property Authority (BIPA) began a phased process to remove entities that...

Read moreDetails
Next Post
NABAN shortlists 4 start-ups for possible investment

NABAN shortlists 4 start-ups for possible investment

Related News

Agoa comeback under threat from Africa free trade deal

Agoa comeback under threat from Africa free trade deal

December 13, 2022
Sperrgebiet Diamond Mining deal details emerge

Sperrgebiet Diamond Mining deal details emerge

October 11, 2022
Buildings worth N$96.3 million completed in June

Buildings worth N$96.3 million completed in June

August 15, 2024

Browse by Category

  • Africa
  • Agriculture
  • Analysis
  • Business & Economy
  • Columnists
  • Companies
  • Finance
  • Finance
  • Fisheries
  • Green Hydrogen
  • Health
  • Investing
  • Latest
  • Market
  • Mining & Energy
  • namibia
  • Namibia
  • News
  • Opinions
  • Property
  • Retail
  • Technology
  • Tourism
  • Trade
The Brief | Namibia's Leading Business & Financial News

The Brief is Namibia's leading daily business, finance and economic news publication.

CATEGORIES

  • Business & Economy
  • Companies
    • Agriculture
    • Finance
    • Fisheries
    • Health
    • Property
    • Retail
    • Technology
    • Tourism
    • Trade
  • Finance
  • Green Hydrogen
  • Investing
  • Latest
  • Market
  • Mining & Energy
  • namibia
  • News
    • Africa
    • Namibia
  • Opinions
    • Analysis
    • Columnists

CONTACT US

Cell: +264814612969

Email: newsdesk@thebrief.com.na

© 2025 The Brief | All Rights Reserved. Namibian Business News, Current Affairs, Analysis and Commentary

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Home
  • Companies
  • Mining & Energy
  • Business & Economy
  • Opinions
    • Analysis
    • Columnists
  • Africa

© 2025 The Brief | All Rights Reserved. Namibian Business News, Current Affairs, Analysis and Commentary

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.