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Home News Namibia

Alweendo to headline 2024 edition of Namibia Oil and Gas Conference

by editor
July 23, 2024
in Namibia
212
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Mines and Energy Minister Tom Alweendo will headline the 2024 edition of the Namibia Oil and Gas Conference, slated for August 20 to 22 in Windhoek.

Alweendo will be among over 70 renowned strategic speakers that have confirmed to be part of the second edition of the oil and gas conference.

Alweendo will join industry captains, including National Petroleum Corporation of Namibia acting Managing Director Ebson Uanguta, Chief Executive Officer, Economic Association of Namibia, Cons Karamata, Maggy Shino, Petroleum Commissioner, Ministry of Mines and Energy, Republic of Namibia.

Other speakers also include Elizabeth Rogo, Founder and Chief Executive Officer, Tsavo Oilfield Service, and Eduardo Rodriguez, Country Chair, Shell Namibia.

The conference will be hosted by the Economic Association of Namibia, in partnership with the Namibia Investment Promotion and Development Board, the Hanns Seidel Foundation Namibia, the National Petroleum Corporation of Namibia, and has the official endorsement of the Ministry of Mines and Energy Namibia.

Namibia has in recent years earned itself a spot in the energy sector following the discovery of oil offshore Namibia’s Orange Basin believed to contain billions of hydrocarbons.

Oil is expected to become a game-changer for the Namibian economy, with NAMCOR forecasting that the country’s newly discovered oil reserves could grow the country’s gross domestic product (GDP) from the current US$12.3 billion to US$37 billion at peak production levels.

According to government estimates, Shell and TotalEnergies’ discoveries have the potential to generate annual taxes and royalties ranging from N$60 billion to N$95 billion, with the ability to create 3,600 jobs at the peak of production.

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