Aug 23

Namibia needs regulatory reforms for oil and gas sector

Energy lawyer Shakwa Nyambe says Namibia needs regulatory reforms to establish much-needed transparency and accountability in its emerging oil and gas sector. He suggested that the government should draw lessons from proficient energy resource management in other countries like Norway, Tanzania, and Canada. Meanwhile, National Petroleum Corporation of Namibia Acting Managing Director Shiwana Ndeunyema has revealed that the country’s recent oil discoveries could hold a staggering 11 billion barrels of reserves.