28
Jul
Justicia Shipena In the next five years, the government plans to increase carried participation from 10% to 15%. This goal is outlined in the recently launched sixth National Development Plan (NDP6), which sets 2030 as the deadline. The goal is to empower citizens and local corporations to actively participate in the petroleum sector. The plan also includes goals to produce 150 million barrels of oil equivalent, increase gas production to 130 million standard cubic feet per day, and create 22,800 jobs by 2030. Recent reports show that Namibia collected N$5.96 billion ($309 million) in royalties from mining activities over the…
