Namibian University of Science and Technology Public Lecture on Petroleum

Tujoromajo Kasuto Tom Alweendo, Minister of Mines and Energy, said economic activities in the oil and gas sector have a greater economic impact than direct revenue from petroleum extraction activities and licences issued by the National Petroleum Corporation of Namibia (NAMCOR). ‘’To me, local content has a greater economic impact than direct revenue from the oil sector because, if done well, it can generate more value than direct revenue from the oil sector. Consider the engineering services that must be provided to these companies, transportation, catering, and so that must be built, and I believe that is where the value…