ADVERTISEMENT
The Moment Nigeria
  • Home
  • News
  • Business
  • Entertainment
  • Interviews
  • Life and Styles
  • Sport
No Result
View All Result
  • Home
  • News
  • Business
  • Entertainment
  • Interviews
  • Life and Styles
  • Sport
No Result
View All Result
The Moment Nigeria
No Result
View All Result
  • Home
  • News
  • Business
  • Entertainment
  • Interviews
  • Life and Styles
  • Sport

Namibia urges global oil firm to open supply chain locally

by Honesty Victor
April 21, 2026
Reading Time: 1 min read
5 functional Oil refineries in Africa in 2026

Oil refinery

Share on FacebookShare on TwitterShare on WhatsappShare on LinkedIn

Namibia has urged international oil operators and service firms to open supply chains to local businesses, aim at boosting domestic participation in its growing oil sector.

Minister of Industries, Mines, and Energy Modestus Amutse Said this at the inaugural National Upstream Oil and Gas Local Suppliers’ Workshop in Windhoek on Tuesday.

Amutse urged industry players to support Namibian firms by sharing procurement processes, offering mentorship, and providing exposure to industry standards.

RELATED STORIES

Beyond Digital: Why Nigerian Banks and Corporates still bet big on print media advertisements 

Beyond Digital: Why Nigerian Banks and Corporates still bet big on print media advertisements 

April 21, 2026
Ethiopia bans petrol cars and targets 500,000 EVs by 2030

Ethiopia bans petrol cars and targets 500,000 EVs by 2030

April 21, 2026

He said greater transparency and collaboration would enable local companies, particularly micro, small, and medium enterprises, to better position themselves for opportunities in the upstream petroleum sector.

The workshop, organised by Petroleum Training and Education Fund and its partners, aim to strengthen local capacity through training, improved access to finance, and a clearer understanding of tendering requirements and compliance standards.

He stated that Namibia is seeking to integrate domestic enterprises into the oil and gas value chain early, as offshore oil and gas projects advanced through different stages of exploration, appraisal, and development preparation.

Amutse emphasised that building local capacity ahead of first oil is critical to ensuring the sector contributes to inclusive growth, job creation, and long-term industrial development.

He also encouraged financial institutions to expand support for local firms, noting that access to capital remains a key barrier to participation in the capital-intensive industry.

Namibia has emerged as a major offshore exploration hotspot in recent years following significant oil discoveries in the Orange Basin.

As international companies step up appraisal and drilling activities, the Namibian government is seeking to ensure that local businesses and workers are better prepared to participate in the sector before first oil later this decade.

The two-day workshop brought together government officials, industry players, and entrepreneurs to enhance readiness for participation in Namibia’s fast-growing oil and gas sector.

Next Post
Ethiopia bans petrol cars and targets 500,000 EVs by 2030

Ethiopia bans petrol cars and targets 500,000 EVs by 2030

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

STANBIC IBTC ADVERT

About Us

Themomentng.com is an online community of reporters and social advocates dedicated to bringing you features, news reports by Africans, but from a global perspective.

Contact Us

+447771081433
+2348051966180(WhatsApp/SMS Only)
Email: themomentng@gmail.com

Categories

  • Business
  • Education
  • Entertainment
  • Events
  • Featured
  • Food
  • Foreign
  • Health
  • Interviews
  • Life and Styles
  • Metro
  • Motoring
  • News
  • Opinion
  • Politics
  • Religion
  • Society
  • Sport
  • Technology
  • Top Story

Follow Us

Facebook Twitter Instagram

Copyright © Themomentng.com. All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Business
  • Entertainment
  • Interviews
  • Life and Styles
  • Sport