Namibia ends its oil and gas contract with America, taking full control for the benefit of its citizens, with reduced fuel prices.
As of April 2025, Namibia has taken significant steps to assert control over its oil and gas resources. The government has centralized the management of these sectors under the Office of the President, aiming to maximize benefits for Namibians through job creation, training programs, and business opportunities.
This move follows a series of fuel price reductions, with petrol prices decreasing by N$1 per litre in October 2024, bringing the cost to N$20.25 per litre in Walvis Bay citeturn0search1. These adjustments are part of Namibia's broader strategy to ensure energy security and economic stability for its citizens.
While there have been discussions about the involvement of international companies in Namibia's oil and gas sectors, the government's recent actions reflect a commitment to local control and the welfare of its people.
For more detailed information on Namibia's energy policies and recent developments, you can refer to the Ministry of Mines and Energy's official releases and reputable news sources.
COMMENTS