Namibia International Energy Conference (NIEC) 2023 Panel Calls for Sustained, Diversified Investment Across Namibia’s Energy Value Chain

Namibia International Energy Conference (NIEC) 2023 Panel Calls for Sustained, Diversified Investment Across Namibia’s Energy Value Chain

The second day of the Namibia International Energy Conference (NIEC) (https://www.NIEConference.com/) 2023 featured a panel discussion exploring the investment landscape in Namibia, with a slate of high-level energy players sharing their insights into how the emerging oil producer can foster long-term and diversified growth.

Moderated by Oliver Dickson, Business Reporter for South Africa’s national public radio station, SAfm, the panel featured Shiwana Ndeunyema, Acting Managing Director (MD), National Petroleum Corporation of Namibia (NAMCOR); Baronice Hans, MD, Bank Windhoek; Kauna Ndilula, Advisory Board Member, Namibia Investment Promotion and Development Board; Dr. Klaus Endresen, Chairman, Namibia Petroleum Operators Association; and Osvaldo Inácio, Executive Director of Sonangol and Chairman of SONILS.

Following a wave of commercial hydrocarbon discoveries made in 2022 and 2023, Namibia continues to make great strides towards harnessing its oil and gas resources. As such, the southern African country has become one of the most attractive investment destinations in the region due to favorable regulatory reforms, which have cemented ties with leading international oil companies including TotalEnergies, ExxonMobil, ReconAfrica and QatarEnergy.

“We’ve got a flourishing exploration and appraisal industry, however, the development and production industry is still new to us,” stated Shiwana Ndeunyema, Acting MD for NAMCOR, adding, “We need to be able