Namibia’s national petroleum company has signed an oil exploration and production agreement with a Qatari government-owned energy firm, according to reports monitored here on Thursday.
National Petroleum Corporation of Namibia (NAMCOR), through its subsidiary NAMCOR Exploration and Production, agreed with QatarEnergy to work together in the exploration and production of oil and gas off the coast of the southern African country.
The agreement provides the framework for cooperation between NAMCOR and QatarEnergy to support and develop a sustainable upstream oil and gas sector in Namibia, including the provision of opportunities for the training and development of NAMCOR employees in industry-based skills.
The two companies also agreed to work together on investment opportunities of mutual interest in Namibia’s oil and gas sector.
The agreement was signed in Doha, Qatar, on Thursday by NAMCOR managing director Immanuel Mulunga and QatarEnergy executive vice president – subsurface development and exploration, Khalid Mohammed Al Hitmi.
Namibia Minister of Mines and Energy Tom Alweendo witnessed the signing ceremony, together with his Qatari counterpart Saad Sherida Al Kaabi, who is also president and chief executive of QatarEnergy.
JN/APA