Minister of mines and energy, Tom Alweendo, addressed allegations of corruption in the awarding of petroleum exploration licences during a recent parliamentary session.
Responding to questions raised by member of parliament, Henny Seibeb, Alweendo acknowledged the importance of fighting corruption but emphasised the need for accurate information.
He highlighted the increased interest in Namibia’s oil and gas sector, necessitating stricter licensing procedures.
Alweendo clarified that while licences were awarded to Eco Oil and Gas (PEL98) and Oranto Petroleum (PEL106), both foreign companies, they each have a joint venture with a Namibian-owned company, Titan Oil and Gas, which holds a minority stake of 5%.
He explained that due to the capital-intensive nature of exploration, joint ventures with foreign companies are encouraged.
Alweendo also detailed the licensing process, emphasising checks and balances. Applications are received by the petroleum commissioner, evaluated by a committee, and recommendations are made to the minister through the executive director.
“Public access to the license register, maintained by the commissioner, ensures transparency,” said Alweendo.
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