Namibia’s Draft Oil Policy Lacks Compliance Penalties

The draft oil and gas local content policy that aims to regulate the petroleum industry has been criticised for lacking clear penalties when foreign companies do not comply and can easily be used for corruption.

The Petroleum Upstream Unit in the Presidency started consultations on the draft National Upstream Local Content Policy for the upstream (exploration and production) oil and gas sector at Lüderitz on 1 September before it is extended to other regions.

Namibian Association for Offshore Oil…