Namibia Considers Taking Stakes In Local Mining And Oil Companies ...Middle East

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Namibia Considers Taking Stakes In Local Mining And Oil Companies
source : OILPRICE ( Middle East ) () 33
Namibia, where major offshore oil discoveries have been made in recent months, is weighing the possibility of taking minority stakes in miners and oil producers in the African country to benefit more from its natural resources, Namibia’s Minister of Mines and Energy Tom Alweendo has said. “We are making a case that local ownership must start with the state, which holds ownership of our natural resources,” Alweendo told Namibian lawmakers on Monday, which led to sharp drops in the shares of Australia-listed mining companies operating…

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