Africa-Press – Namibia. Chevron says it remains optimistic about Namibia’s oil and gas industry and praises the country’s investment environment.
Chevron Namibia country manager Beatrice Bienvenu says Chevron is one of the largest United States investors in Namibia through its exploration programme.
“We are really optimistic about our portfolio and the future of this nascent oil and gas industry in Namibia. And we appreciate the collaborative approach and the transparency from the government,” says Bienvenu.
According to Bienvenu, the company decided to invest in Namibia because of the sustainable fiscal environment, a robust legal framework that supports investment and a durable energy policy and regulations that enable decision-making at pace.
“It’s important that these elements, which are critical for the industry to make significant investment, continue to be strengthened so Namibia continues to stand out and attract investment,” says Bienvenu.
Chevron currently has two offshore blocks, one in the Orange Basin and one in the Walvis Bay Basin.
Bienvenu adds that as part of its corporate social responsibility, the company will be partnering with Palms for Life to address food insecurity in Namibia.
During an agreement with Palms for Life, the company announced that the partnership is for two years to support the emergency food support programme in Namibia that addresses acute food insecurity and malnutrition.
The programme was developed in collaboration with local partners and the Office of the Vice President.
The initiative will provide meals to 3 250 highly vulnerable people including children under five, pregnant and breastfeeding women and marginalised groups. The project is expected to benefit 15 750 people.
Chevron’s support builds on Palms for Life’s established presence in Namibia and leverages existing early childhood development centres, which will expand into community protection centres.
These centres will serve as hubs for food distribution, nutrition education and parenting groups, with the possibility of establishing small-scale community gardens to strengthen long-term resilience.
“Chevron is committed to strengthening the communities where we operate. We believe that our business succeeds when our people and communities succeed,” says Bienvenu.
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