{"id":43281,"date":"2023-04-19T18:01:14","date_gmt":"2023-04-19T18:01:14","guid":{"rendered":"https:\/\/www.africa-press.net\/namibia\/all-news\/qatarenergy-agreement-to-enhance-namibias-energy-sector"},"modified":"2023-04-19T19:42:42","modified_gmt":"2023-04-19T19:42:42","slug":"qatarenergy-agreement-to-enhance-namibias-energy-sector","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/namibia\/all-news\/qatarenergy-agreement-to-enhance-namibias-energy-sector","title":{"rendered":"QatarEnergy agreement to enhance Namibia\u2019s energy sector"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Namibia. <\/strong><\/span>Attracting investments remains at the top of Namibia\u2019s economic agenda.<\/p>\n<p>This is after the country recently gained popularity as a global investment hotspot and as one of the globes\u2019 favourable oil and gas exploration destinations due to its world-class infrastructure, renewable resource potential and recent fossil fuel discoveries.<\/p>\n<p>Deputy director of Compliance and Regulation in the mines and energy ministry Carlo McLeod stated that Namibia, via the ministry, entered into an agreement with QatarEnergy.<\/p>\n<p>The objective of the agreement, he said, is based on three areas, including the enhancement of strategic planning on investment opportunities.<\/p>\n<p>QatarEnergy is the state-owned petroleum company of Qatar.<\/p>\n<p>The company operates oil and gas activities in Qatar, including exploration, production, refining, transport and storage.<\/p>\n<p>\u201cNamibia would want to benefit from workforce development in managerial and technical skills, and industry knowledge-sharing on which we want to exchange views on policies, large-scale projects and sustainable opportunities,\u201d said McLeod in response to queries from New Era.<\/p>\n<p>According to a daily newspaper in Doha, the agreement was signed by Saad Sherida Al-Kaabi, Qatar\u2019s minister of State for Energy Affairs, the President and CEO of QatarEnergy, as well as Namibia\u2019s mines and energy minister Tom Alweendo.<\/p>\n<p>The special signing ceremony was held at QatarEnergy\u2019s headquarters in Doha.<\/p>\n<p>The daily newspaper reported that at the signing, Al-Kaabi said QatarEnergy was pleased to further increase its cooperation with Namibia and build on the company\u2019s recent successes in Namibia.<\/p>\n<p>\u201cThis agreement further strengthens our relationship as we work jointly towards a prosperous future,\u201d he said.<\/p>\n<p>At the beginning of last year, QatarEnergy announced a light oil discovery in the Jonker-1X well in the Orange Basin, offshore southern Namibia, adding to two previous oil and associated gas discoveries in the same basin.<\/p>\n<p>\u201cQatarEnergy holds interests in three Exploration Licenses offshore Namibia: PEL-39 (45%), PEL-56 (30%) and PEL-91 (28.33%), covering a total area of over 28 000 km2,\u201d reads the report.<\/p>\n<p>World-class renewable resources<\/p>\n<p>Meanwhile, the Global Electricity Review 2023 stated the wind and solar energy generation reached record highs in 2022, and they are expected to drive falling emissions as soon as 2023.<\/p>\n<p>The report analyses electricity data from 78 countries, representing 93% of global electricity demand and includes estimated changes in the remaining generation.<\/p>\n<p>The report also dives deeper into the top ten carbon dioxide (CO2) emitting countries and regions, accounting for over 80% of global CO2 emissions.<\/p>\n<p>In Africa, the report stated, Namibia was the first country to lead for wind and solar share in Africa with 25%.<\/p>\n<p>Morocco followed Namibia with 17%, and then Kenya with 16%.<\/p>\n<p>Elsewhere on the continent, reliance on solar and wind is mostly far below the global average of 12%.<\/p>\n<p><strong>For More News And Analysis About <a href=\"https:\/\/www.africa-press.net\/namibia\">Namibia<\/a> Follow <a href=\"https:\/\/www.africa-press.net\/\">Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Namibia. Attracting investments remains at the top of Namibia\u2019s economic agenda. This is after the country recently gained popularity as a global investment hotspot and as one of the globes\u2019 favourable oil and gas exploration destinations due to its world-class infrastructure, renewable resource potential and recent fossil fuel discoveries. Deputy director of Compliance [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":43280,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,7,249],"tags":[234,236,233],"class_list":["post-43281","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-head-lines","category-to-homepage","tag-africa-press","tag-africa-press-namibia","tag-namibia"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>QatarEnergy agreement to enhance Namibia\u2019s energy sector - Namibia<\/title>\n<meta name=\"description\" content=\"Attracting investments remains at the top of Namibia\u2019s economic agenda. 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