{"id":67827,"date":"2024-04-30T08:48:38","date_gmt":"2024-04-30T08:48:38","guid":{"rendered":"https:\/\/www.africa-press.net\/namibia\/all-news\/namcor-chevron-deal-sparks-worry"},"modified":"2024-04-30T09:05:35","modified_gmt":"2024-04-30T09:05:35","slug":"namcor-chevron-deal-sparks-worry","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/namibia\/all-news\/namcor-chevron-deal-sparks-worry","title":{"rendered":"NAMCOR CHEVRON DEAL SPARKS WORRY"},"content":{"rendered":"

Africa-Press – Namibia. <\/strong><\/span>Political analyst, Stephanus Pombili has cautioned the Namibian government against doing business with United States-based oil giant, Chevron.<\/p>\n

This comes after Namcor signed a farm-out agreement with Chevron Namibia Exploration Limited (CNEL), a subsidiary of Chevron Global Energy Inc. on Monday.<\/p>\n

\u201cIt is very dangerous to involve our trade with the warmongering USA. Since 2012, the US Navy has been visiting Namibia\u2019s ports. In recent years, the USS Hersel Woody Williams arrived in Namibia in 2021 and returned in 2022. By 2020, the United States injected US$300 million into constructing their embassy,\u201d he said<\/p>\n

He is of the opinion that if Namibia does not choose its trade partners carefully, the recent offshore oil discoveries could become a curse to the nation.<\/p>\n

\u201cI believe Namibia must carefully choose its oil trading partners before it becomes a curse on our land. In 1884, during the Berlin Conference and the scramble for Africa, Leopold II was among those who called for the conference. Now, with Prince Philippe and Sheikh Tamim bin Hamad Al Thani, the Emir of Qatar is here and Namibia\u2019s leaders must be cautious,\u201d he said.<\/p>\n

The agreement between Namcor and Chevron will see CNEL acquire an 80 percent working interest in Petroleum Exploration License 82 (PEL 82), situated in Namibia\u2019s prolific offshore Walvis Basin.<\/p>\n

NAMCOR and Custos Energy will each retain a 10 percent carried interest.<\/p>\n

NAMCOR\u2019s interim managing director, Ebson Uanguta said the collaboration underscores the company\u2019s commitment to enhancing the exploration potential and development of the offshore resources.<\/p>\n

\u201cNAMCOR and its partners look forward to closing this transaction and continuing their partnership with Chevron,\u201d said Uanguta.<\/p>\n

He added that the partnership will further look at exploration activities within the Walvis Basin and support the sustainable development of Namibia\u2019s energy sector.<\/p>\n

He stated that the transaction is subject to applicable regulatory approvals from the Ministry of Mines and Energy.<\/p>\n

Uanguta explained that the collaboration marks a pivotal moment in Namibia\u2019s oil and gas industry and is aligned with NAMCOR\u2019s strategic objectives to facilitate the exploration and sustainable development of the country\u2019s hydrocarbon resources.<\/p>\n

Many took to social media to express their worries about the deal.<\/p>\n

Former liberation fighter, Mihe Gaomab said the agreement is worrisome.<\/p>\n

\u201cThis whole thing is worrisome. It is high time that the Parliament of Namibia intervenes and sets up an Oil, Gas and Energy Council which will have oversight on these sell-out transactions. We must wake up, this country is being cut into pieces,\u201d he said.<\/p>\n

According to him, parliament must cancel all future contracts between the government, Namcor and International Oil Companies.<\/p>\n

\u201cRemove all signing rights from the Minister and Namcor. The Parliament has powers to do so, they are just sleeping!\u201d he said.<\/p>\n

Meanwhile, Namibia Local Business Association (NALOBA) president Erastus Shapumba has called on mines and energy minister, Tom Alweendo to publicly retract his statement that \u2018Namibins should not feel entitled to oil and gas as natural resources but rather urge them to work hard and compete\u2019.<\/p>\n

Shapumba said the statement has exposed and embarrassed all the Namibian people to the foreign investors.<\/p>\n

\u201cThis Statement is not only cursing but threatening, unpatriotic, embarrassing and insulting to the entire Namibian nation. Before anything, every Namibian is entitled to their country\u2019s Natural Resources and the Provisions are made very clear in the Laws of the Republic,\u201d he said.<\/p>\n

NALOBA has given Alwendo seven days to retract his remarks.<\/p>\n

For More News And Analysis About Namibia<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Namibia. Political analyst, Stephanus Pombili has cautioned the Namibian government against doing business with United States-based oil giant, Chevron. This comes after Namcor signed a farm-out agreement with Chevron Namibia Exploration Limited (CNEL), a subsidiary of Chevron Global Energy Inc. on Monday. \u201cIt is very dangerous to involve our trade with the warmongering […]<\/p>\n","protected":false},"author":84,"featured_media":67826,"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-67827","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":"\nNAMCOR CHEVRON DEAL SPARKS WORRY - Namibia<\/title>\n<meta name=\"description\" content=\"Political analyst, Stephanus Pombili has cautioned the Namibian government against doing business with United States-bas ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/namibia\/all-news\/namcor-chevron-deal-sparks-worry\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"NAMCOR CHEVRON DEAL SPARKS WORRY\" \/>\n<meta property=\"og:description\" content=\"Political analyst, Stephanus Pombili has cautioned the Namibian government against doing business with United States-bas ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/namibia\/all-news\/namcor-chevron-deal-sparks-worry\" \/>\n<meta property=\"og:site_name\" content=\"Namibia\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2024-04-30T08:48:38+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-04-30T09:05:35+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/nambia\/sites\/29\/2024\/04\/sm_1714455184.732211.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"707\" \/>\n\t<meta property=\"og:image:height\" content=\"316\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/namcor-chevron-deal-sparks-worry#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/namcor-chevron-deal-sparks-worry\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/namibia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"NAMCOR CHEVRON DEAL SPARKS WORRY\",\"datePublished\":\"2024-04-30T08:48:38+00:00\",\"dateModified\":\"2024-04-30T09:05:35+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/namcor-chevron-deal-sparks-worry\"},\"wordCount\":582,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/namcor-chevron-deal-sparks-worry#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nambia\/sites\/29\/2024\/04\/sm_1714455184.732211.jpg\",\"keywords\":[\"africa press\",\"Africa Press-Namibia\",\"namibia\"],\"articleSection\":[\"all news\",\"economy\",\"head lines\",\"to-homepage\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/namibia\/all-news\/namcor-chevron-deal-sparks-worry#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/namcor-chevron-deal-sparks-worry\",\"url\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/namcor-chevron-deal-sparks-worry\",\"name\":\"NAMCOR CHEVRON DEAL SPARKS WORRY - 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