12
May
Niël Terblanché The development of a sturdy National Upstream Petroleum Local Content Policy and eventual implementation thereof will enable Namibians from all walks of life to participate in the country’s exciting hydrocarbon future. Local Content Policies (LCP) have become a key priority of host governments and industry players alike. Increasingly more resource-rich developing countries are enacting local content legislation as a means of maximising the benefits to be gained from petroleum and other industries. Given this reality, the Namibian Government have equally decided to adopt this instrument with the objective to increase local participation in the value chain of goods…