Today NAMPOA met with the Financial Intelligence Centre Namibia for a constructive engagement on strengthening the integrity of Namibia’s oil and gas sector.
The discussion covered:
• The functions of the FIC in safeguarding Namibia’s financial system
• Designation of oil & gas traders as Accountable Institutions under the FIA, and what that means in practice
• Implications of the National Risk Assessment
• An overview of NAMPOA’s mandate & objectives
• The oil and gas operations value chain, from exploration through to production
As Namibia’s energy industry moves from exploration towards development, transparency and compliance are very important. NAMPOA is committed to working alongside stakeholders to ensure the sector grows sustainably and in line with national & international standards.
We look forward to a continued partnership with the FIC.