Namibia on the Verge of Cancelling Oil and Gas Contract with the US
Published by Infornews | May 28, 2025
Namibia has taken a significant step towards regaining control of its mining sector, starting with a potential contract termination with the United States. The US has long held an agreement with Namibia for the extraction of oil and gas resources within the African nation’s territory.
While the exact duration of the agreement remains undisclosed, US companies have been operating in Namibia for several years. However, latest reports indicate that this partnership may soon come to an end. According to African Hub, Namibia is seriously considering terminating the contract.
Namibia's Move Toward Self-Reliance in Oil and Gas
If the termination is executed, Namibia will be tasked with developing alternative strategies to manage and mine its oil and gas resources. This could involve either investing in local capacity or partnering with other foreign companies that align better with national interests.
There are also growing reports that the government is exploring the creation of a state-owned mining enterprise that could oversee national oil and gas operations in the post-US contract era.
Regional Implications and Presidential Support
This decision resonates with broader sentiments across Africa, where leaders are calling for greater ownership and control over natural resources. As the Namibian president recently stated:
“We cannot continue to export our resources as a continent.” – Namibian President
This message was directed to fellow African leaders, urging a shift in economic strategies to benefit the continent more directly.
Uncertainty Around the Official Announcement
As of now, the Namibian government has not yet released an official statement regarding the specifics of the US contract or its impending cancellation. This leaves room for speculation about the exact timeline and outcome of the reported decision.
Until the government provides clarity, it remains uncertain whether the contract termination will proceed, or whether alternative negotiations are underway behind closed doors.
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We cannot continue to export our resources as a continent – Namibian President tells African leaders
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