Namibia delays inking of oil stabilisation agreements

Not so fast
A tax stabilisation clause is aimed at rendering an agreement and the underlying project's tax terms immune from any subsequent adverse act of the government
  • 5 Hours Ago - 2025-02-06 00:00:00
Namibia is yet to agree to oil stabilisation agreements with several oil and gas companies currently drilling for prospects owing to the lack of information on potential discoverie
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Namibian Sun 2025-02-06

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Katima Mulilo: 19° | 32° Rundu: 19° | 33° Eenhana: 20° | 33° Oshakati: 22° | 32° Ruacana: 20° | 27° Tsumeb: 19° | 32° Otjiwarongo: 17° | 29° Omaruru: 19° | 31° Windhoek: 19° | 29° Gobabis: 20° | 33° Henties Bay: 18° | 22° Wind speed: 22km/h, Wind direction: SW, Low tide: 03:05, High tide: 09:49, Low Tide: 16:30, High tide: 22:55 Swakopmund: 17° | 19° Wind speed: 26km/h, Wind direction: SW, Low tide: 03:03, High tide: 09:47, Low Tide: 16:28, High tide: 22:53 Walvis Bay: 18° | 23° Wind speed: 28km/h, Wind direction: SW, Low tide: 03:03, High tide: 09:46, Low Tide: 16:28, High tide: 22:52 Rehoboth: 19° | 31° Mariental: 22° | 35° Keetmanshoop: 21° | 32° Aranos: 22° | 35° Lüderitz: 17° | 28° Ariamsvlei: 23° | 34° Oranjemund: 15° | 26° Luanda: 25° | 28° Gaborone: 20° | 33° Lubumbashi: 17° | 22° Mbabane: 18° | 25° Maseru: 16° | 26° Antananarivo: 17° | 26° Lilongwe: 18° | 27° Maputo: 23° | 32° Windhoek: 19° | 29° Cape Town: 18° | 31° Durban: 22° | 24° Johannesburg: 16° | 26° Dar es Salaam: 26° | 31° Lusaka: 17° | 27° Harare: 17° | 29° Currency: GBP to NAD 23.14 | EUR to NAD 19.28 | CNY to NAD 2.55 | USD to NAD 18.56 | DZD to NAD 0.14 | AOA to NAD 0.02 | BWP to NAD 1.29 | EGP to NAD 0.36 | KES to NAD 0.14 | NGN to NAD 0.01 | ZMW to NAD 0.65 | ZWL to NAD 0.04 | BRL to NAD 3.19 | RUB to NAD 0.19 | INR to NAD 0.21 | USD to DZD 134.49 | USD to AOA 912 | USD to BWP 13.9 | USD to EGP 50.27 | USD to KES 129.21 | USD to NGN 1496.41 | USD to ZAR 18.56 | USD to ZMW 28 | USD to ZWL 321 | Stock Exchange: JSE All Share Index 86610.69 Up +0.18% | Namibian Stock Exchange (NSX) Overall Index 1755.71 Down -0.35% | Casablanca Stock Exchange (CSE) MASI 16217.65 Down -0.18% | Egyptian Exchange (EGX) 30 Index 29735.59 Up +0.23% | Botswana Stock Exchange (BSE) DCI 10075.28 Same 0 | NSX: MTC 7.75 SAME | Anirep 8.99 SAME | Capricorn Investment group 17.34 SAME | FirstRand Namibia Ltd 49 DOWN 0.50% | Letshego Holdings (Namibia) Ltd 4.1 UP 2.50% | Namibia Asset Management Ltd 0.7 SAME | Namibia Breweries Ltd 31.49 UP 0.03% | Nictus Holdings - Nam 2.22 SAME | Oryx Properties Ltd 12.1 UP 1.70% | Paratus Namibia Holdings 11.99 SAME | SBN Holdings 8.45 SAME | Trustco Group Holdings Ltd 0.48 SAME | B2Gold Corporation 47.34 DOWN 1.50% | Local Index closed 677.62 UP 0.12% | Overall Index closed 1534.6 DOWN 0.05% | Osino Resources Corp 19.47 DOWN 2.41% | Commodities: Gold US$ 2 870.51/OZ UP +1.02% | Copper US$ 4.47/lb UP +2.96% | Zinc US$ 2 820.80/T UP 0.74% | Brent Crude Oil US$ 75.36/BBP DOWN -0.0172 | Platinum US$ 1 010.24/OZ UP +0.93% Sport results: Weather: Katima Mulilo: 19° | 32° Rundu: 19° | 33° Eenhana: 20° | 33° Oshakati: 22° | 32° Ruacana: 20° | 27° Tsumeb: 19° | 32° Otjiwarongo: 17° | 29° Omaruru: 19° | 31° Windhoek: 19° | 29° Gobabis: 20° | 33° Henties Bay: 18° | 22° Wind speed: 22km/h, Wind direction: SW, Low tide: 03:05, High tide: 09:49, Low Tide: 16:30, High tide: 22:55 Swakopmund: 17° | 19° Wind speed: 26km/h, Wind direction: SW, Low tide: 03:03, High tide: 09:47, Low Tide: 16:28, High tide: 22:53 Walvis Bay: 18° | 23° Wind speed: 28km/h, Wind direction: SW, Low tide: 03:03, High tide: 09:46, Low Tide: 16:28, High tide: 22:52 Rehoboth: 19° | 31° Mariental: 22° | 35° Keetmanshoop: 21° | 32° Aranos: 22° | 35° Lüderitz: 17° | 28° Ariamsvlei: 23° | 34° Oranjemund: 15° | 26° Luanda: 25° | 28° Gaborone: 20° | 33° Lubumbashi: 17° | 22° Mbabane: 18° | 25° Maseru: 16° | 26° Antananarivo: 17° | 26° Lilongwe: 18° | 27° Maputo: 23° | 32° Windhoek: 19° | 29° Cape Town: 18° | 31° Durban: 22° | 24° Johannesburg: 16° | 26° Dar es Salaam: 26° | 31° Lusaka: 17° | 27° Harare: 17° | 29° Economic Indicators: Currency: GBP to NAD 23.14 | EUR to NAD 19.28 | CNY to NAD 2.55 | USD to NAD 18.56 | DZD to NAD 0.14 | AOA to NAD 0.02 | BWP to NAD 1.29 | EGP to NAD 0.36 | KES to NAD 0.14 | NGN to NAD 0.01 | ZMW to NAD 0.65 | ZWL to NAD 0.04 | BRL to NAD 3.19 | RUB to NAD 0.19 | INR to NAD 0.21 | USD to DZD 134.49 | USD to AOA 912 | USD to BWP 13.9 | USD to EGP 50.27 | USD to KES 129.21 | USD to NGN 1496.41 | USD to ZAR 18.56 | USD to ZMW 28 | USD to ZWL 321 | Stock Exchange: JSE All Share Index 86610.69 Up +0.18% | Namibian Stock Exchange (NSX) Overall Index 1755.71 Down -0.35% | Casablanca Stock Exchange (CSE) MASI 16217.65 Down -0.18% | Egyptian Exchange (EGX) 30 Index 29735.59 Up +0.23% | Botswana Stock Exchange (BSE) DCI 10075.28 Same 0 | NSX: MTC 7.75 SAME | Anirep 8.99 SAME | Capricorn Investment group 17.34 SAME | FirstRand Namibia Ltd 49 DOWN 0.50% | Letshego Holdings (Namibia) Ltd 4.1 UP 2.50% | Namibia Asset Management Ltd 0.7 SAME | Namibia Breweries Ltd 31.49 UP 0.03% | Nictus Holdings - Nam 2.22 SAME | Oryx Properties Ltd 12.1 UP 1.70% | Paratus Namibia Holdings 11.99 SAME | SBN Holdings 8.45 SAME | Trustco Group Holdings Ltd 0.48 SAME | B2Gold Corporation 47.34 DOWN 1.50% | Local Index closed 677.62 UP 0.12% | Overall Index closed 1534.6 DOWN 0.05% | Osino Resources Corp 19.47 DOWN 2.41% | Commodities: Gold US$ 2 870.51/OZ UP +1.02% | Copper US$ 4.47/lb UP +2.96% | Zinc US$ 2 820.80/T UP 0.74% | Brent Crude Oil US$ 75.36/BBP DOWN -0.0172 | Platinum US$ 1 010.24/OZ UP +0.93%


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