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How Namibia Is A Multi Party System Of Government Essay

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Namibia fiscal regimes Fiscal Analysis

Mabel Nwokolo

2016

1. INTRODUCTION
Namibia is found in the southern region of Africa. Initially ignored by international petroleum companies. However, in recent times has been called as one of the last frontiers of oil and gas exploration.
Namibia is a democratic state that has a multi-party system of government.
The executive, judiciary and legislative powers comprises of Namibia system of government.
The Namibian oil and gas industry is supervised and monitored by the legislative.
Find below the list of Namibia regulatory Law:
Petroleum (Exploration and Production) Act, 1991 (Act 2 of 1991);
• Petroleum Taxation Act, 1991 (Act 3 of 1991);

• Petroleum Laws Amendment Act, 1998 (Act 24 of 1998); and the

• Model Petroleum Agreement (MPA), 2007
Namibia has a total population of 2.3million (from 2015 census record), Land area of about 823290km2, with Gross domestic product (GDP) of 13.11Billion USD (2015) and GDP per Capita of 5693.13USD.

The figure below shows the Map of Namibia, its location in Africa and acreage states.

NAMCOR OVERVIEW
NAMCOR – Established under the Petroleum Act known as Exploration and Production Act of 1991. As an SOE of the ministry of Mines and Energy, they are allowed to participate across the value chain.

NAMCOR duties include:

Vehicle for participation in the petroleum industry on behalf of the GRN

Technical Advisory Services to the Ministry

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