general
Oil fees surge to N$37.9m
Revenue from oil exploration rental fees surged to N$37.93 million, almost four times the budgeted N$10 million, as licence holders renewed or extended contracts amid increased exploration activity, according to the Auditor-General’s audit of the ministry of industries, mines and energy.
Windhoek ObserverBy Chamwe Kaira9 Oct 2026, 03:17 am
Revenue from oil exploration rental fees surged to N$37.93 million, almost four times the budgeted N$10 million, as licence holders renewed or extended contracts amid increased exploration activity, according to the Auditor-General’s audit of the ministry of industries, mines and energy.
Originally published by Windhoek Observer on 9 Oct 2026, 03:17 am. View original article