Mandate
The Petroleum Training and Education Fund (PETROFUND) is a statutory body of the Government of the Republic of Namibia, established in 1993 to enhance capacity within the country’s upstream petroleum sector. PETROFUND builds capacity through training, institutional development, scholarships and the promotion of science, engineering and technology. The establishment of PETROFUND aligns with the Petroleum (Exploration and Production) Act of 1991. Additionally, PETROFUND is funded by oil exploration companies granted exploration rights in Namibia through agreements with the Namibian Ministry of Industries, Mines and Energy.
