Petroleum Training and Education Fund (PETROFUND) was formed in 1993 in order to offer training in fields of science and information technology through scholarships and support education institution building.

Who governs the affairs of PETROFUND

PETROFUND is governed by a group of independent board of trustees comprising representatives from the Ministry of Mines and Energy (the Permanent Secretary is the Chairperson of the Trust Fund), National Petroleum Corporation of Namibia (NAMCOR), Ministry of Education and oil exploration companies.

Where does PETROFUND get its funding

The Government of the Republic of Namibia through the Petroleum (Exploration and Productions) Act of 1991 empowered the Minister of Mines and Energy to conclude agreements with individual oil exploration companies who are granted oil exploration rights in Namibia to contribute an agreed amount of money to PETROFUND.


We build capacity for Petroleum Industry.


To have a Petroleum Industry sustained by competent Namibians.

Strategic Map

Mission & Vision   Administration  Strategic Relations

Our Objectives



To provide scholarships for tertiary studies in the fields of engineering, mathematics, science and related technology to pave the way for Namibians to fill important professions where Namibia lacks adequate manpower.



Foster awareness and promote knowledge of natural sciences, mathematics, engineering and technology and other oil and gas related fields over a broad spectrum of the population by exposing them to selected promotional activities in the relevant fields.

Enhance Education

Enhance Education

To enhance education and training in natural science, mathematics, engineering and technology in Namibia by improving the quality of teaching staff in these subjects at secondary schools.