Namibia Poised to Become Africa’s Newest Oil Producer
Namibia’s Minister of Mines and Energy revealed that TotalEnergies and Shell are likely to have discovered offshore oil and gas reserves in commercial quantities, potentially totaling billions of barrels. Both companies previously announced “significant” discoveries offshore Namibia earlier this year and are currently assessing the findings. While specific quantities were not disclosed, a Reuters source suggested that Total’s discovery exceeds 1 billion barrels of oil equivalent. These discoveries could position Namibia as the latest oil
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