Namibia’s oil ministry and representatives of Namcor were not available for comment. International companies have mined diamonds and uranium in Namibia for decades but there is no history of oil production.
How long does it take to start oil production in Namibia?
DAKAR, Sept 1 (Reuters) – Oil discoveries by TotalEnergies and Shell off the coast of Namibia could start production in four years, Namibia Energy Minister Tom Alweendo said at a conference in Dakar on Thursday. Alweendo said Namibia had agreed with the companies that they should start production as fast as possible.
Is there a domestic market for crude oil in Namibia?
There currently isn’t a domestic market for crude oil in Namibia as no refining capacity exists, although that could change in the not too distant future if a proposed refining complex in Walvis Bay moves forward. At any rate, Walvis Bay would be the most likely destination for any commercial product.
Will oil discoveries in Namibia start production in 4 years?
REUTERS/Stephane Mahe/File Photo DAKAR, Sept 1 (Reuters) – Oil discoveries by TotalEnergies and Shell off the coast of Namibia could start production in four years, Namibia Energy Minister Tom Alweendo said at a conference in Dakar on Thursday.