Namibia Bets On Recent Major Oil Discoveries To Double Its Economy ...Middle East

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Following several offshore oil discoveries in recent months, Namibia hopes that the major oil finds could help it double its economy in the next two decades, the head of the National Petroleum Corporation of Namibia (NAMCOR) told Bloomberg on Tuesday. Since the beginning of the year, oil majors Shell and TotalEnergies have announced discoveries offshore the African country. “More than 30 years of exploration and we finally we hit the jackpot,” Jennifer Comalie, NAMCOR’s chairperson, told Bloomberg in an interview. “At peak,…

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