Namibia Considers Incentives to Help Launch its Oil Industry ...Middle East

Namibia, one of the latest exploration hotspots in the world, is weighing potential further incentives and financing options to offer to international majors preparing plans for oil production offshore the African country. Oil and gas supermajors, including Shell, TotalEnergies, and Portugal-based energy firm Galp, have already made large discoveries offshore Namibia. However, without infrastructure in place, costs are higher for production development plans. That’s why, Namibia, hoping to become the next Guyana, wants to help the…

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