Will Namibia Become OPEC’s Newest Member? ...Middle East

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Will Namibia Become OPEC’s Newest Member?
source : OILPRICE ( Middle East ) () 96
Namibia wants to join OPEC as it prepares to reap the benefits of its crude oil resources, with daily production capacity seen at an impressive 700,000 bpd in 2030—the first year of production per current plans. OPEC, it seems, will be only too happy to welcome it in the fold. OPEC has created "great value" in "ensuring that the dynamics of the market are controlled and managed in a sustainable manner," Namibia's Petroleum Commissioner Maggy Shino said at a recent online event, suggesting the southwest African nation would be happy…

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