cooking oil refinery crude oil refinery plant in namibia

   
cooking oil refinery crude oil refinery plant in namibia
                                               
                                               
                                               
                                               
  • cooking oil refinery crude oil refinery plant in namibia
Why are oil companies flocking to Namibia?

Our Standards: The Thomson Reuters Trust Principles. Oil companies are flocking to Namibia, excited by the country's plans to open up a major new frontier basin with recent offshore finds ranking among the largest this century.

What is the plan for the Namibian government & international oil companies?

The plan for the Namibian government, the International Oil Companies and our partners is to accelerate development of these discoveries and to see first oil in Namibia. We have commenced appraisal work on the Graff-1 and Venus-1 discoveries and the initial results have been very encouraging.

Who owns the oil in Namibia?

Total owns a 40% working interest, while QatarEnergy, Impact Oil and Gas and Namcor have stakes of 30%, 20% and 10%, respectively. Block 2913B, located in the Orange Basin, contains the Venus 1-X well, where by the end of 2025, TotalEnergies aims to approve its first oil development in Namibia.

Can Namibia become a top 15 oil-producing country by 2035?

¡°If proven together with the Graff, Yonker, and Kudu discoveries, has the potential to position Namibia in the top 15 oil-producing countries by 2035, which has the potential for an upward transformation of the Namibian economy.¡±