• 20/07/2024 05:43

OPEC is excited about potential partnership with Namibia and offers its support

The Organization of the Petroleum Exporting Countries (OPEC) is excited about the potential partnership with Namibia and is ready to support the southern African country on its path to oil production. This was stated by OPEC Secretary General Haitham al-Ghais, reports Reuters.

OPEC is excited about the potential partnership with Namibia and offers its support

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The group of oil producers OPEC+, which lost Angola and other players in recent years, is considering Namibia for possible membership, as the country aims to begin oil production in the next decade after a number of major discoveries.

“We are delighted with the discoveries in Namibia. Namibian oil and energy will be important to meet future demand,” Al-Ghais said in a pre-recorded message at an international energy conference in Namibia.

Total Energies and Shell have made discoveries in recent years, which are estimated at 2.6 billion barrels, with Namibia planning to start producing oil from around 2030.

Reuters sources said that OPEC+'s first priority would be for Namibia to join the Charter of Cooperation, a group that has a long-term dialogue about energy markets, but does not make decisions on oil production policy.

minfin.com.ua

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