Namibia plans $2.1 billion port expansion for offshore oil d

Namibia plans $2.1 billion port expansion for offshore oil developments

TotalEnergies SE and Shell Plc are appraising recent oil finds that could hold an estimated 7 Bboe, according to consultant Wood Mackenzie. Activity offshore the country has accounted for 13% of rigs working in African waters, bolstering its status as an exploration hot spot.

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