Namibia Plans to Become the Fifth Largest Oil Producer in Africa

Namibia has ambitions to become one of the largest oil producers in Africa by 2035, with an average output of half a million barrels daily, displacing Egypt in the top five list, a government official has said. “With four floating production storage and offloading units deployed by 2035, we could be producing more than half a million barrels per day of oil equivalent,” Ebson Uanguta, interim managing director of the National Petroleum Corporation of Namibia, said at an industry event, as quoted by China’s Xinhua. Several significant…