Namibia still far from oil prosperity, experts caution

Contributed by NAMPA.

WINDHOEK, 25 APR (NAMPA) – Experts have urged the authorities to exercise caution regarding the oil discoveries off the coast of Namibia.
The recent discovery of oil in the offshore Orange Basin has sparked much excitement, as there is hope that the emerging industry will bring prosperity to the southern African nation.
Oil majors like Shell and TotalEnergies have made significant oil discoveries, with Portugal’s Galp Energia recently adding an estimated 10 billion barrels to the tally. This bri ...