Duncan Clarke, Africa: Crude Continent, p. 341. A recent report by the Financial Times (2019) suggests that among oil majors, interest in Namibia has risen once again. Indeed, several foreign companies were carrying out seismic studies and drilling in that year.
Could one offshore success transform the oil game for Namibia?
‘Just one decent offshore success could transform the oil game for Namibia and 2.2 million Namibians, many surviving on low incomes’. Duncan Clarke, Africa: Crude Continent, p. 341. A recent report by the Financial Times (2019) suggests that among oil majors, interest in Namibia has risen once again.
Can offshore oil & gas promote growth in Namibia?
A contribution to the newspaper Patriot (2019) puts offshore oil and gas into the larger context of the ocean economy, which Namibia ‘should harness […] to promote growth’.
How important is oil & gas to Namibia’s economy?
The empirical analysis is based on a survey of Namibian newspapers, a database and reports on elite capture related to oil and gas as well as 14 interviews with domestic and foreign companies, consultants and public authorities. It is shown that important economic benefits result from the oil and gas sector.