Namibia crude oil refinery business plan

Namibia’s own oil refinery plan hinges on production levels

  • Namibia crude oil refinery business plan
  • Namibia crude oil refinery business plan
  • Namibia crude oil refinery business plan
  • Namibia crude oil refinery business plan

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SECTOR PROFILE Namibia Investment Promotion

  • What is the plan for the Namibian government & international oil companies?
  • The plan for the Namibian government, the International Oil Companies and our partners is to accelerate development of these discoveries and to see first oil in Namibia. We have commenced appraisal work on the Graff-1 and Venus-1 discoveries and the initial results have been very encouraging.
  • How much oil will Namibia produce by 2035?
  • The trio will take Namibia's production to 381,360 b/d by 2035, higher than OPEC members Republic of Congo and Gabon. Other projects, including Jonker, would boost that number further. The crude discovered offshore Namibia is light oil. The new oil frontier is already drawing investment away from mature West African basins.
  • When will Namibia get its first oil?
  • According to S&P Global forecasts, Namibia will see first oil in 2029 from Venus and 2030 from Graff, while BW Energy's Kudu gas field will come online in 2028. The trio will take Namibia's production to 381,360 b/d by 2035, higher than OPEC members Republic of Congo and Gabon. Other projects, including Jonker, would boost that number further.
  • What is Namibia doing to support oil & gas drilling?
  • Namibia is starting to invest in the infrastructure to support drilling. State-owned Namport is drawing up plans to service both the oil industry as well as planned green hydrogen projects, with over $2.1 billion in upgrades at its ports.

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