Namibia gets ready to become new oil hotspot

Oil discoveries stacking up
Namibia's rapidly rising oil potential is starting to draw serious international interest and potentially multibillion-dollar deals.
Paul Burkhardt
  • 3 Month Ago - 2024-07-23 00:00:00
Off a busy pier in Namibia’s main port of Walvis Bay, the seeds of an economic boom are being planted.As workers heave fish from boats, or unload cargoes of sulphur and Congolese ...

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Namibian Sun 2024-11-08

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Katima Mulilo: 24° | 36° Rundu: 19° | 33° Eenhana: 21° | 28° Oshakati: 21° | 27° Ruacana: 21° | 32° Tsumeb: 19° | 23° Otjiwarongo: 18° | 28° Omaruru: 19° | 31° Windhoek: 18° | 28° Gobabis: 19° | 30° Henties Bay: 16° | 22° Wind speed: 21km/h, Wind direction: SW, Low tide: 13:56, High tide: 07:46, Low Tide: 02:00, High tide: 20:14 Swakopmund: 15° | 16° Wind speed: 24km/h, Wind direction: SW, Low tide: 13:54, High tide: 07:44, Low Tide: 02:00, High tide: 20:12 Walvis Bay: 15° | 22° Wind speed: 27km/h, Wind direction: SW, Low tide: 13:54, High tide: 07:43, Low Tide: 02:00, High tide: 20:11 Rehoboth: 18° | 30° Mariental: 21° | 33° Keetmanshoop: 20° | 35° Aranos: 20° | 33° Lüderitz: 14° | 23° Ariamsvlei: 21° | 36° Oranjemund: 14° | 20° Luanda: 25° | 26° Gaborone: 18° | 27° Lubumbashi: 17° | 33° Mbabane: 14° | 32° Maseru: 14° | 23° Antananarivo: 15° | 31° Lilongwe: 20° | 29° Maputo: 19° | 34° Windhoek: 18° | 28° Cape Town: 16° | 22° Durban: 18° | 27° Johannesburg: 17° | 26° Dar es Salaam: 25° | 31° Lusaka: 19° | 34° Harare: 17° | 32° Currency: GBP to NAD 22.45 | EUR to NAD 18.7 | CNY to NAD 2.43 | USD to NAD 17.34 | DZD to NAD 0.13 | AOA to NAD 0.02 | BWP to NAD 1.25 | EGP to NAD 0.34 | KES to NAD 0.13 | NGN to NAD 0.01 | ZMW to NAD 0.63 | ZWL to NAD 0.04 | BRL to NAD 3.04 | RUB to NAD 0.18 | INR to NAD 0.21 | USD to DZD 132.83 | USD to AOA 909.05 | USD to BWP 13.4 | USD to EGP 49.25 | USD to KES 129.2 | USD to NGN 1680.41 | USD to ZAR 17.35 | USD to ZMW 27.07 | USD to ZWL 321 | Stock Exchange: JSE All Share Index Same 0 | Namibian Stock Exchange (NSX) Overall Index 1858.03 Down -1.09% | Casablanca Stock Exchange (CSE) MASI 14296.93 Down -0.02% | Egyptian Exchange (EGX) 30 Index 31045.26 Up +0.82% | Botswana Stock Exchange (BSE) DCI 9878.53 Same 0 | NSX: MTC 7.75 SAME | Anirep 8.99 SAME | Capricorn Investment group 17.34 SAME | FirstRand Namibia Ltd 49 DOWN 0.50% | Letshego Holdings (Namibia) Ltd 4.1 UP 2.50% | Namibia Asset Management Ltd 0.7 SAME | Namibia Breweries Ltd 31.49 UP 0.03% | Nictus Holdings - Nam 2.22 SAME | Oryx Properties Ltd 12.1 UP 1.70% | Paratus Namibia Holdings 11.99 SAME | SBN Holdings 8.45 SAME | Trustco Group Holdings Ltd 0.48 SAME | B2Gold Corporation 47.34 DOWN 1.50% | Local Index closed 677.62 UP 0.12% | Overall Index closed 1534.6 DOWN 0.05% | Osino Resources Corp 19.47 DOWN 2.41% | Commodities: Gold US$ 2 695.32/OZ DOWN -0.0043 | Copper US$ 4.39/lb DOWN -0.0069 | Zinc US$ 3 047.90/T DOWN -0.47% | Brent Crude Oil US$ 75.61/BBP DOWN -0.0042 | Platinum US$ 989.35/OZ DOWN -0.0078 Sport results: Weather: Katima Mulilo: 24° | 36° Rundu: 19° | 33° Eenhana: 21° | 28° Oshakati: 21° | 27° Ruacana: 21° | 32° Tsumeb: 19° | 23° Otjiwarongo: 18° | 28° Omaruru: 19° | 31° Windhoek: 18° | 28° Gobabis: 19° | 30° Henties Bay: 16° | 22° Wind speed: 21km/h, Wind direction: SW, Low tide: 13:56, High tide: 07:46, Low Tide: 02:00, High tide: 20:14 Swakopmund: 15° | 16° Wind speed: 24km/h, Wind direction: SW, Low tide: 13:54, High tide: 07:44, Low Tide: 02:00, High tide: 20:12 Walvis Bay: 15° | 22° Wind speed: 27km/h, Wind direction: SW, Low tide: 13:54, High tide: 07:43, Low Tide: 02:00, High tide: 20:11 Rehoboth: 18° | 30° Mariental: 21° | 33° Keetmanshoop: 20° | 35° Aranos: 20° | 33° Lüderitz: 14° | 23° Ariamsvlei: 21° | 36° Oranjemund: 14° | 20° Luanda: 25° | 26° Gaborone: 18° | 27° Lubumbashi: 17° | 33° Mbabane: 14° | 32° Maseru: 14° | 23° Antananarivo: 15° | 31° Lilongwe: 20° | 29° Maputo: 19° | 34° Windhoek: 18° | 28° Cape Town: 16° | 22° Durban: 18° | 27° Johannesburg: 17° | 26° Dar es Salaam: 25° | 31° Lusaka: 19° | 34° Harare: 17° | 32° Economic Indicators: Currency: GBP to NAD 22.45 | EUR to NAD 18.7 | CNY to NAD 2.43 | USD to NAD 17.34 | DZD to NAD 0.13 | AOA to NAD 0.02 | BWP to NAD 1.25 | EGP to NAD 0.34 | KES to NAD 0.13 | NGN to NAD 0.01 | ZMW to NAD 0.63 | ZWL to NAD 0.04 | BRL to NAD 3.04 | RUB to NAD 0.18 | INR to NAD 0.21 | USD to DZD 132.83 | USD to AOA 909.05 | USD to BWP 13.4 | USD to EGP 49.25 | USD to KES 129.2 | USD to NGN 1680.41 | USD to ZAR 17.35 | USD to ZMW 27.07 | USD to ZWL 321 | Stock Exchange: JSE All Share Index Same 0 | Namibian Stock Exchange (NSX) Overall Index 1858.03 Down -1.09% | Casablanca Stock Exchange (CSE) MASI 14296.93 Down -0.02% | Egyptian Exchange (EGX) 30 Index 31045.26 Up +0.82% | Botswana Stock Exchange (BSE) DCI 9878.53 Same 0 | NSX: MTC 7.75 SAME | Anirep 8.99 SAME | Capricorn Investment group 17.34 SAME | FirstRand Namibia Ltd 49 DOWN 0.50% | Letshego Holdings (Namibia) Ltd 4.1 UP 2.50% | Namibia Asset Management Ltd 0.7 SAME | Namibia Breweries Ltd 31.49 UP 0.03% | Nictus Holdings - Nam 2.22 SAME | Oryx Properties Ltd 12.1 UP 1.70% | Paratus Namibia Holdings 11.99 SAME | SBN Holdings 8.45 SAME | Trustco Group Holdings Ltd 0.48 SAME | B2Gold Corporation 47.34 DOWN 1.50% | Local Index closed 677.62 UP 0.12% | Overall Index closed 1534.6 DOWN 0.05% | Osino Resources Corp 19.47 DOWN 2.41% | Commodities: Gold US$ 2 695.32/OZ DOWN -0.0043 | Copper US$ 4.39/lb DOWN -0.0069 | Zinc US$ 3 047.90/T DOWN -0.47% | Brent Crude Oil US$ 75.61/BBP DOWN -0.0042 | Platinum US$ 989.35/OZ DOWN -0.0078


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