Oil Majors Flock to Namibia as Exploration Reveals Massive Crude Reserves

Namibia is attracting investment left, right and centre thanks to some promising oil discoveries in recent years, accelerating the growth of its burgeoning fossil fuels sector. In addition to plans for oil and gas exploration, Namibia has also attracted millions in funding from the EU to develop its renewable energy industry, particularly green hydrogen. The rapid rise in investments in Namibia’s energy sector could propel the southwest African country to become a major fossil fuel and renewable energy hub, although, contrary to the hopes…