Namibia is rapidly becoming a major player in the global energy market, attracting significant investments in both oil exploration and green hydrogen production.
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 .
Namibia already has a strong mineral export industry, earning revenues from the export of diamonds and rare earths. However, as greater investment is being designated to explore the country’s crude reserves, Namibia’s energy sector could overtake mining as its main economic driver. Charlie Robertson, the head of macro strategy at FIM Partners, explained, “Oil exports per capita out of Namibia will look like a Gulf state in the 2040s, provided they are competitive globally...
Energy Oil Green Hydrogen Renewable Energy Fossil Fuels Economic Growth Totalenergies Shell EU Investment
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