Africa Matters: Namibia's Oil Potential

Portuguese oil company Galp Energia says it has discovered billions of barrels of oil in Namibia's Mopane field. It joins TotalEnergies and Shell, who have all struck black gold in the last two years. This could signal massive economic potential but what will it mean for the nearly three million Namibians?
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[@PeterLawrence_]

The minute you have foreigners exploring oil for you, then you will not have the greater benefit.

[@furtsmagee1513]

It benefited Saudi Arabia greatly. Saudi aramco was a joint venture with standard oil

[@jahmala5336]

Why Africa cannot have their own exploration oil companies, and stop having foreign companies do their exploration for themselves.

[@altentic8616]

Dude, stop being ignorant and study what is happening in British Guiana... a small country in South America with only 800 thousand inhabitants and which in the next 2 and 3 years will have a GDP per capita greater than that of the USA.. This will only happen because this country has opened its oil market to international capital.

[@sulaak]

Oil exploration requires vast capital and technical skills to mitigate the risk. S Arabia Aramco and Norway Equinor, formerly known as Statoil, became partners with Western energy companies and later became significant energy players.

[@listenup2882]

How is he being ignorant? His question is quite reasonable. People with your mentality would have Africans forever fighting for crumbs We know for a fact that frequently the countries possessing the minerals do not benefit greatly from them and also the wealth generated is often not distributed equitably. Your response to his question is quite ignorant and unfortunate..​@@altentic8616

[@listenup2882]

This oil revenue should be used to develop the BLACK indigenous people of Namibia. They should receive free education at all levels, free health care etc.

[@listenup2882]

​@@sulaakNigeria has companies that explore for oil.

[@mahasham4759]

Namibia oil potential is equal to USA war potential. Remember Iraq?

[@bullbutter9699]

Abolish AIPAC

[@ferdieortman6614]

Great stuff 🇳🇦👍

[@elvisejo5885]

Can't u create a regional exploration company? A SADC joint venture

[@samuelzulu9731]

good question

[@farazkhan7035]

may allah bless africa with peace and prosperity

[@sequitor]

really excellent discussion with Mr Mbulle

[@altentic8616]

About 5 years ago, British Guiana in South America opened its oil exploration market to international capital, and today it is the fastest growing country in the world. In 2022 alone it grew by $62 and in 2023 it grew by 44%. Therefore, its GDP per capita will be greater than most European countries and even Switzerland.

[@hafeniyamateu6669]

The world is all eyes on my country Namibia

[@BGK531]

Keep it in Africa and trade it with your fellow Africans and China the countries that respect Africans.

[@cmix656]

1 million for every citizen. ☺️☺️

[@listenup2882]

Nigeria needs to invest in a huge oil refinery like Dangote 's refinery. Extract as much wealth as possible from this resource.🇱🇨🇱🇨🇱🇨

[@ABClyricsSR]

America is on the line

[@hicks288]

Black people negotiate for small pocket deals. Hope it will benefit the nation as 85% namibians are living in poverty.

[@listenup2882]

No crappy deal where the country gest only 10% of oil revenues.

[@GG-wp5ic]

Keep USA Uk INDIA FRANCE OF YOUR COUNTRY

[@SARodriguez-kw7wl]

Watch out for USA 🇺🇸 democracy

[@chad9017]

The economic hit men have probably already visited Namibia.

[@raulsekwati885]

It means Namibia finna get some freedom 🤣😂

[@suryanaray7942]

According to article 14 and 21 of the constitution of India Gujarat communal Riots and Best Bakery and Gulbarga Society Riots FBI investigation is necessary through the UNO please to give justice to the victims Families in india

[@Yasardiscipline.]

🦅🦅🇺🇲🇺🇲 ✈️✈️ 🚁

[@suryanaray7942]

Pulwama attack FBI investigation is necessary through the UNO please to give justice to the brave and innocent soldiers in india

[@cancatcannothaz]

Satyapal Malik exposed that already in an interview on The Wire with Karan Thapar👍🏿

[@apricotcomputers3943]

😂 god help you, if you get deported to Rwanda... UK needs to send them into the English channel

[@Yahyia-cv3sx]

For most, it won't mean caca, because oligarchs will control it. Portuguese! They're not even African.

[@apricotcomputers3943]

😂 resource curse

[@kimsmith6066]

here say usa/nato are in abit of panic because if turkey do join russia(here say nato/usa will lose badly in UKRAINE+MIDDLE EAST SO USA/NATO MISS MAKE SURE IT DOES NOT HAPPEND(love for turkey/gaza++++

[@bullbutter9699]

Turkey will Join BRICS NATO is falling 😊

[@IcyanzuTvRw]

You can think that all president african they are foolish

[@lxonthemix834]

It means vokol! All money is going to the west

[@yeshuaisgod9015]

❤❤❤️One true God Almighty the creator of the universe came as a human and died on the cross for your sins and rose again. You can have eternal life in Jesus. Raise to live with him in a glorious body in heaven. JESUS CHRIST is coming soon. We are in the end times. Believe in Jesus. If you seek God with sincere Heart you will find Jesus. ASK JESUS TO COME INTO YOUR HEART TODAY. Romans 10:13 For “Everyone who calls on the name of the LORD JESUS CHRIST will be saved.

[@bullbutter9699]

No god