This African nation, ‘Saudi Arabia of Africa’, has jackpot oil, gas and…; India wants to…, the country is…
Namibia, dubbed by many as the 'Saudi Arabia of Africa' is resource-rich country with vast reserves oil, natural gas, uranium, and other precious minerals.
Prime Minister Narendra Modi landed in Namibia on Wednesday morning, marking the first consult with by an Indian PM to the African nation after 27 years. Namibia, dubbed by many as the ‘Saudi Arabia of Africa’ is useful resource-rich country with enormous reserves oil, pure gasoline, uranium, and different handy minerals.
In accordance with legitimate sources, for the duration of PM Modi’s consult with, India is seemingly to signal a deal on the export of uranium as effectively as the exploration of oil and gasoline resources in Namibia.
India is terribly enthusiastic in exporting Uranium from Namibia, and back in oil and gasoline exploration, which could per chance be a indispensable and winning affiliation for each and each worldwide locations, talked about India’s High Commissioner to Namibia Rahul Srivastava.
Why Namibia is is named ‘Saudi Arabia of Africa’?
Namibia is is named by many experts as the ‘Saudi Arabia of Africa’ the African nation has enormous reserves of oil, gasoline, uranium, and different handy minerals comparable to copper, gold and silver. The country has a small inhabitants of objective over 3 million folks, yet holds gargantuan strategic designate on the worldwide stage due to its pure resources.
In accordance with diverse stories, Namibia is home to some of the area’s greatest oil fields, and its offshore reserves are estimated to love 20 billion barrels of oil. Namibia used to be ranked among the area’s high 10 oil producers in 2025, and latest discoveries indicatethat there may very effectively be even greater oil and gasoline reserves in the African country.
Moreover, Namibia furthermore has enormous reserves of uranium.
When did oil exploration originate in Namibia?
The exploration of oil and gasoline reserves in Namibia started in the early Seventies, nonetheless the exploration activity has drastically increased after 2022, main to the invention of enormous reserves that like drastically reinforced the country’s financial system, and caught the honor of main world powers, including the US, Russia, and China.
Recently, Rhino Resources– a inside of most exploration firm– presented the invention hydrocarbons in the Sagittarius 1-X effectively, which sparked a bidding war among global energy giants take care of ExxonMobil, Shell, TotalEnergies and Chevron.
How Namibia may per chance change into a number one oil producer?
Namibia has 230,000 sq. kilometres of licensed land, as in contrast to decrease than 100,000 sq. kilometres in Norway. However the position is accumulated largely underexplored, and handiest has few deep oil wells as in contrast to the thousands in offshore areas take care of North Sea and the Gulf of Mexico.
Then all as soon as more, experts imagine that Namibia’s oil exploration success charge will instant lengthen in the coming years, and its offshore oil discoveries will catapult the country as even handed almost definitely the most main oil producers on the planet by 2035. The next couple of years are obligatory for Namibia’s oil aspirations as several key initiatives will mediate the destiny of its reserves.
Subsequent 365 days, TotalEnergies will destroy ground on a comprehensive construction of the basin, whereas drilling and exploration work will happen in the Orange Basin in the interval in-between
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