Namibia Plans $2.1 Billion Port Expansion for Oil Developments
- Shell and TotalEnergies made discoveries in Namibia last year
- Project will invite private companies to invest and operate
An oil and gas drilling rig outside Walvis Bay, Namibia.
Photographer: Gianluigi Guercia/AFP/Getty ImagesThis article is for subscribers only.
Namibia is seeking private investment for a 40 billion Namibian dollar ($2.1 billion) port infrastructure expansion after significant oil discoveries made offshore the southern African nation.
The project in Walvis Bay and Luderitz involves the construction of new berths and quay walls to support drilling services, Namibian Ports Authority Chief Executive Officer Andrew Kanime said in an interview in Windhoek, the capital. “We are hoping to commence with the operation in the last quarter of next year which will take about three years at most,” he said.