Namibia Gets Ready to Become the World’s Newest Oil Hotspot
- Namibia has seen billions of barrels of offshore oil finds
- As drilling ramps up, multibillion-dollar deals are discussed
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Off a busy pier in Namibia’s main port of Walvis Bay, the seeds of an economic boom are being planted.
As workers heave fish from boats, or unload cargoes of sulfur and Congolese copper, a massive cylindrical drilling segment is hauled by extended trailer to a storage area. Between the more typical consignments of raw minerals and imported second-hand vehicles assigned to regional shippers, one lot is filling up with modern oil-exploration equipment.