Namibia and Botswana Unite for $4 Billion Refinery Project to Transform Regional Energy Security
Namibia and Botswana have announced a transformative $4 billion refinery project designed to enhance regional energy security and dramatically reduce Southern Africa’s dependence on imported petroleum products.
The ambitious facility will be strategically located in Walvis Bay, Namibia, and Ghanzi, Botswana, with processing capacity ranging from 60,000 to 100,000 barrels of crude oil per day. The refinery will produce a comprehensive range of petroleum products including petrol, diesel, kerosene, and jet fuel.
Once operational, the refinery is expected to supply not only domestic markets but also export fuel to neighboring countries including Zimbabwe, Zambia, and the Democratic Republic of Congo. Industry experts believe this development could fundamentally reshape regional trade dynamics and stimulate industrial growth across Southern Africa.
The project represents a major strategic move toward energy independence for the region, particularly significant amid ongoing volatility in global oil markets. Both governments are working with global partners and investors to finalize construction agreements and timelines.
Analysts highlight the project’s potential to create substantial employment opportunities, attract significant investment, and foster enhanced regional cooperation in the energy sector. The refinery underscores Southern Africa’s determination to achieve greater energy self-reliance and reduce vulnerability to external market fluctuations.
Construction timelines and specific partnership agreements are expected to be announced soon, following completion of negotiations with international partners and financial institutions.
Source: angolanminingoilandgas.com
