Dangote launches $2.5B fuel storage, regional pipeline project in Namibia
Originally published by KBC Digital — Read the original article →
Namibia on Wednesday launched a petroleum storage and regional pipeline project in Walvis Bay on the country’s west coast, with an estimated investment of $2.5 billion, seeking to strengthen fuel security and improve supplies to neighboring countries.
Speaking at the ceremony, Namibian President Netumbo Nandi-Ndaitwah said the investment would expand the country’s petroleum storage capacity and help secure fuel supplies for Namibia and landlocked countries in the region amid disruptions to international oil markets caused by geopolitical tensions and vulnerable shipping routes.
She said Namibia’s strategic location, particularly the Port of Walvis Bay and its established transport corridors, offered important advantages for regional petroleum distribution and trade.