10 Billion Barrels of Oil Discovered off Namibia's Coast | Vantage with Palki Sharma

10 Billion Barrels of Oil Discovered off Namibia's Coast | Vantage with Palki SharmaShow more

A new oil deposit has been discovered off the coast of Namibia in southern Africa. The discovery was made by the Portuguese oil company, Galp Energia. Galp says that the deposit contains about 10 Billion barrels of oil. This adds to the earlier discoveries made by Britain's Shell, and France's Total Energies. Altogether, about 21 Billion barrels of oil have been discovered in Namibia so far, and more explorations are underway. Namibia has a chance to use these deposits to boost its economy, but that will take time. Oil production is unlikely to begin before2029. Namibia will also have to find a way to prevent the Western energy giants from taking the lion's share of the wealth. Palki Sharma tells you more.

Namibia |

Oil Discovery |

Galp Energia |

Total

Energies |

Firstpost |

World News |

News Live |

Vantage |

Palki Sharma |

News

#namibia #oil #discovery #firstpost #vantageonfirstpost #palkisharma #worldnews

Vantage is a ground-breaking news, opinions, and current affairs show from Firstpost. Catering to a global audience, Vantage covers the biggest news stories from a 360-degree perspective, giving

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