New Oil Find in Namibia

WINDHOEK – Huge amounts of potential oil-bearing substrate have been found in the Maltahöhe district, Permanent Secretary in the Ministry of Mines and Energy, Joseph Iita, told New Era yesterday.

A seismic survey identified a source rock believed to contain about 200 million barrels of oil, a discovery if proven right, will see Namibia featuring among the oil producing countries of the...