Namibia and Botswana Seal Landmark Agreement to Build Joint Oil Refinery

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Namibia and Botswana have entered into a groundbreaking energy partnership with the signing of an agreement to jointly establish a state-owned oil refinery. The project, described by both governments as a strategic milestone, is expected to transform the region’s energy landscape by reducing dependence on imported refined petroleum products and strengthening Southern Africa’s energy security.

In a joint statement released this week, the two countries confirmed that the facility will process crude oil into a range of refined fuels, including petrol, diesel, kerosene, and jet fuel. These products are vital to sustaining industries, transportation systems, and households across both nations.

Officials emphasized that the refinery will not only address long-standing supply vulnerabilities but also generate far-reaching economic benefits. By cutting down on costly fuel imports, Namibia and Botswana aim to retain greater value within their economies, stabilize domestic fuel prices, and improve trade balances.

The project is also expected to create significant employment opportunities during both the construction and operational phases, while providing new avenues for skills development and industrial growth.

Beyond serving Namibia and Botswana, the refinery is positioned to become a key supplier for neighboring landlocked states such as Zimbabwe, Zambia, and the Democratic Republic of Congo. Energy analysts believe that a stable and regionally controlled source of refined petroleum could help ease the fuel shortages and price fluctuations that often affect these economies.

With this initiative, Namibia and Botswana have taken a decisive step toward greater energy independence and regional integration, aligning their economic ambitions with the broader vision of strengthening Africa’s industrial base

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