UK based firm mulls stake in Namibia’s petroleum sector

United Kingdom based Matrix Petroleum currently operating in South Africa, Zambia and Zimbabwe are keenly eyeing the Namibian market in the next year or two, as part of its African expansion drive.

Considering that the National Petroleum Corporation of Namibia (Namcor) recently took charge of the country’s multi-million-dollar national oil storage facility, which consists of a tanker jetty, multiple product pipelines and a terminal consisting of seven tanks, this development presents an opportunity for Matrix...

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