According to a comprehensive report by Namibian media on April 23, Namibia is expected to become Africa’s fourth largest oil producer, and the Organization of the Petroleum Exporting Countries (OPEC) is considering inviting it to join the organization. OPEC Secretary-General Haitham Al Ghais will attend the Namibia International Energy Conference and deliver a speech on April 24. At the same time, he will lead a delegation to conduct technical consultations with the Namibian government to jointly study how Namibia can play a better role in the international oil market.
Recently, Namibia's oil exploration has made another breakthrough. Galp Energia's preliminary exploration results from the Mopane-1X well in the Orange Basin offshore Namibia show that the well's tested oil flow rate reached 14,000 barrels per day, and its total oil reserves exceeded 10 billion barrels. In addition, Shell also discovered new oil in the Orange Basin