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 Sharma
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 before 2029. 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.
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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 viewers a chance to assess the impact of world events through a uniquely Indian lens.
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Пікірлер: 1 000

  • @Musicworld12383
    @Musicworld1238329 күн бұрын

    Now democracy will be in danger in Namibia 😂😂

  • @Hypocritial

    @Hypocritial

    29 күн бұрын

    Absolutely 💯 what a comment

  • @deadshot6135

    @deadshot6135

    29 күн бұрын

    USA: IT SEEMS THE DEMOCRACY IS IN DANGER IN NAMIBIA RAAAA DEMOCRACY RAAAA, WHAT'S A KILOMETRE ⁉️⁉️⁉️⁉️⁉️🦅🦅🦅🦅🦅🦅🦅🦅🦅🦅🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸‼️‼️‼️‼️‼️‼️

  • @deadshot6135

    @deadshot6135

    29 күн бұрын

    USA: IT SEEMS THAT DeMoCrAcY iZ In DeNjA RAAA🦅🦅🦅🦅🇺🇸🇺🇸🇺🇸🇺🇸

  • @HughJass-jv2lt

    @HughJass-jv2lt

    29 күн бұрын

    *underrated comment* 🔥🔥

  • @user-ed9wk3vd2r

    @user-ed9wk3vd2r

    28 күн бұрын

    Libya, Venezuela, Iraq. Next will be Namibia.

  • @SG003
    @SG00329 күн бұрын

    America is preparing to give them some freedom

  • @gbb82

    @gbb82

    29 күн бұрын

    😂😂😂😂

  • @King-ui8gz

    @King-ui8gz

    28 күн бұрын

    😂😂😂😂

  • @charioldauchab4561

    @charioldauchab4561

    28 күн бұрын

    They already expanded the embassy, made it bigger.

  • @demurgetroid

    @demurgetroid

    28 күн бұрын

    USA is currently the world's largest producer of oil themselves. Literally a blessed land with everything they need at home.

  • @Nobody-eg4bi

    @Nobody-eg4bi

    28 күн бұрын

    @@demurgetroid the largest producer but can't use it, most of the time

  • @hmmm9220
    @hmmm922029 күн бұрын

    its fascinating how africa keeps discovering new resources, even after all the exploitation, the land is still so rich

  • @user-nk1wu2pr3l

    @user-nk1wu2pr3l

    29 күн бұрын

    Check their fishing out

  • @chillxxx241

    @chillxxx241

    29 күн бұрын

    OPEC+ is “artificially” keeping prices high. Nobody would be looking for new deposits if the prices weren’t being kept this high. If they start producing more oil these projects will all disappear.

  • @shinji1264

    @shinji1264

    28 күн бұрын

    Keep lying to yourselves, the fact is that the president of Namibia is about to be very rich and the population very poor 😂

  • @chriskl2361

    @chriskl2361

    28 күн бұрын

    Africa is huge and still relatively unexplored. Similar to how Canada has a crap load of resources but no roads to even get north to find them. Africa is 3x the size of the US. Plus it has more coastline to exploit as the Arctic is difficult. Even with it's wealth and population the US still finds resources on its lands. Like the recent lithium stuff in nevada.

  • @dexterspeights3484

    @dexterspeights3484

    28 күн бұрын

    Without Africa's natural resources many first world countries cannot manufacture goods to enrich themselves!

  • @user-et1nb2es2i
    @user-et1nb2es2i29 күн бұрын

    USA also is to convince UN that Namibia has Weapons of mass destrubution that NATO wants to get rid of 😂😂😂😂😂

  • @demurgetroid

    @demurgetroid

    28 күн бұрын

    USA is currently the world's largest producer of oil themselves. Literally a blessed land with everything they need at home.

  • @shivank8105

    @shivank8105

    27 күн бұрын

    ​@@demurgetroidBlessed land stolen by colonized europeans

  • @goldenmonkey963

    @goldenmonkey963

    27 күн бұрын

    Yes Kadaffi and Saddam diidnt die, that was their clones. Now both of them is in Namibia.

  • @user-yn2lf4gr3s

    @user-yn2lf4gr3s

    27 күн бұрын

    Thieves of everything 😂😂😂

  • @user-et1nb2es2i

    @user-et1nb2es2i

    27 күн бұрын

    @@goldenmonkey963 😅😅😅😅

  • @Hypocritial
    @Hypocritial29 күн бұрын

    Now Germany is even ready to host excess Elephants from Namibia or Botswana😂😂

  • @NembiiaNembiyaNembiya

    @NembiiaNembiyaNembiya

    29 күн бұрын

    No

  • @childishduke

    @childishduke

    27 күн бұрын

    😂😂😂😭😭😭

  • @UsmanKhan-ty4bg
    @UsmanKhan-ty4bg29 күн бұрын

    i came straight for the comments section :D. Did not disappoint

  • @polyarchmabz2505

    @polyarchmabz2505

    28 күн бұрын

    😂😂😂😂😂 me tooo

  • @saumyk9636
    @saumyk963629 күн бұрын

    Wait for the Americans to find some human rights violations there 😂

  • @Shakuni-wb4rp

    @Shakuni-wb4rp

    29 күн бұрын

    😂

  • @govardhankshathri6513

    @govardhankshathri6513

    29 күн бұрын

    😂😂😂

  • @brendangwira7998

    @brendangwira7998

    29 күн бұрын

    Oh best believe America is cooking up an LGBTQ problem for Namibia

  • @kampalaplus

    @kampalaplus

    29 күн бұрын

    😂😂😂😂 shameful country USA

  • @leonardmvetingholeonardmve8130

    @leonardmvetingholeonardmve8130

    29 күн бұрын

    😅😅😅😅

  • @anime_land3216
    @anime_land321629 күн бұрын

    Freedom is coming 😅

  • @govardhankshathri6513

    @govardhankshathri6513

    29 күн бұрын

    😂😂😂

  • @maheshsukhram4982

    @maheshsukhram4982

    28 күн бұрын

    🤣🤣

  • @dukhi_aatma372
    @dukhi_aatma37229 күн бұрын

    USA: time to bring some democracy in Namibia 😂

  • @chillxxx241

    @chillxxx241

    29 күн бұрын

    You mean China bringing authoritarianism. Get with reality. How many OPEC+ countries are flourishing democracies? Some people are such idiots.

  • @SOCORROGM

    @SOCORROGM

    29 күн бұрын

    Most likely 😂

  • @samuellopesbaule5745

    @samuellopesbaule5745

    29 күн бұрын

    That's right! The bullies are preparing to bring their model of "democracy" in Namibia, 😂😂😂😂😂😂😂😂

  • @shinji1264

    @shinji1264

    28 күн бұрын

    Its only fair they brought you the internet so you can talk shit. ✌️😐

  • @dogsguardian7267

    @dogsguardian7267

    28 күн бұрын

    As if Namibian discovered it. The US tech company helping them, without there tech? Nah, i don't think so that oil will be discover

  • @Skay24
    @Skay2429 күн бұрын

    Wow now US will bring some democracy to Namibia...

  • @NembiiaNembiyaNembiya

    @NembiiaNembiyaNembiya

    29 күн бұрын

    No.. No..

  • @demurgetroid

    @demurgetroid

    28 күн бұрын

    USA is currently the world's largest producer of oil themselves. Literally a blessed land with everything they need at home.

  • @Holysimba21
    @Holysimba2129 күн бұрын

    US:"I think you mean WE found oil.." 💀

  • @varleekamara9393

    @varleekamara9393

    28 күн бұрын

    😅😅

  • @demurgetroid

    @demurgetroid

    28 күн бұрын

    USA is currently the world's largest producer of oil themselves. Literally a blessed land with everything they need at home.

  • @Holysimba21

    @Holysimba21

    28 күн бұрын

    @@demurgetroid bot

  • @demurgetroid

    @demurgetroid

    28 күн бұрын

    @@Holysimba21 Computer says no lol

  • @JullianLue

    @JullianLue

    22 күн бұрын

    😂 facts

  • @Darklink1017
    @Darklink101729 күн бұрын

    USA: looks like it's time to export some freedom boys

  • @NembiiaNembiyaNembiya

    @NembiiaNembiyaNembiya

    29 күн бұрын

    No

  • @demurgetroid

    @demurgetroid

    28 күн бұрын

    USA is currently the world's largest producer of oil themselves. Literally a blessed land with everything they need at home.

  • @PankajKumar6493

    @PankajKumar6493

    28 күн бұрын

    @@demurgetroid stop copy pasting the same shit in every comment

  • @demurgetroid

    @demurgetroid

    28 күн бұрын

    @@PankajKumar6493 No! F00k off lol!

  • @18records18

    @18records18

    27 күн бұрын

    😂😂😂😂damn som

  • @kelvinwanjo186
    @kelvinwanjo18629 күн бұрын

    Africa is blessed I don't know why their people are suffering

  • @dennismarfo3536

    @dennismarfo3536

    29 күн бұрын

    Having mostly corrupt stooges for leaders is

  • @ambessaseway5594

    @ambessaseway5594

    29 күн бұрын

    20% are benefiting 80% suffering

  • @RealityStand

    @RealityStand

    29 күн бұрын

    Tell the Europeans and Americans to leave Africa alone, unfortunately they will die of hunger if they leave Africa.

  • @schloops8473

    @schloops8473

    29 күн бұрын

    the countries where the russians and chinese aren't are doing better... the rest are being slaughtered and their wealth stolen

  • @damoahpatrick616

    @damoahpatrick616

    29 күн бұрын

    It's because we are dump

  • @abdouramanediallo5068
    @abdouramanediallo506829 күн бұрын

    Pray for Namibia!

  • @Peter-bg1ku

    @Peter-bg1ku

    28 күн бұрын

    Praying doesn't help. Guns do

  • @beach2787

    @beach2787

    28 күн бұрын

    More so "prey on Namibia"

  • @hendrythobela9418
    @hendrythobela941827 күн бұрын

    As a South African, I adore her coverage of events unfolding in Africa.

  • @naturestherapy9943
    @naturestherapy994329 күн бұрын

    Thanks Palki for your straightforward presentation and analysis, from Namibia 🇳🇦

  • @utkarshg.bharti9714

    @utkarshg.bharti9714

    28 күн бұрын

    Whatever you do, don't let US, UK, French, and German oil companies into your territory.

  • @naturestherapy9943

    @naturestherapy9943

    28 күн бұрын

    @@utkarshg.bharti9714 Absolutely,. There is a Namibian company, hope it will get a chance

  • @QCW_636

    @QCW_636

    24 күн бұрын

    @@utkarshg.bharti9714 there thing is they will just come because Namibia has very low oil company

  • @alicemark5918
    @alicemark591827 күн бұрын

    I'm so happy I made productive decisions about my finances that changed forever. I'm a single mother living in Vancouver Canada, bought my first house in October and hoping to retire soon if things keep going smoothly for me.

  • @AroraMunoz

    @AroraMunoz

    27 күн бұрын

    Everyone needs more than their salary to be financial stable. The best thing to do with your money is to invest it rightly, because money left for saving always end up used with no returns.

  • @RoseHossain-zw9tw

    @RoseHossain-zw9tw

    27 күн бұрын

    Who is your financial coach, do you mind hooking me?

  • @NatalieDormer-or4jj

    @NatalieDormer-or4jj

    27 күн бұрын

    Am looking for something to venture into on a short term basis, I really need to create an alternate source of income, what do you think I should be buying?

  • @alicemark5918

    @alicemark5918

    27 күн бұрын

    Cryptocurrency investment, but you will need a professional guide on that.

  • @alicemark5918

    @alicemark5918

    27 күн бұрын

    Facebook 👇

  • @russiaukrainewardailyupdates
    @russiaukrainewardailyupdates29 күн бұрын

    US : Ahh shitt... Here we go again 🦅

  • @user__100
    @user__10029 күн бұрын

    $45 Trillion was taken from India by Britain over 200 years of rule

  • @rufustfirefly7389

    @rufustfirefly7389

    29 күн бұрын

    and how much in foreign aid have they had off the Brits since independence? Don't forget you've a space program the Brits don't.

  • @neo1053

    @neo1053

    28 күн бұрын

    ​@@rufustfirefly7389oh please it does not compare

  • @trendshort_

    @trendshort_

    28 күн бұрын

    ​@@rufustfirefly7389Then why not Britain starting its own Space program , go ahead Brit bong let it bring to sky

  • @mdgulfamrashid7787

    @mdgulfamrashid7787

    28 күн бұрын

    ​@@rufustfirefly7389 even if you sell Britain , we won't be able to recover our 45 trillion dollars and countless atrocities against us!

  • @jakesingh9283

    @jakesingh9283

    28 күн бұрын

    The British rule have destroyed India, divide & rule then partition, now Britain is facing the curse, the Muslims will teach them a lesson.

  • @LegalAssassin101
    @LegalAssassin10128 күн бұрын

    As a Namibian I'm excited about these oil discoveries. However, we have to get it right. From the legal framework, to ensuring that the vast majority of Namibians benefit from our natural resources. We can do it. It will take time however.

  • @darkgalaxy5548

    @darkgalaxy5548

    26 күн бұрын

    It will take more than time. It will take Namibian citizens holding their politicians to account.

  • @raymondsepheu581

    @raymondsepheu581

    25 күн бұрын

    Foreing companies already control 80% of that oil. You will have to remove your current leader if he's compromised

  • @leonidojr.pretencio8526

    @leonidojr.pretencio8526

    21 күн бұрын

    Goodluck from Philippines here.

  • @shortsking6471
    @shortsking647129 күн бұрын

    I know you have come to see in how many different ways people will write 'Nambia needs democracy'

  • @Silent-Ghost-Rider

    @Silent-Ghost-Rider

    28 күн бұрын

    😅😢😂

  • @christiaanvanwyk2622

    @christiaanvanwyk2622

    28 күн бұрын

    Namibia is a democratic country since 1990

  • @kapunda6741

    @kapunda6741

    28 күн бұрын

    @@christiaanvanwyk2622 hulle bedoel Amerika sal hulle demokrasie bring. Die een waar hulle jou land totaal opfok en vernietig sodat hulle kan steel en plunder.

  • @PankajKumar6493

    @PankajKumar6493

    28 күн бұрын

    @@christiaanvanwyk2622 use your brain bruhh..,.. it's a joke

  • @harolddanster9434
    @harolddanster943428 күн бұрын

    Like Malema said we (Africa in general)should own 50% of everything oil included we should own and Control key word "control" our resources

  • @kondurutharun
    @kondurutharun29 күн бұрын

    Sounds like Namibia needs some freedom.

  • @NembiiaNembiyaNembiya

    @NembiiaNembiyaNembiya

    29 күн бұрын

    No We need oil Namibia plus India, we can protect our oil...

  • @josephquaye5155

    @josephquaye5155

    27 күн бұрын

    80 percent of their land is controlled by german settlers and they are going to benefit and not the real Namibians.

  • @sunnymitra6372
    @sunnymitra637229 күн бұрын

    USA : Namibia needs Freedom

  • @demurgetroid

    @demurgetroid

    28 күн бұрын

    USA is currently the world's largest producer of oil themselves. Literally a blessed land with everything they need at home.

  • @stillwrinkled
    @stillwrinkled29 күн бұрын

    CIA: ah shit! here we go again.

  • @kgosijapie5859

    @kgosijapie5859

    29 күн бұрын

    😂😂😂😂😂😂😂😂😂😂😂😂, very good comment

  • @dogsguardian7267

    @dogsguardian7267

    28 күн бұрын

    As if Namibians single-handedly discovered that oil. Without US Tech Company that oil cannot will not discover. Like US helping Saudi discover the oil through their techlnology. And some countries copy that tech including Russia and some OpEc countries

  • @RESAHUTEHUT-SOKHOI73.

    @RESAHUTEHUT-SOKHOI73.

    19 күн бұрын

    They already killed the President.

  • @andy-su7gq
    @andy-su7gq28 күн бұрын

    God Bless Namibia

  • @jeremiasfronda108
    @jeremiasfronda10828 күн бұрын

    God's blessings. Generous..avoid environmental pollution priority.

  • @jitheshsrai4992
    @jitheshsrai499229 күн бұрын

    Freedom 🦅

  • @wargod7307
    @wargod730729 күн бұрын

    USA: DID someone said oil?

  • @demurgetroid

    @demurgetroid

    28 күн бұрын

    USA is currently the world's largest producer of oil themselves. Literally a blessed land with everything they need at home.

  • @PankajKumar6493

    @PankajKumar6493

    28 күн бұрын

    say*

  • @Christ-follower471

    @Christ-follower471

    19 күн бұрын

    So what the hell did you do to Afghanistan, Iraq, Libya ect😢​@@demurgetroid

  • @user-ix3cc9kr1f
    @user-ix3cc9kr1f28 күн бұрын

    I am so happy for all African countries I like them to have bright future

  • @Draagaan
    @Draagaan28 күн бұрын

    Namibia is too blessed

  • @Lions-Pride-Dominion

    @Lions-Pride-Dominion

    28 күн бұрын

    kzread.infocy35XTnY-iQ?si=nNi92dve8Uk8TGNp Our leaders are blessed to create Sovereign Fund called Welwitschia Fund to help avoiding "The Swedish curse"🙏🏿

  • @xfactor3615
    @xfactor361529 күн бұрын

    Love this news! More African countries should become prosperous. Will their politicians stand up?

  • @thescholarofpain

    @thescholarofpain

    28 күн бұрын

    These foreign oil companies will buy them off

  • @jamesmatipwiri3765
    @jamesmatipwiri376529 күн бұрын

    Watch out for the western playbook

  • @abdillahihollandis7481
    @abdillahihollandis748129 күн бұрын

    AFRICA is rich . We growing higher .

  • @Ducktility

    @Ducktility

    29 күн бұрын

    You not rich, but grow higher future

  • @kapunda6741

    @kapunda6741

    28 күн бұрын

    We are rich, but our politicians keep us down in the gutters.

  • @Ducktility

    @Ducktility

    28 күн бұрын

    @@kapunda6741 I too am rich but my bank statement lies to me

  • @kapunda6741

    @kapunda6741

    28 күн бұрын

    @@Ducktility lol. I have the same problem

  • @levismith7444

    @levismith7444

    24 күн бұрын

    The only thing growing there is the politicians pocketbooks

  • @michaeltran8668
    @michaeltran866829 күн бұрын

    Love your reporting Palki !

  • @eunallmaharaj8583
    @eunallmaharaj858328 күн бұрын

    Good news....Namibia once a 5 th province of South Africa...given independence in 1990....by than South African Govt....love from South Africa..

  • @emmanuelashipalakaulumah3299

    @emmanuelashipalakaulumah3299

    27 күн бұрын

    We were never a South African province.

  • @eunallmaharaj8583

    @eunallmaharaj8583

    27 күн бұрын

    @@emmanuelashipalakaulumah3299 Maybe you did not recognize it BUT ACCORDING TO THE THAN SOUTH AFRICAN GOVT...SOUTH AFRICA RULED OVER NAMIBIA AS A FIFTH PROVINCE ..WITH AN ADMINISTRATOR ..LIKE THE THE OTHER FOUR PROVINCES...YOU WERE ONLY GIVEN INDEPENDENCE IN 1990..WITH WALFISH BAY..REMAINING WITH SOUTH AFRICA...ONLY AFTER 1994..THE NEW SOUTH AFRICAN GOVT...TRANSFERRED WALFISH BAY TO NAMBIA..EVEN FORGIVING MONEY OWNING TO SOUTH AFRICA.......THIS THE FACT ...LIKE IT OR NOT..

  • @user-fb9wp4dd7i

    @user-fb9wp4dd7i

    23 күн бұрын

    ​@@emmanuelashipalakaulumah3299yes we were.. . South West africa

  • @fatherhood_matters
    @fatherhood_matters28 күн бұрын

    This is my country 🇳🇦

  • @bebyfun

    @bebyfun

    27 күн бұрын

    Be careful from USA mathod for making puppet government in Namibia for oil rights

  • @Freedom20255
    @Freedom2025529 күн бұрын

    It’s insane how much wealth is in Africa. Yet, they have the guts to say Africa is poor. Close Africa for a year and watch the world collapse! Nonsense!

  • @mukultomar6772

    @mukultomar6772

    28 күн бұрын

    From diamonds to oil they have everything. Blessed piece of land for sure

  • @Freedom20255

    @Freedom20255

    28 күн бұрын

    @@mukultomar6772 We must learning how to build a continent of prosperity.

  • @mukultomar6772

    @mukultomar6772

    27 күн бұрын

    @@Freedom20255 Don't even think about it west is all over your back

  • @Lions-Pride-Dominion

    @Lions-Pride-Dominion

    16 күн бұрын

    Namibia has massive gold discoveries, rare metals and the best diamonds, and highly sought after Tantalite/Tantalum one IPL alone reported at 50 000 000 tons of rare metals... And the Oil is LIGHT OIL too. Mind you, before all these massive discoveries, our leadership managed to build one of the best economies in Africa. To the point that their roads/ Infrastructure is ranked THE BEST IN AFRICA and top 25 in the Worl! That's why it's USELESS to follow uninformed comments on "corruption" affect the way the oil discoveries impact the citizens... #The Central Bank has already come up with "WELWITSCHIA SOVEREIGN FUND" to avoid RESOURCE CURSE, what they call "the Dutch disease"...

  • @Freedom20255

    @Freedom20255

    16 күн бұрын

    @@Lions-Pride-Dominion Insane!!

  • @nicolaas119
    @nicolaas11918 күн бұрын

    This is so on point. I appreciate the fact that this news report is realistic

  • @blessingndlovu9037
    @blessingndlovu903729 күн бұрын

    Why would they send the oil to India when they can build refineries in Namibia and South Africa

  • @blessingndlovu9037

    @blessingndlovu9037

    28 күн бұрын

    @@darshp800 For your information South Africa already has refineries namely: Spref; Enref; Chevref and Natref and has the capacity and technical know-how if has to expand on the existing infrastructure. Secondly what you are saying is false, Saudi Arabia has refineries: Riyadh Refinery (Saudi Aramco); Rabigh Refinery (PetroRabigh); Jeddah Refinery (Saudi Aramco); Ras Tanura Refinery (Saudi Aramco); Yanbu' Refinery (Saudi Aramco); Yanbu' Refinery (SAMREF) (Saudi Aramco/Exxon Mobil); Yanbu' Refinery (Saudi Aramco/Phillips 66); YASREF Refinery (Yanbu') (Saudi Aramco/Sinopec); Jubail Refinery (SASREF) (Saudi Aramco/Shell); Jubail Refinery (Saudi Aramco/TOTAL). So again, WHY should they sell the oil to India when they can partner with South Africa (close neighbor) and or build their own refineries? If India wants to benefit from that, they should build a refinery in Namibia and buy the finished products at a discount from Namibia!

  • @blessingndlovu9037

    @blessingndlovu9037

    28 күн бұрын

    @@darshp800 Firstly they should not sell the raw product to India. They should build their own refineries and sell the finished products to create local jobs and to build technical know-how for their people. For your information South Africa has refineries and technical know-how and Namibia could partner with South Africa (their neighbor) in this regard. They should not allow India or any other nation for that matter to exploit them. Secondly Saudi Arabia has refineries so do not spread false information to prove a weak point 😂

  • @darshp800

    @darshp800

    28 күн бұрын

    @@blessingndlovu9037 Read it properly illiterate person, where did I mentioned that Saudi doesn't have refining capacity, I have mentioned Aramco which is world's largest refiner, but it's not able to refine all Saudi oil output. Neither any oil producing country has capacity to refine all extracted oil by itself. Read it carefully. Read properly first and then comment, and for your kind info I work in the company which supplies drilling units to these gaints. You don't decide who they can sell too neither can Namibia(which is mostly likely to follow capitalist route) once it signs agreement with Shell, BP or any private ones, they sell it to highest bidder. Welcome to the world of Capitalism.

  • @darshp800

    @darshp800

    28 күн бұрын

    @@blessingndlovu9037 Read it properly first blank brain, I never mentioned that Saudi has no refinery, I said it doesn't have the capacity to fully refine all the oil output. Neither does any oil producing country. And lastly neither me nor you decide to whom Namibia sells raw oil, they will follow capitalist route and sell wells to BP, Shell who will sell them to highest bidder. They won't care where you refine it. Welcome to capitalist world.

  • @darshp800

    @darshp800

    28 күн бұрын

    @@blessingndlovu9037 Where did I even mentioned that Saudi doesn't have any refinery?

  • @SKF358
    @SKF35829 күн бұрын

    Ten billion barrels is about 3 months of world consumption of oil. Yippee.

  • @mzerk9324

    @mzerk9324

    28 күн бұрын

    Just take note that it's 21 billion barrels discovered in only Wells drilled. Guyana discovered 12 billion barrels in over 30 Wells. Namibia discovered 21 billion in 8 Wells drilled. It looks like Namibia will reach over 50 billion barrels by the time they drill 30 Wells or by the look of things by 20 Wells they will be at 40 billion barrels. This drilling is only 10% of entire block.

  • @user-us5jr7kf4v
    @user-us5jr7kf4v29 күн бұрын

    Great

  • @Fancy_By_Nature
    @Fancy_By_Nature17 күн бұрын

    It might not be worlds largest or Dubai but there's a great opportunity for the people of Namibia

  • @mzerk9324
    @mzerk932429 күн бұрын

    According to Shell and Total energies : they will produce 500,000 barrels in 2030 but estimation was end of last year and excluded Portuguese Galp. With Galp now on board and said in hurry to develop their oil Wells, it's now estimated that Namibia will start at 700,000 barrels per day. Shell made their 5th discovery just last week again. Totalenergies too and are now still busy with appraising another well as we speak. Total Wells discovered are now 10 and this is only 10% of the area still to be drilled in Orange basin. On 10% shareholding I have to say there is a different sharing Formula. Government will get 65% share in Revenue. 45% is tax plus 10% shareholding plus another 10% lifting fee =65%.

  • @briopalumpus8676

    @briopalumpus8676

    29 күн бұрын

    you write like an oil and gas analyist, given that only ten percernt of the area hass been drilled the reserves estimates will surely rise, that 20billion figure might turn out to be true in the future, i was sceptical initially, about how much oil they found.

  • @RedeemedRapelang

    @RedeemedRapelang

    28 күн бұрын

    Really needed someone to expound on that shareholding structure. Thank you so much. Good news for us here in Botswana. Congratulations Namibia

  • @Lions-Pride-Dominion

    @Lions-Pride-Dominion

    28 күн бұрын

    kzread.infocy35XTnY-iQ?si=nNi92dve8Uk8TGNp Our leaders are blessed to create Sovereign Fund called Welwitschia Fund to help avoiding "The Swedish curse"🙏🏿

  • @Lions-Pride-Dominion

    @Lions-Pride-Dominion

    16 күн бұрын

    YOU RIGHT ON SPOT! AND ALL THESE IS JUST THE ORANGE BASINS AT 10%, THERE IS STILL WALVIS BAY BASIN AND OTHERS, AND plus ONSHORE POTENTIAL. AND SINCE THERE IS MASSIVE GOLD DISCOVERIES AND MILLIONS OF TONS OF RARE EATH AT THE SAME TIME, WE MIGHT BE TALKING ABOUT A TRILLION DOLLAR ECONOMY HERE,

  • @khon6339
    @khon633929 күн бұрын

    hope they can be self reliant instead of depending on other foreign countries

  • @Lions-Pride-Dominion

    @Lions-Pride-Dominion

    28 күн бұрын

    kzread.infocy35XTnY-iQ?si=nNi92dve8Uk8TGNp Our leaders are blessed to create Sovereign Fund called Welwitschia Fund to help avoiding "The Swedish curse"🙏🏿

  • @righttobeararmsetc.8492
    @righttobeararmsetc.849221 күн бұрын

    Nice that can help the African people big time if done right

  • @chrisbennett6260

    @chrisbennett6260

    17 күн бұрын

    they be helping themselves thay money wont touch ordinary people

  • @borisjohonson349
    @borisjohonson34926 күн бұрын

    That's why our Africa is always blessing.

  • @peterrichard9769
    @peterrichard976928 күн бұрын

    Namibia is a beautiful country

  • @ivicaloncar2147

    @ivicaloncar2147

    13 күн бұрын

    Yes ... indeed!!! God bless Namibia and love from Croatia.hr, EU!

  • @simonmtshweni-gw6pn
    @simonmtshweni-gw6pn29 күн бұрын

    It is also discovered in south Africa and Mozambique also.

  • @briopalumpus8676

    @briopalumpus8676

    29 күн бұрын

    they found gas in those places not oil.

  • @siphociliwe1096

    @siphociliwe1096

    27 күн бұрын

    Oil broer, opposite Petro SA refinery in the western Cape.

  • @chrisbennett6260

    @chrisbennett6260

    17 күн бұрын

    @@siphociliwe1096 there should be no townships of corrugated iron

  • @user-pg7iq8zd5u
    @user-pg7iq8zd5u24 күн бұрын

    Great news for Namibia...

  • @ericmucoki1958
    @ericmucoki195827 күн бұрын

    The reason why Africa countries need to be united than ever

  • @andremchinda3973
    @andremchinda397329 күн бұрын

    NAMIBIA, Land of the BRAVES, Land of SAVANA! Watch out Fellows Africans Namibians. This may be a Beginning of an End! Watch out!

  • @Lions-Pride-Dominion

    @Lions-Pride-Dominion

    28 күн бұрын

    kzread.infocy35XTnY-iQ?si=nNi92dve8Uk8TGNp Our leaders are blessed to create Sovereign Fund called Welwitschia Fund🙏🏿

  • @Lions-Pride-Dominion

    @Lions-Pride-Dominion

    28 күн бұрын

    kzread.infocy35XTnY-iQ?si=nNi92dve8Uk8TGNp Our leaders are blessed to create Sovereign Fund called Welwitschia Fund to help avoiding "The Swedish curse"🙏🏿

  • @josephkamau9741
    @josephkamau974129 күн бұрын

    Freedom and democracy coming to namibia

  • @firefox39693
    @firefox3969320 күн бұрын

    They're also really rich with uranium and wind energy (both onshore and offshore). They should use that oil and gas money to help finance nuclear energy and wind farms.

  • @pukhrajprajapat760
    @pukhrajprajapat76028 күн бұрын

    nicely explained mam

  • @M4D5K1L2
    @M4D5K1L229 күн бұрын

    Namibia is going to get some freedom soon 🤔

  • @UrbanFocus-rl6vw

    @UrbanFocus-rl6vw

    28 күн бұрын

    We do have freedom unfortunately for you,infact the most peaceful country in Africa,Namibia minds their own busines,just like you should.Thank you

  • @Lions-Pride-Dominion

    @Lions-Pride-Dominion

    28 күн бұрын

    kzread.infocy35XTnY-iQ?si=nNi92dve8Uk8TGNp Our leaders are blessed to create Sovereign Fund called Welwitschia Fund to help avoiding "The Swedish curse"🙏🏿

  • @ams-yaa

    @ams-yaa

    25 күн бұрын

    @@UrbanFocus-rl6vw , well said. We do mind our own business and very blessed and humble people. May the lord protect our nation and resources.

  • @trinityafrica2403
    @trinityafrica240329 күн бұрын

    Namibia democracy is coming

  • @theawesomeman9821
    @theawesomeman982128 күн бұрын

    I'm happy for Namibia

  • @wyihupoip8105
    @wyihupoip810528 күн бұрын

    How can the government of Namibia accept a 10% share as the owners It should be 60/40 at the least.

  • @Abby_KayGee
    @Abby_KayGee29 күн бұрын

    South Africa also find oil same place next to Namibia

  • @MartinMenge

    @MartinMenge

    29 күн бұрын

    ...and it already has refineries

  • @wns1212
    @wns121229 күн бұрын

    Very soon we shall hear of insurgency in Namibia...

  • @immanuelhiskia3092

    @immanuelhiskia3092

    28 күн бұрын

    The EU diplomats are already warming up to the opposition parties

  • @wadefreeman7340

    @wadefreeman7340

    28 күн бұрын

    Namibia is not what you expected 2 million with good governance so don't say that ,ve

  • @Lions-Pride-Dominion

    @Lions-Pride-Dominion

    28 күн бұрын

    ​@@immanuelhiskia3092never

  • @MercySomaes

    @MercySomaes

    28 күн бұрын

    Not anytime soon. We are very peaceful and respect the rule of law.

  • @RESAHUTEHUT-SOKHOI73.

    @RESAHUTEHUT-SOKHOI73.

    19 күн бұрын

    That already happened when they took out the President.

  • @omen324
    @omen32425 күн бұрын

    God bless my country and please protect us from incoming storms like the " American democracy"😭😭

  • @Kristian-eu9gi
    @Kristian-eu9gi19 күн бұрын

    Land of the brave don't forget that

  • @stevenwilliams3015
    @stevenwilliams301529 күн бұрын

    America is bringing democracy and human right to Namibia soon

  • @suryanarayanan5158
    @suryanarayanan515829 күн бұрын

    US: Namibia is holding weapons of mass destruction

  • @Ducktility

    @Ducktility

    29 күн бұрын

    Yeah and it's oil

  • @ivicaloncar2147

    @ivicaloncar2147

    13 күн бұрын

    ....Ha, ha, ha, oh my God... what are you saying ... its shitting!

  • @penchalatataraodara8250
    @penchalatataraodara825028 күн бұрын

    ❤ U and LIKE your "WORLD NEWS" PRESENTATION...

  • @ephramevezi48
    @ephramevezi4821 күн бұрын

    Good cap. Let's hope Namibia truly benefits from this new found resources. Let's hope it doesn't become a new theatre of the absurd

  • @deedeemccall7693
    @deedeemccall769329 күн бұрын

    After geingob left

  • @neuralninjas
    @neuralninjas29 күн бұрын

    USA: here we go...

  • @yctestdrive
    @yctestdrive23 күн бұрын

    My country Namibia 🇳🇦

  • @annemungai4562
    @annemungai456229 күн бұрын

    They take 80 per cent and the soil is yours 😳😳😳

  • @brendangwira7998

    @brendangwira7998

    29 күн бұрын

    Pretty much!

  • @briopalumpus8676

    @briopalumpus8676

    29 күн бұрын

    they cant with out being sued. they might get 65 percent of all profits, but still the oil companies will walk away with handsome returns its a win win.

  • @user-zc1cx8jc4s

    @user-zc1cx8jc4s

    29 күн бұрын

    Just like in Uganda total with the biggest share of oil and Uganda with 15%

  • @SuperKillerdog

    @SuperKillerdog

    29 күн бұрын

    This is NOT a win win! lol! Win-win for who?

  • @SmilingCoastline-vb9ez

    @SmilingCoastline-vb9ez

    28 күн бұрын

    So 80% of the country (oil feilds they say) is essentially foreign owned

  • @navinsingh72
    @navinsingh7229 күн бұрын

    China already has firm foothold in Namibia. Not to mention Namibian government officials are easily corruptable

  • @plusultra7258

    @plusultra7258

    29 күн бұрын

    You really think China can hold out when it comes to money in front of the Superpower?

  • @chosensiwale4293
    @chosensiwale429325 күн бұрын

    I hope this oil discovery in Namibia doesn't bring problems to Central and Southern Africa.

  • @NoraUG123
    @NoraUG12324 күн бұрын

    Africa needs to start refining their own oil

  • @JackThomas-lr8xq
    @JackThomas-lr8xq28 күн бұрын

    Thank you for the content!! All we need is the right advice on how to invest in crypto and we will be set for life, I made over a million dollars from trading this year regardless of the market conditions😊

  • @Karinamatters

    @Karinamatters

    28 күн бұрын

    I've been investing in Bitcoin by myself. I'm not really happy with what's going on, just few weeks ago I lost about $7,000 in a particular trade. Can you help me out or at least advise me on what to do?

  • @JackThomas-lr8xq

    @JackThomas-lr8xq

    28 күн бұрын

    I will advise you stop trading on your own if you keep losing. And i don't trade on my own anymore, I always required help and assistance

  • @JackThomas-lr8xq

    @JackThomas-lr8xq

    28 күн бұрын

    YES!!! That's exactly her name (BRISA RICHARDSON ) so many people have recommended highly about her and am just starting with her from Brisbane Australia🇦🇺

  • @JackThomas-lr8xq

    @JackThomas-lr8xq

    28 күн бұрын

    from my personal financial advisor

  • @Karinamatters

    @Karinamatters

    28 күн бұрын

    I have heard a lot of wonderful things about Brisa Richardson on the news but didn't believe it until now. I'm definitely trying her out

  • @mrwaeta1
    @mrwaeta123 күн бұрын

    Go neibas , love from Botswana

  • @88motho
    @88motho26 күн бұрын

    Africa is a Blessed Continent indeed , There is no doubt about that. Its pity we don't have Intelligent Leaders who knows how to share the wealth amongst the people.

  • @amonrapictures
    @amonrapictures29 күн бұрын

    What I sayoro luv is to comment when palki sleeping then she woke up and got here smile on wow palki 🥰

  • @NembiiaNembiyaNembiya
    @NembiiaNembiyaNembiya29 күн бұрын

    Good day. Yes, Namibia would like to become a partner with India, Bangladeshi! It's time to share among each other and overcome struggles.

  • @user-nj5ov1oj2q

    @user-nj5ov1oj2q

    28 күн бұрын

    No no my friend first you need lots of USA style democracy, freedom, human rights & a little bit of american corporations & we will make you Great again!!! 😂😂😂

  • @jorgegomez524
    @jorgegomez52425 күн бұрын

    She forgot to mention that those companies will have to pay royalties to Namibia. Just a small detail...

  • @ET3453
    @ET345319 күн бұрын

    Namibia needs freedom🇺🇸

  • @penchalatataraodara8250
    @penchalatataraodara825028 күн бұрын

    ❤ U PALKI.

  • @wilbardworlie7949
    @wilbardworlie794922 күн бұрын

    Lord protect our country from greedy them😞😞

  • @goat5hit
    @goat5hit29 күн бұрын

    ...easiest way to jack up the price on something is to convince the people thats its rare and scarce.... *cough* diamonds, oil, caviar.

  • @wisdomsakala1477
    @wisdomsakala147724 күн бұрын

    They is more and more oil discovery in southern Africa this days , Africa is blessed with everything it's just that our reader a weak

  • @subone1026
    @subone10268 күн бұрын

    Wow

  • @Namibia2024
    @Namibia202427 күн бұрын

    I love this channel ❤❤ #namibiawelove

  • @phenomenal7323
    @phenomenal732327 күн бұрын

    The way God keeps blessing Africa..... but Africa cant just help itself ouf

  • @Gordon_L
    @Gordon_L29 күн бұрын

    I'm old enough to remember that 40 years ago we were told about "peak oil" and the world would run out in 30 years .

  • @shopekassie
    @shopekassie21 күн бұрын

    Namibia must refine its Oil.

  • @whitestar182
    @whitestar18228 күн бұрын

    discovering is good but extracting is a very expensive process.This is where Russia Succeeds as when they extract with cheaper work force and equipment.Not other countries got that

  • @messetjituri6443
    @messetjituri644325 күн бұрын

    Eyes on Namibia 🇳🇦

  • @benzo9568
    @benzo95688 күн бұрын

    wow

  • @dan2304
    @dan230415 күн бұрын

    That is about 8 months global supply but will be cost expensive to produce produced and take many years to produce. Global consumption of 100 million barrels a day or 36,500,000,000, 36 billion barrels a year.

  • @jonhsonakinbule3511
    @jonhsonakinbule351126 күн бұрын

    It's great news. My preposition, for every oil deal, Namibia shouldn't settle for anything less than 70%

  • @BabyDonut-fo5pv
    @BabyDonut-fo5pv17 күн бұрын

    Oh my..... I can already hear the song "AMERICAAH..... F*** YEAH!!!"

  • @caddydaddy9961
    @caddydaddy996122 күн бұрын

    Operations Freedom..America.

  • @Lions-Pride-Dominion
    @Lions-Pride-Dominion16 күн бұрын

    Namibia has massive gold discoveries, rare earths and the best diamonds, and highly sought after Tantalite/Tantalum one IPL alone reported at 50 000 000 tons of rare earths... And the Oil is LIGHT OIL too. Mind you, before all these massive discoveries, BY THE GRACE AND THE WISDOM OF THE MOST HIGH, our leadership managed to build one of the best economies in Africa. To the point that their roads/ Infrastructure is ranked THE BEST IN AFRICA and top 25 in the Worl! And perhaps one of the reasons why the country is receiving hundreds of Billions in direct foreign investments/FDIs, with many of them speaking very Loud very loud, one of them went like this: "Namibia is the best place to invest in..." That's why it's USELESS to follow uninformed comments on "corruption" affect the way the oil discoveries impact the citizens... #The Central Bank has already come up with "WELWITSCHIA SOVEREIGN FUND" to avoid RESOURCE CURSE, what they call "the Dutch disease"... ALL THESE HAVE GONE VIRAL ON THE NET,

  • @LazyBrownWizard
    @LazyBrownWizard26 күн бұрын

    US feels that Namibians deserves freedom

  • @republicofhandball8815
    @republicofhandball881528 күн бұрын

    Namibia is just 3 milions people for 825,000 sq km(one of the lowest density in the world) it will probably be 13millions in the next decades because of oil. However, this oil is off the coast, harder to get drilled, transported etc.

Келесі