Namibia to join Obic

April 16, 2024

In light of the huge size of petroleum discoveries in the country, which aims to attract large investments, and its aspiration to reach huge production capacities

“The OPEC Plus group is one of the largest organizations controlling the market currently, especially with the shrinkage of the economy of the largest oil-consuming countries, and the failure of European and emerging markets to recover.”
“The OPEC Plus step enhances the strategic presence and economic weight of the organization in the global market, which leads to expanding its control over the oil market, controlling the balance of prices and production and thus exploiting all increasing demand requests.”