BEE firm strikes oil deal

September 26, 2006

The Namibian government has signed a landmark agreement with a black-owned South African firm for oil and gas exploration along the southern African country’s coastline...

“The agreement includes the onshore Blocks 2815 and 2195 straddling the border of South Africa and Namibia and the offshore Block 2816,” Mining Minister Erkki Nghimtina said at the signing ceremony with the Industrial Development Group.

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