Dangote Industries Namibia begins the environmental approval process for a petroleum storage terminal at Walvis Bay, Namibia, after applying for an environmental clearance certificate to subdivide 70 hectares of industrial land into six development parcels.
The petroleum storage terminal, costing N$330 billion (€17.6 billion), will have a capacity of 1.6 million barrels and serve customers in countries including Botswana, Namibia, Zambia and Zimbabwe, with the southern Democratic Republic of Congo also being considered.
A report from Reuters states: ‘The [construction of the tanks] underscores the refinery’s ambition to dominate fuel supply in Africa and beyond, potentially reshaping energy trade flows in the region and boosting access to refined products for southern African nations.’
