Namibia: Dangote Promises Cheaper Fuel for Namibia...Launches N$41.6b Pipeline Project in Walvis

Namibia: Dangote Promises Cheaper Fuel for Namibia...Launches N$41.6b Pipeline Project in Walvis

Namibia - Dangote Group's President and Chief Executive Officer, Aliko Dangote, has promised that the implementation of the N$41.6 billion (approximately USD 300 million) Dangote Namibia Tank Farm and Regional Pipeline project will result in a decrease in fuel prices for the country.

The project, which was launched in Walvis Bay, aims to establish a modern oil refinery and a 400-kilometre pipeline to transport refined petroleum products from the refinery to various parts of Namibia, including Walvis Bay, Swakopmund, and Windhoek.

Namibia - Namibia's President, Hage Geingob, expressed his gratitude towards Dangote Group for investing in the country and its people during the project launch. He highlighted the importance of the project in enhancing the country's energy security and reducing reliance on imports.

The President further emphasized that the project will create job opportunities for Namibians and boost the local economy.

Namibia - Dangote Group's Managing Director for Sub-Saharan Africa, Joe Makwela, emphasized that the project is aimed at improving the living standards of Namibians. He mentioned that the company is committed to ensuring the project benefits the local community and contributes to the country's economic growth.

The N$41.6 billion project is expected to be completed within the next five years and is expected to create 2,000 direct and indirect jobs during the construction phase and 200 permanent jobs once the project becomes operational.

Namibia - The Dangote Group's investment in the Dangote Namibia Tank Farm and Regional Pipeline project is set to benefit Namibia in multiple ways, including:

• Improving energy security by reducing the country's dependence on fuel imports
• Increasing the availability of refined petroleum products throughout Namibia
• Creating job opportunities for the local population
• Contributing to the country's economic growth

The N$41.6 billion project will see the construction of a modern oil refinery and a 400-kilometre pipeline that will transport refined petroleum products from the refinery to various parts of Namibia, including Walvis Bay, Swakopmund, and Windhoek.

Namibia - The Dangote Group's N$41.6 billion investment in the Dangote Namibia Tank Farm and Regional Pipeline project is set to bring about several benefits to the nation, including:

• Enhancing energy security by reducing the country's reliance on fuel imports
• Improving the availability of refined petroleum products across Namibia
• Generating job opportunities for local residents
• Contributing to the country's economic growth

The N$41.6 billion project will involve the construction of a modern oil refinery and a 400-kilometre pipeline that will transport refined petroleum products from the refinery to various parts of Namibia, including Walvis Bay, Swakopmund, and Windhoek.

<small>Source: AllAfrica — read the original story there.</small>