Namibia: Oasis Set To Build 600,000 BPD Oil Refinery Valued At N$30billion

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Namibia is set to host one of the biggest crude oil refineries in Africa after Dangote Refinery as Oasis Oil Refinery (Pty) Ltd has proposed a N$30 billion crude oil refinery outside Swakopmund.

The proposed 600,000 barrel per day capacity refinery would occupy between 100 and 250 hectares of open municipal land between the Swakop River plots and the railway line. Oasis consultant, Abraham Kanime, has begun engagement with community members.

Recently, he made a presentation on the project at a community engagement and confirmed that a full Environmental Impact Assessment is required. The project involves foreign partners, with government interest represented by Namcor.

Kanime said Swakopmund was selected largely because the site lies within a designated heavy-industrial zone with direct access to established road and rail links, proximity to the Port of Walvis Bay, and immediate coastal access for seawater abstraction.

“Namibia’s coastal position places it at a strategic point in the regional fuel-supply chain, especially for landlocked SADC countries that rely on Walvis Bay’s dry-port arrangements,” he said.

He added that a refinery at this location aligns with national industrialisation goals under Vision 2030 and the Harambee Prosperity Plan, while taking advantage of municipal land already earmarked for large-scale industrial development.


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