Will Namibia Become OPEC's Newest Member? [Yahoo! Finance]
TotalEnergies SE (TTE)
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Source: Yahoo! Finance
700,000 bpd in 2030—the first year of production per current plans. OPEC, it seems, will be only too happy to welcome it in the fold. OPEC has created "great value" in "ensuring that the dynamics of the market are controlled and managed in a sustainable manner," Namibia's Petroleum Commissioner Maggy Shino said at a recent online event, suggesting the southwest African nation would be happy to join the oil group. Reports said that the two had already started discussing Namibia's membership. Reuters, meanwhile, cited unnamed sources and the executive chairman of the African Energy Chamber as saying that OPEC very much wants Namibia to become a member. At first, the country could become a member of the OPEC Charter of Cooperation, these sources told Reuters, and then move on to full membership. Brazil joined the Charter of Cooperation earlier this year, the report recalls. According to the African Energy Chamber's NJ Ayuk, OPEC has started "a charm offensive" on Namibia. According
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