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Shell writes down Namibia oil discovery in blow to country

Hope dashed
Shell told Reuters that discovered oil and gas resources in offshore block PEL39 in Namibia "cannot currently be confirmed for commercial development."
Ron Bousso
Shell will write down around $400 million over an oil discovery offshore Namibia that it deemed commercially unviable in a blow to the southern African country's efforts to become
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Allgemeine Zeitung 2025-01-10

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