
Namibia–Botswana Refinery: The $4 Billion Question Investors Can’t Ignore
Quick Facts Investors Should Know Status: Exploratory, no signed FID, feasibility study, or EPC contract. Capex: Early industry estimates put a viable refinery in the US$3–5 billion range. Capacity: Reports of 60,000–100,000 bpd circulate, but NAMCOR analysis shows a bankable…