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Namibia has zero oil refineries. Every litre is imported, almost all through Walvis Bay. For 30+ years the state tried to own the trade through NAMCOR. It kept losing to the same thing, money: N$195m gone in 9 months (2008, Glencore) N$1.1bn owed to Gunvor (2024) N$7.2bn deal handed... show more
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