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Namibia Terminates Major Oil Deal in Bold Sovereignty Move
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Namibia Terminates Major Oil Deal in Bold Sovereignty Move
In a landmark decision with far-reaching implications, Namibia has canceled a major offshore oil and gas exploration contract with a U.S. company, asserting greater control over its natural resources. The move, announced at a high-profile press conference in Windhoek, has been hailed as a watershed moment in Africa’s push for economic self-determination. A Rejection of “Exploitative” Terms Government officials cited an unfair profit-sharing mode…
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