Interesting article ...

RUSSIAN Ambassador to Namibia, Nikolai Gribkov, said the forthcoming visit of Russian President, Dmitry Medvedev, to Namibia provides an ideal opportunity for the two countries to transform their political cooperation into strong economic and trade ties.

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Russia continues to show interest in Namibia’s oil and gas prospects. To that effect, a subsidiary company of a Russian company, Sintezneftegaz Namibia (Ltd), was granted an exploration licence to develop offshore and onshore oilfields in Namibia at block 1711 in the Namibe Basin.
“The company is still busy exploring and they have indicated that their area of exploration contains gas deposits that could be exploited at commercial level,” Gribkov said.

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