(MENAFN) An official said on Monday that oil-rich Namibia and Senegal have joined the African Petroleum Producers' Organization (APPO).
Andreas Simon, a spokesperson for Namibia's Ministry of Mines and Energy, told Xinhua that Namibia joined the African Petroleum Producers Organization (APPO) at the Council of Ministers Ordinary Session on November 4 in Luanda, Angola.
Senegal was also allowed to the meeting, while Venezuela was admitted as an observer member.
The 18-member group was founded in Lagos, Nigeria, 15 years ago. It is a forum for cooperation and coordination of efforts, collaboration, and information and expertise exchange among African oil-producing governments.
Total Energies and Shell, along with joint venture partners QatarEnergy and Impact Oil and Gas, revealed large oil finds off the Namibian coast earlier this year, with the Ministry of Mines and Energy estimating the discovery to be in the billions of barrels.
QatarEnergy, which owns 30% of the Venus X1 well and 45% of the Graff-1 well, stated in October that it wants to accelerate the development of the two oil wells.
Namibia has indicated that if the oil resources are discovered to be significant enough for economic exploitation, it will explore joining the Organization of Petroleum Exporting Countries.
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