The Federal Government and the Republic of Namibia have proposed to construct a joint oil refinery to maximise cooperation in the area of energy.
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The decision was reached during the two day official visit of President Goodluck Jonathan to Namibia at the invitation of his counterpart, President Hifikepunye Pohamba.
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This is contained in a joint communiqué issued on the visit and made available in Windhoek, Namibia.
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It stated that the refinery, which would be located in Walvis Bay, would be wholly private financed.
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The two leaders urged the private sector of both countries to work toward a speedy realisation of the joint oil refinery.
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They commended the hosting of a business forum between the private sector stakeholders of both countries on the margin of the state visit.
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The leaders urged their respective private sector stakeholders to take the full advantage of the abundant business opportunities, to optimise trade and commerce between the two countries.
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