Namibia, Nigoria joint oil refinery.

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The notoriously unstable price of oil is the main consideration for Nigeria and Namibia to set up a facility for processing oil, according to energy delegates from the two countries who have already had three meetings under the Namibia-Nigeria joint commission to advance the project. Both countries rely on imported refined petroleum products, which puts them at the mercy of roller-coaster OPEC prices.

Nigeria is a major producer of crude oil, while Namibia owns vast off-shore...

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