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SUBSIDIARY NAME
ONSHORE NAMIBIA AND REFFINERY PROJECT
COUNTRY
Republic of Namibia
SECTOR/ INDUSTRY
OIL AND GAS
OWNERSHIP %
70% IIB-DG
ACQUISITION DATE
August 4, 2022
ACQUISITION VALUATION
950 MILLION
TOTAL ASSET VALUATION
9.50 BILLION
ENERGY-OIL-REFINERY-GAS
ONSHORE NAMIBIA AND REFFINERY PROJECT by SUPERSTAR INVESTMENT(pty)Ltd acquired on August 4, 2022.
INDUSTRIAL EXPLOITATION OF TWO OIL BLOCKS, NAMELY 2117 AND 2118, SITUATED ONSHORE IN THE WARTERBERG BASIN WITHIN THE JURISDUCTION OF THE REPUBLIC OF NAMIBIA AND CONSTRUCTION OF AN INDUSTRIAL OIL REFINERY.
