Namibia and Total Energy are still negotiating development terms for the Venus oil field, and the time remaining until the goal of first commissioning in 2030 is increasingly tight. Total Energy previously planned to approve the project in 2025 and said in April that it would complete the final investment decision this year, but negotiations with the country's government have yet to be completed. The Jinxing Oilfield development project will make Namibia one of the oil-producing countries for the first time. The project is expected to produce about 160,000 barrels of crude oil per day.

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