Metso Plans to Help Namibia Set Up Oil Refinery

Finland-based mining company, Metso, has expressed interest in helping Namibia in its endeavour to set up an oil refinery plant.

Metso’s Vice-President for Services Business Line, Timo Hanninen told Nampa in an interview that his company is willing and ready to help Namibia build up ‘the best possible crude oil project.’

Hanninen was among the business personalities that attended the Finland-Namibia Business Forum in Helsinki on Monday.

Metso is a supplier of technology and automation services to customers in the mining, construction, and oil and gas industries. The company is also known for its aanced automation solutions for pulp, paper and power generation.

Earlier this year, the Nigerian and Namibian governments proposed to construct a joint oil refinery to maximise co-operation in the energy sector.

The decision between Namibia and Nigeria was reached during a two-day state visit of president Goodluck Jonathan to Namibia at the invitation of his counterpart, President Hifikepunye Pohamba in March this year.

The refinery, which would be located in the Namibian harbour town of Walvis Bay, would be wholly privately-financed and will cost US$10 billion.

The two leaders urged the private sectors of both countries to work toward a speedy realisation of the joint oil refinery. Metso is listed on the Finland Stock Exchange.

“We heard that Namibia is planning to invest in establishing its own oil refinery, and Metso is also very much interested to help in building up the project’s specifications,” he said.

He explained that apart from building up the project, the company will also help the country to set up specifications and set up a service centre to educate the local people.

“To have the best refinery plant in the country, you will also need a well-skilled work force. You need to have highly educated people to run the refinery plant,” said Hanninen, adding that Metso has an extensive service portfolio which will take care of the plant’s life cycle and ensure that the customers are served in the best way possible.


Source : The Namibian