Namibia Blocks TotalEnergies-Petrobras Oil Deal and Tells the World: Our Rules or Nothing

2026-02-09 - 12:05

Key Points — Namibia’s government refused to recognize a deal in which France’s TotalEnergies and Brazil’s Petrobras each bought 42.5% of an offshore exploration license, saying the companies skipped the legally required approval process and told the ministry only minutes before going public. — The clash comes as Namibia — a small, deeply unequal nation