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Shell’s N$7.5 Billion Write-Down Not an Industry Setback, Analysts Say

  Justicia Shipena, David Shoombe, and Rudolf Iyambo   Oil and gas analysts believe that Shell’s N$7.5 billion ($400 million) write-down of its offshore Block PEL39 does not signify a setback for Namibia’s burgeoning oil sector. Shell recently announced the write-down, citing the block’s commercial…

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