Clasox Petroleum (PTY) LTD is a duly registered company in Namibia. Clasox Petroleum (PTY) LTD established a partnership with Plama Refinery (PTY) Ltd, one of Bulgaria’s largest and leading petroleum companies specializing in processing, refining, marketing and distribution of petroleum throughout Bulgaria. Clasox Petroleum (PTY) Ltd, hereinafter referred to as the proponent, intends to build a modern oil refinery in Walvis Bay, Namibia. The project will be carried out in two distinct stages, each of which will have a duration of approximately 12 months. Preliminary technical and marketing studies point to a viable project that has relevance across multiple sectors of the economy, as it aims to provide solutions to the country’s energy needs. It does not only target the Namibian market but also has great potential to supply the regional fuel demand. It is against this background that the JV has embarked on this opportunity to contribute towards energy self-sufficiency.