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Local News Oil Petroleum

Angola Increases Diesel Price to 420 Kwanzas Amid Ongoing Fuel Subsidy Reforms

16, June, 202616, June, 2026

Angola Raises Diesel Price by 20 Kwanzas as Government Continues Fuel Subsidy Reform The price of diesel in Angola has increased by 20 kwanzas per litre, rising from 400 to 420 kwanzas, according to an announcement by the Institute for the Regulation of Petroleum Derivatives (IRDP). In an official circular, the regulator confirmed that while diesel prices have been adjusted upward, the prices of gasoline, kerosene, and gas remain unchanged. The IRDP noted that the

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Local Corporate News Oil

Equinor Acquires 30% Stake in Angola Offshore Block 16/21 in Strategic Exploration Entry

16, June, 202616, June, 2026

Equinor Enters Angola’s Offshore Block 16/21 With 30% Stake in Exploration Deal Norwegian energy company Equinor has acquired a 30% participating interest in Angola’s offshore Block 16/21, marking its official entry into the exploration asset through a partnership with operator TotalEnergies. The agreement was signed on June 11, 2026, in the presence of the National Oil, Gas & Biofuels Agency (ANPG). The transaction forms part of ongoing efforts to attract international investment into Angola’s upstream

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Diamonds International News

Gen Z Demand Surge Revives Interest in Natural Diamonds, Offering Relief for African Producers

16, June, 202616, June, 2026

Gen Z Drives US Natural Diamond Demand Recovery, Boosting Outlook for African Producers American consumers are showing renewed interest in natural diamonds, signaling a potential recovery for Africa’s diamond-producing nations after several challenging years marked by weakening prices and rising competition from lab-grown alternatives. According to De Beers’ latest US Diamond Acquisition Study, Generation Z consumers born between 1997 and 2012 is playing a central role in the resurgence. Although they represent 18% of the

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International Gold News

Mali’s Gold Mining Sector Delivers Record State Revenues in 2025 Despite Output Drop

16, June, 202616, June, 2026

Mali Gold Mining Revenues Hit Record $1.57 Billion in 2025 Despite Production Decline Gold mining companies operating in Mali contributed a record 888.5 billion CFA francs (approximately $1.57 billion) to the state in 2025, marking a 6.4% increase compared to 835.1 billion CFA francs in the previous year, according to Ministry of Mines data reviewed by Reuters. The West African nation hosts more than 15 industrial mining operations controlled by multinational companies, including Barrick Mining,

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International Corporate News Oil

Eni Enters Gambia Offshore Oil Exploration With New Deepwater Block A1 Licence

16, June, 202616, June, 2026

Eni Secures Offshore Exploration Licence in Gambia, Expanding West African Energy Footprint Italian energy major Eni has officially entered Gambia’s upstream oil and gas sector after securing an offshore exploration licence for Block A1, marking a significant expansion of its operations across West Africa’s emerging energy frontier. The company signed a petroleum exploration, development, and production licence agreement with the Government of The Gambia on June 5. The agreement was signed by the country’s Minister

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International Corporate News Oil

Dangote Refinery Increases Nigerian Crude Purchases Amid Global Oil Market Disruptions

16, June, 202616, June, 2026

Dangote Refinery Boosts Nigerian Crude Purchases as Iran Conflict Disrupts Global Oil Markets Aliko Dangote’s refinery is significantly increasing its purchases of Nigerian crude oil as geopolitical tensions linked to the Iran conflict continue to reshape global energy markets. The disruption in Middle Eastern supply routes has created new trading dynamics, positioning Africa’s largest refinery as a key beneficiary of shifting oil flows. According to market reports, including Bloomberg, the Dangote Petroleum Refinery has stepped

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International Renewable Energy

Egypt Targets 1GW of Industrial Solar Capacity Through New National Initiative

16, June, 202616, June, 2026

Egypt Launches Industry Solar Initiative to Install 1GW of Rooftop Solar Across Factories by 2028 Egypt is planning to install 1 gigawatt (GW) of solar photovoltaic (PV) capacity across its industrial sector over the next two years under a newly launched programme known as the Industry Solar Initiative. The initiative will support the deployment of rooftop solar systems on factories and industrial facilities nationwide. The programme is part of Egypt’s broader strategy to expand renewable

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International News Oil

Botswana Rejects Links to U.S.-Targeted Oil Tanker Amid Rising Global Flag Fraud Concerns

14, June, 202614, June, 2026

Botswana Denies Connection to Oil Tanker Hit by U.S. as Fake Ship Registrations Raise Alarm Botswana has distanced itself from an oil tanker targeted by the United States in the Persian Gulf, saying the vessel was falsely operating under its flag a case that highlights the growing global problem of maritime flag fraud and its impact on African nations. The controversy emerged after U.S. Central Command (CENTCOM) announced military action against the “Botswana-flagged” oil tanker

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Local Corporate News Exploration Oil

Afentra Expands Angola Exploration Push with Offshore and Onshore Projects

12, June, 202612, June, 2026

Afentra Advances Angola Oil Exploration as Rising Crude Prices Boost Development Plans Afentra is advancing both offshore and onshore exploration activities in Angola as the company seeks to expand production and grow its reserves in one of Africa’s leading oil-producing nations. According to CEO Paul McDade, higher global crude oil prices driven by tensions involving Iran and disruptions to shipping through the Strait of Hormuz are strengthening the company’s investment outlook in Angola, Sub-Saharan Africa’s

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Corporate News Diamonds International

De Beers Study Reveals Rising Demand for Natural Diamonds Driven by Gen Z and Personal Milestones

11, June, 202611, June, 2026

US Diamond Demand Shifts as Gen Z Fuels Growth in Natural Diamond Purchases, De Beers Reports Diamond producer De Beers has released new findings on US consumer behaviour in its latest US Diamond Acquisition Study, revealing that jewellery featuring natural diamonds remains the most desirable luxury choice among American consumers. The study, based on a survey of 18,500 women across the United States the world’s largest diamond market provides detailed insights into purchasing trends, motivations,

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