Nigeria Surpasses OPEC Oil Production Quota as Crude Output Reaches Six-Year High

Nigeria’s Oil Production Hits 1.56 Million Barrels Per Day, Exceeding OPEC Quota After Six-Year Recovery Nigeria has exceeded its OPEC crude oil production quota after recording its highest oil output level in more than six years, according to data from the Nigerian Upstream Petroleum Regulatory Commission (NUPRC). The regulator reported that Nigeria produced an average of 1.56 million barrels of crude oil per day (bpd) in June 2026, surpassing its OPEC quota of 1.5 million

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South Africa Plans Major Expansion of Strategic Oil Reserves to Strengthen Energy Security

South Africa Proposes 60-Day Strategic Oil Reserve Plan to Protect Against Global Supply Disruptions South Africa is planning a major expansion of its strategic petroleum reserves for the first time in decades as the government seeks to strengthen the country’s energy security and protect against future global supply disruptions. The Department of Mineral Resources and Energy (DMRE) has proposed maintaining strategic fuel reserves equivalent to 60 days of national consumption under a draft policy released

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De Beers Suspends Production at South Africa’s Venetia Diamond Mine Amid Market Downturn

De Beers to Halt Venetia Diamond Mine Production for Two Years as Weak Demand Reshapes Industry De Beers has announced it will suspend production at its Venetia Mine in South Africa for two years as the company responds to the prolonged downturn in the global rough diamond market. The mine, South Africa’s highest-value diamond operation, will temporarily halt production as De Beers reduces costs and restructures its business ahead of its planned separation from parent

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DRC Chooses Mota-Engil for Lobito Corridor Railway Upgrade to Boost Copper and Cobalt Exports

DR Congo Approves Mota-Engil Partnership to Revamp Lobito Corridor Railway Linking Copper and Cobalt Mines to Global Markets The Democratic Republic of Congo has approved a partnership with Portuguese construction and engineering company Mota-Engil SGPS SA to rehabilitate a critical railway network that will strengthen the country’s access to global markets for copper and cobalt. The project forms part of the Congolese section of the Lobito Corridor, a strategic infrastructure route designed to connect mineral-rich

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Dangote Unveils Funding Plan for Major Kenya Refinery Project

Dangote Plans $17 Billion Kenya Refinery to Boost East Africa’s Fuel Security Dangote Industries is developing a financing strategy for a proposed $17 billion oil refinery in Kenya, a project that could become one of Africa’s largest refining investments and significantly reshape fuel supply across East Africa. The planned refinery is expected to have a processing capacity of up to 700,000 barrels per day and would supply refined petroleum products to Kenya and neighbouring regional

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Hengli Reduces Refinery Activity After Cancelling West African Oil Cargoes

China’s Hengli Cuts Refinery Operations After Cancelling West African Crude Purchases China’s Hengli Petrochemical has cancelled crude oil purchases, including cargoes from West Africa, and reduced refinery operations as the company adjusts its procurement strategy amid changing market conditions. The company cancelled purchases involving several million barrels of crude oil, including around 2 million barrels of West African crude, after previously securing supplies to support its refining operations in China. The move comes as Hengli

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Kosmos Energy Increases Jubilee Output After Successful Ghana Well Start-Up

Kosmos Energy Boosts Ghana Oil Production as New Jubilee Well Comes Online Kosmos Energy has increased production at Ghana’s offshore Jubilee oil field after bringing the J76 well online as part of its 2026 drilling campaign. The new well, the third completed in this year’s programme, began production in mid-June and is currently delivering around 20,000 barrels of oil per day on a gross basis. Kosmos said the well was developed using updated seismic data

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East Africa’s EACOP Pipeline Nears Completion Ahead of Uganda’s First Oil Exports

Uganda’s EACOP Pipeline Nears Completion as First Crude Oil Exports Targeted for 2026 Construction of the East African Crude Oil Pipeline (EACOP) is entering its final phase, with Uganda and Tanzania preparing for the start of crude oil exports through the cross-border project. The 1,443-kilometre heated pipeline will transport crude oil from Uganda’s Lake Albert Basin to the port of Tanga on Tanzania’s Indian Ocean coast, where it will be shipped to international markets.  Developers

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Eni and Libya’s NOC Begin Production From Sabratha Gas Compression Project

Eni Starts Gas Production From Sabratha Compression Project to Boost Libya’s Offshore Output Eni, in partnership with Libya’s National Oil Corporation (NOC) through the Mellitah Oil & Gas joint venture, has commenced hydrocarbon production from the Sabratha Compression Project, a major offshore development designed to extend production from the Bahr Essalam gas field. The project represents an important step in efforts to maximise recovery from the mature offshore field and maintain long-term gas production capacity

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DRC and Angola Central Banks Sign Cooperation Agreement to Deepen Financial Integration

DRC and Angola Central Banks Sign MoU to Boost Cross-Border Payments, Financial Integration and Trade The Central Bank of Congo (BCC) and the National Bank of Angola (BNA) have signed a memorandum of understanding (MoU) to strengthen financial and monetary cooperation between the Democratic Republic of Congo (DRC) and Angola, marking a significant step toward deeper regional economic integration. The agreement was signed on July 8, 2026, in Luanda by BCC Governor André Wameso Nkualoloki

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