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Diamonds Local News

Angola’s Diamond Push Gains Momentum as New Mines Reshape the Industry

5, August, 20265, August, 2026

Angola Diamond Industry Targets Global Top Two by 2030 With New Mining Projects Angola is stepping up efforts to strengthen its diamond industry, targeting a rise to the world’s second-largest diamond producer by 2030 through increased investment, structural reforms and stronger transparency standards. The government says the ambition will be supported by strategic partnerships with international mining companies and the expansion of major projects that can significantly increase national output. The Luele mine in Lunda

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Local Economy News Oil

Angola’s Oil Revenue Surges to $8.91 Billion as Crude Exports Gain Momentum

5, August, 20265, August, 2026

Angola Oil Revenue Jumps 54.7% to $8.91 Billion in Second Quarter Angola generated $8.91 billion from crude oil exports in the second quarter of 2026, marking a sharp increase in petroleum revenues and highlighting the continued importance of oil to the country’s export earnings. The country exported 88.12 million barrels of crude during the quarter, according to Secretary of State for Mineral Resources Jaime Victor. Oil export revenue increased by 54.71% compared with the same

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International News Oil

Nigeria Bets $10.7 Billion on a Modular Refining Boom

5, August, 20265, August, 2026

Nigeria Targets $10.7 Billion in Modular Refinery Investment to Expand Refining Capacity Nigeria is emerging as a global hotspot for refinery development, with $10.74 billion in modular refinery investments expected to be deployed between 2026 and 2030 as the country accelerates efforts to expand domestic fuel production. According to Industrial Info Resources (IIR), Nigeria is expected to lead the world in new refinery construction during the period, with 24 grassroots refinery projects currently planned to

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International Corporate News Gas

Dana Gas Gains Momentum as Egypt Operations Return to Growth

5, August, 20265, August, 2026

Dana Gas Boosts Egypt Production as Drilling Success and Payments Strengthen Operations Dana Gas is seeing renewed momentum in Egypt after stronger production, successful drilling results and the full settlement of overdue receivables strengthened the company’s outlook for further investment. The UAE-based gas producer said it received an additional $21.5 million from the Egyptian Government, bringing all overdue receivables in the country to full settlement. The company also highlighted improved fiscal conditions, stronger government cooperation

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Corporate News International Oil

Shell Revives Namibia Exploration Plans After Strong Offshore Results

5, August, 20265, August, 2026

Shell Expands Namibia Offshore Exploration After Strong PEL 39 Oil Discovery Shell is reassessing its exploration strategy in Namibia following encouraging results from its offshore operations, renewing interest in the country’s highly prospective Orange Basin. The move signals a shift in the energy major’s outlook after earlier challenges raised questions about the commercial potential of some of its Namibian discoveries. Shell holds a 45% operating interest in Petroleum Exploration Licence 39 (PEL 39), alongside QatarEnergy

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International Corporate News Oil

Tema Oil Refinery Returns to Full Operations Independently

5, August, 20265, August, 2026

Ghana’s Tema Oil Refinery Resumes Full Operations After Processing 1 Million Barrels of Jubilee Crude Ghana’s Tema Oil Refinery (TOR) has returned to full operations, marking a significant step in the country’s efforts to strengthen domestic refining capacity and improve energy security. The state-owned refinery has successfully restored operations at its Crude Distillation Unit (CDU), following extensive refurbishment and turnaround maintenance. The restart is particularly significant because TOR has achieved the milestone without a financial

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Local Economy News Oil

Angola Targets Oil Production Growth Through New Upstream Strategy

4, August, 20264, August, 2026

Angola Targets 1.2 Million Bpd Oil Output as New Projects and Exploration Advance Angola is targeting a turnaround in oil production as the government steps up efforts to revive mature fields, accelerate new projects and expand exploration across the country’s offshore basins. Angola’s crude output has fallen from around 2 million barrels per day (bpd) in 2008 to approximately 1.03 million bpd in 2026, largely due to declining mature fields, ageing infrastructure and slower investment.

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International News Oil

Uganda’s Tilenga and Kingfisher Oil Projects Near Completion Ahead of First Oil

4, August, 20264, August, 2026

Uganda’s Tilenga, Kingfisher Projects Near 80% Completion as First Oil Approaches Uganda’s two major oil developments are nearing completion, with the Tilenga Project reaching 74% progress and the Kingfisher Project 79% complete as the country moves closer to its first commercial oil production. According to progress updates as of June 30, 2026, Tilenga has drilled 234 wells, exceeding the 170 wells required to begin production. Kingfisher has also advanced significantly, with its central processing facility

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International News Renewable Energy

Sun King Plans US$50 Million Investment to Expand Solar Access in Madagascar

4, August, 20264, August, 2026

Sun King to Invest US$50 Million in Madagascar Off-Grid Solar Expansion Off-grid solar company Sun King plans to invest up to US$50 million in Madagascar over the next five years, targeting the expansion of affordable electricity access to underserved households across the country. The investment is expected to support the rollout of solar home systems and help deliver 1.5 million new electricity connections by 2030, strengthening access to reliable power in communities beyond the reach

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International Corporate News Oil

Sintana Energy Advances Major Oil Discovery Offshore Namibia

31, July, 202631, July, 2026

Sintana Energy’s Namibia Oil Discovery Strengthens Orange Basin Potential Sintana Energy is advancing its position in Namibia’s rapidly emerging offshore oil province following major resource growth at the Mopane discovery in the Orange Basin. The company holds an indirect interest in Petroleum Exploration Licence 83 (PEL 83), where the Mopane discoveries were made in 2023 and 2024. The project is operated by Galp Energia. In March 2026, Galp upgraded Mopane’s gross 3C contingent resources by

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