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Local Diamonds Economy News

Angola Opens Sixth Diamond-Cutting Factory in Saurimo to Boost Local Diamond Value Addition

19, August, 202619, August, 2026

Angola Opens Sixth Diamond-Cutting Factory as Saurimo Strengthens Its Position as a Diamond Processing Hub Angola has strengthened its domestic diamond-processing industry with the inauguration of a new diamond-cutting factory in Saurimo, Lunda Sul Province, bringing the number of operational cutting facilities at the Saurimo Diamond Development Hub to six. The new facility, operated by Diarough Angola, was officially opened by Minister of Mineral Resources, Oil and Gas Diamantino Azevedo on Saturday, marking another step

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International Energy News Oil

Niger Plans $1.9 Billion Refinery to Strengthen Regional Energy Supply

19, August, 202619, August, 2026

Niger Plans $1.9 Billion Refinery as Country Targets West African Energy Hub Status Niger is planning a $1.9 billion oil refinery and associated petrochemical complex as part of efforts to expand its domestic refining capacity, increase value from its crude resources and strengthen its position in West Africa’s energy market. The proposed development would significantly expand Niger’s ability to process crude oil locally, reducing reliance on imported refined petroleum products while creating opportunities to supply

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International News Renewable Energy

Uganda Energises 24 MWp Ituka Solar Project in West Nile

19, August, 202619, August, 2026

Uganda Energises 24 MWp Ituka Solar Plant as West Nile Gains New Grid Power Uganda has taken a major step towards expanding renewable electricity supply in the West Nile region after the 24 MWp Ituka Solar PV project was energised and began feeding initial power into the national grid. Developed by AMEA Power through its subsidiary Ituka West Nile Uganda Limited, the project is located in Madi Okollo District and is expected to become the

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Corporate News Gas Local Oil

Chevron Makes New Oil and Gas Discovery Offshore Angola

19, August, 202619, August, 2026

Chevron Discovers Oil and Gas Condensate Offshore Angola in Block 0 Chevron has confirmed a new oil and gas condensate discovery offshore Angola, strengthening the company’s exploration programme in the country and adding to its portfolio of discoveries in the region. The discovery was made at the 105-4X exploration well in Block 0, located in Angola’s Lower Congo Basin. Chevron said the well encountered a hydrocarbon column of more than 600 metres, including over 90

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International Oil Petroleum

Zambia Approves New Pipelines to Strengthen Fuel Supply Security

18, August, 202618, August, 2026

Zambia Approves Tanzania and Namibia Fuel Pipelines to Strengthen Energy Security Zambia’s Cabinet has approved two major regional pipeline projects aimed at diversifying the country’s fuel supply routes, improving energy security and meeting growing petroleum demand. The projects are the Tanzania-Zambia Multi-Products Pipeline (TZMPP) and the Namibia-Zambia Refined Petroleum and Natural Gas Pipeline (NZPGP). The government has also approved a shareholding structure for the new Tanzania-Zambia pipeline. The projects are intended to reduce Zambia’s reliance

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Petroleum Local News Oil

Angola Faces Fuel Supply Crisis as Govt Moves to Address Shortages

18, August, 202618, August, 2026

Angola Faces Worrying Fuel Shortage as Rising Consumption Puts Pressure on Sonangol Angola is facing a fuel supply shortage, with rising domestic consumption putting increasing pressure on the country’s petroleum distribution system and state-owned oil company Sonangol. Minister of Mineral Resources, Petroleum and Gas Diamantino Azevedo acknowledged the situation, describing the shortage as a matter of concern. The government is working with Sonangol to address supply constraints and restore more stable fuel availability across the

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Local Exploration News Oil

Angola Authorises Study to Assess Oil Potential in New Exploration Areas

18, August, 202618, August, 2026

Angola Authorises Oil Potential Study as Government Targets New Exploration Areas Angola has authorised the hiring of a specialised consulting firm to assess the oil potential of new areas, as the country continues efforts to expand exploration and strengthen its long-term petroleum production base. The authorisation forms part of the government’s broader strategy to identify new hydrocarbon opportunities and attract investment into areas that could contribute to future oil and gas production. The consultancy will

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Local Energy News

Angola Awards 30-Year Northern Corridor Power Concession to Somagec

18, August, 202618, August, 2026

Angola Awards 30-Year Power Corridor Concession to Somagec for Electricity Exports to DRC Angola has awarded Somagec Energy Holding Limited (SEHL) a 30-year concession to develop and operate the Northern Corridor, a major electricity transmission project designed to enable power exports from Angola to the Democratic Republic of Congo (DRC) while strengthening electricity supply to Cabinda. The concession was approved through Presidential Decree No. 115/26 of July 2, 2026, and is being implemented under a

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Local Gas News Oil

Angola Confirms Oil and Gas Potential in Benguela Basin

18, August, 202618, August, 2026

Angola Confirms Oil and Gas at Katambi-2 Well in Benguela Basin Angola has confirmed significant oil and gas potential in the Benguela Basin following successful drilling and testing of the Katambi-2 appraisal well on Block 24. The results, announced by the National Agency of Petroleum, Gas and Biofuels (ANPG) and Sonangol Exploration and Production (Sonangol E&P), confirm the presence of high-quality hydrocarbon-bearing reservoirs and strengthen the prospects for developing Angola’s non-associated gas resources. Located about

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Corporate News International Oil

ExxonMobil Awards $1.1 Billion in Contracts for Mozambique’s Rovuma LNG Project

18, August, 202618, August, 2026

ExxonMobil Awards $1.1 Billion in Contracts as Mozambique’s Rovuma LNG Project Advances ExxonMobil and its Area 4 partners have awarded approximately $1.1 billion in pre-investment contracts for long-lead equipment for the Rovuma LNG Phase 1 project in Mozambique’s Cabo Delgado province, marking a significant step towards development of the major offshore gas project. The contracts cover critical upstream equipment, including subsea production systems, large-bore production valves and offshore line pipe required to develop natural gas

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