Angolan Mining Oil & Gas - Top Angolan News for Oil, Gas and Mining Industries

Alrosa Swings to $110 Million H1 Loss Amid Weak Diamond Market

28, August, 202628, August, 2026

Alrosa Swings to $110 Million H1 Loss as Weak Diamond Market and Strong Rouble Hit Earnings Russian diamond producer Alrosa has reported a net loss of 9.5-billion roubles ($110.1-million) for the first half of 2026, compared with a profit of 40.6-billion roubles in the same period last year. The world’s largest diamond producer said its performance was affected by weak market conditions, a stronger rouble, relatively high interest rates and inflation in Russia. Revenue, including

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International Corporate News Oil

Dangote Refinery Faces Rising Petrol Imports as 43% of Nigeria’s July Supply Comes From Abroad

28, August, 202628, August, 2026

Nigeria’s Petrol Imports Surge to 43% of Supply, Pushing Dangote Refinery to Export Surplus Fuel Nigeria’s Dangote Petroleum Refinery is increasing petrol exports as rising imports take a growing share of the domestic market, creating uncertainty over demand and leaving the $20 billion refinery with surplus fuel. Imported Premium Motor Spirit (PMS) accounted for approximately 43% of Nigeria’s petrol supply in July 2026, according to data from the Nigerian Midstream and Downstream Petroleum Regulatory Authority

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International Renewable Energy

Kamoa-Kakula Switches On 233MW Solar-Battery System for 24/7 Power

28, August, 202628, August, 2026

DRC’s Kamoa-Kakula Begins 24/7 Solar Power From 233MW Renewable Energy System The Kamoa-Kakula Copper Complex in the Democratic Republic of Congo (DRC) has begun receiving round-the-clock electricity from a 233 MWp solar farm and 526 MWh battery storage system, strengthening power security at one of Africa’s largest copper operations. The facility reached commercial operation on 12 August 2026 and is designed to provide at least 30MW of continuous electricity, including during periods when the solar

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International News Transport and Logistics

DRC President Reassures on $1.26 Billion Dilolo-Sakania Railway Concession

28, August, 202628, August, 2026

DRC Secures $1.26bn Railway Investment as Tshisekedi Clarifies Dilolo-Sakania Concession DRC President Félix Tshisekedi has reassured the public that the concession of the Dilolo-Sakania railway line will not privatise the state-owned railway company or create a monopoly, as the government moves to attract major investment to modernise the strategic rail corridor. Tshisekedi’s remarks follow the signing of a 30-year concession agreement between the DRC government and Mota-Engil Engenharia e Construção Africa S.A. on 26 August

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International News Renewable Energy

Central African Republic Inaugurates 50 MW Sakaï Solar-Storage Plant

26, August, 202626, August, 2026

Central African Republic Inaugurates 50 MW Solar Plant with Battery Storage to Boost Electricity Supply The Central African Republic (CAR) has inaugurated a 50 MW solar photovoltaic plant with 15 MWh of battery storage at Sakaï, southwest of the capital Bangui, marking a major step in the country’s efforts to expand electricity generation and improve grid reliability. Developed by UAE-based Global South Utilities (GSU), the facility features more than 80,000 solar panels and 156 inverters.

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International Corporate News Oil

Geoex MCG Expands Offshore Venezuela Seismic Programme into Frontier Areas

26, August, 202626, August, 2026

Geoex MCG Expands Venezuela Offshore Seismic Programme into Frontier Oil and Gas Areas Global subsurface data company Geoex MCG is expanding its offshore Venezuela programme, extending seismic acquisition into underexplored and frontier areas as the country seeks to unlock greater investment in its oil and gas sector. The expanded programme, announced in Houston, builds on Geoex MCG’s ongoing reprocessing of legacy seismic data and aims to provide a clearer picture of Venezuela’s offshore hydrocarbon potential.

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Corporate News International Oil

Chevron Signs Production-Sharing Agreement for Libya’s Sirte Basin Block

26, August, 202626, August, 2026

Chevron Signs Production-Sharing Deal for Major Oil Exploration Block in Libya’s Sirte Basin Chevron has signed a production-sharing agreement (PSA) with Libya’s National Oil Corporation (NOC), advancing the US energy major’s return to the country’s upstream oil and gas sector. The agreement covers Contract Area 106, an onshore exploration block in the Sirte Basin that Chevron won in Libya’s 2025 licensing round. The block was awarded to the company in February 2026. The PSA provides

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Local Gold

Angola Advances First Gold Refinery Towards End-2026 Launch

26, August, 202626, August, 2026

Angola’s First Gold Refinery Targets End-2026 Launch with 25kg Daily Capacity Angola is advancing the development of its first gold refinery, with commissioning and technical training now underway ahead of a planned launch by the end of 2026. Located at the Viana Industrial Park in Luanda, the 3,789.95-square-metre facility will have the capacity to process up to 25 kilograms of gold per day. It will include a refinery, laboratory and public assay office for testing

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Local News Transport and Logistics

Angola Secures €665 Million Financing for Luena-Saurimo Railway Project

26, August, 202626, August, 2026

Angola Secures €665 Million for Luena-Saurimo Railway Linking Mining Regions to Lobito Corridor Angola has authorised financing of up to €665 million to support construction of the 260-kilometre Luena-Saurimo railway line, a major infrastructure project designed to strengthen rail connectivity between eastern Angola and the Benguela Railway and Lobito Corridor. The financing is backed by three European export credit agencies UK Export Finance (UKEF), Poland’s KUKE and Dutch ECA Atradius with HSBC Bank arranging the

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International Corporate News Oil

Dangote Refinery Secures $1 Billion Backing Ahead of Planned IPO

26, August, 202626, August, 2026

Dangote Refinery Secures $1 Billion Backing Ahead of Planned $5 Billion IPO The Dangote Petroleum Refinery and Petrochemicals has secured US$1 billion in underwriting support ahead of its planned Initial Public Offering (IPO), strengthening the financing base for what could become one of Africa’s largest industrial listings. The programme comprises a completed and fully funded US$600 million private placement, alongside a further US$400 million underwriting commitment to support the planned IPO. The transaction was structured

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