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Local News Oil Petroleum

Angola Projects Oil Output of One Million Barrels Per Day in 2027 Budget Plan

5, November, 20265, November, 2026

Angola Targets One Million Barrels Per Day in 2027 as Oil Sector Remains Economic Backbone Angola expects crude oil production to average one million barrels per day in 2027, according to projections contained in the country’s proposed State Budget (OGE) for the year, underscoring the continued importance of the petroleum sector to national economic growth and public finances. The oil forecast reflects the government’s efforts to stabilise production levels amid the natural decline of mature

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Corporate News International Oil

Shell Secures Majority Offtake from Morocco’s $239 Million LNG Import Terminal

5, November, 20265, November, 2026

Shell Locks in Up to 75% of Morocco’s Planned $239 Million LNG Terminal Capacity Energy major Shell has secured rights to purchase up to 75% of the capacity from Morocco’s planned $239 million liquefied natural gas (LNG) import terminal, marking a significant step forward in the North African country’s efforts to strengthen energy security and diversify its power supply. The agreement positions Shell as a key commercial partner in Morocco’s expanding natural gas infrastructure strategy,

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Transport and Logistics Local News

Lobito Corridor Set to Transform Zambia’s Trade Routes and Create New Business Opportunities

5, November, 20265, November, 2026

Lobito Corridor Opens Multi-Billion-Dollar Opportunities for Zambian Businesses in Logistics, Mining and Agriculture The Lobito Corridor is emerging as one of the most significant infrastructure developments in Southern Africa, with the potential to reshape Zambia’s trade routes, unlock new export markets and create business opportunities across multiple sectors of the economy. The project, which aims to connect Zambia to Angola’s Port of Lobito on the Atlantic Ocean through an integrated rail and road network, is

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Local Oil Petroleum

Angola Moves to Digitise Fuel Sector with New Licensing and Distribution Tracking Systems

4, November, 20264, November, 2026

Angola’s Fuel Regulator Advances Digital Transformation to Improve Licensing, Monitoring and Fuel Distribution Angola is accelerating the modernisation of its downstream petroleum sector through a major digital transformation programme aimed at improving regulatory oversight, streamlining licensing procedures and enhancing the tracking of fuel distribution across the country. The country’s fuel regulator is developing new digital platforms that will allow operators to process licences electronically while providing authorities with improved visibility over the movement of fuel

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Local Energy News

Angola Strengthens Energy Partnership with China as Minister Pushes for Faster Project Delivery

4, November, 20264, November, 2026

Angola Seeks Deeper Energy Cooperation with China, Urges Acceleration of Strategic Power Projects Angola is seeking to deepen its long-standing energy partnership with China, with Minister of Energy and Water João Baptista Borges using an official visit to Beijing to call for the accelerated implementation of key projects aimed at expanding the country’s electricity infrastructure and improving energy access. During meetings with Chinese government officials, financial institutions and corporate leaders, Borges reaffirmed Angola’s commitment to

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Corporate News Diamonds International

Petra Diamonds Shares Suspended as Audit Delay Raises Market Concerns

4, November, 20264, November, 2026

Petra Diamonds Trading Halted in London After Delayed Audit of South African Operations Shares of Petra Diamonds were suspended from trading on the London Stock Exchange after the company failed to publish its audited annual financial results within the regulatory deadline, triggering action from the UK’s Financial Conduct Authority (FCA). The diamond producer, whose operations are concentrated in South Africa and Tanzania, said the delay stems from an ongoing review by its external auditors, particularly

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Local News Transport and Logistics

Tanzania and Angola Move to Link Indian and Atlantic Ocean Trade Corridors by Rail

31, October, 202631, October, 2026

Tanzania and Angola Advance Rail Partnership to Connect East and West African Trade and Mining Corridors Tanzania and Angola have agreed to strengthen cooperation on a landmark rail connectivity initiative that aims to link the Indian Ocean and Atlantic Ocean coasts, creating a strategic transport corridor for trade, mining exports and regional economic integration. The agreement focuses on connecting Tanzania’s Central Corridor and the Tanzania-Zambia Railway Authority (TAZARA) network with Angola’s Lobito Corridor, establishing a

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International Corporate News Oil

ExxonMobil Expands Stake in Mozambique’s Rovuma LNG Project Ahead of Final Investment Decision

31, October, 202631, October, 2026

ExxonMobil Raises Rovuma LNG Stake to 50% as Mozambique’s US$30 Billion Gas Megaproject Moves Closer to Approval ExxonMobil has strengthened its position in Mozambique’s Rovuma LNG development after increasing its stake in the project from 37.5% to 50% through a strategic asset swap with Italian energy major Eni. The transaction reinforces ExxonMobil’s commitment to one of Africa’s largest planned natural gas developments and comes as project partners prepare for a final investment decision expected before

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Local Economy News

Angola’s Economy Gains Momentum as Reforms and Investment Drive Stronger Growth

31, October, 202631, October, 2026

AfDB Sees Angola’s Growth Accelerating as Economic Reforms Boost Stability and Investment Angola’s economy is showing renewed strength, with growth accelerating on the back of structural reforms, higher investment and improved macroeconomic stability, according to the African Development Bank’s latest Economic Outlook for the country. The report highlights Angola’s continued progress in reducing its dependence on oil revenues while strengthening its fiscal position and creating conditions for more diversified economic growth. Despite global economic uncertainties

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Diamonds Economy Local

Angola Ranks Among the World’s Top Three Diamond Producers in 2025

31, October, 202631, October, 2026

Angola Becomes World’s Third-Largest Diamond Producer with 15.2 Million Carats in 2025 Angola has cemented its position as one of the world’s leading diamond-producing nations, ranking as the third-largest producer of natural rough diamonds in 2025 with an output of 15.2 million carats. The achievement highlights the continued growth of Angola’s mining sector and underscores the country’s increasing influence in the global diamond industry. According to figures released by the government, Angola trails only Russia

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