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Author: Makungu Coco

International Corporate News Oil

Dangote’s US$2.5 Billion Namibia Fuel Project Targets Southern African Markets

Dangote’s US$2.5bn Namibia Fuel Project Could Boost Zambia’s Supply Dangote Group has launched a planned US$2.5 billion fuel storage and regional pipeline project in Namibia, with Zambia among the markets expected to benefit from an expanded petroleum distribution network. The development, unveiled at Walvis Bay on 4 November, aims to strengthen fuel storage capacity and improve connections between the Atlantic port and inland Southern African markets. For Zambia, the proposed network could provide an additional

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International Gas News Oil

PetroNefertiti Makes Oil and Gas Discovery in Egypt’s Eastern Desert

PetroNefertiti Discovers New Oil and Gas Reservoirs in Egypt’s Eastern Desert as Production Growth Drive Accelerates PetroNefertiti has announced the discovery of new oil and gas-bearing reservoirs in Egypt’s Eastern Desert, providing a boost to the country’s efforts to increase hydrocarbon production and strengthen energy security. The discovery was made at the Lorcan-6 exploration well in the North Zeit Bay area, where production tests delivered encouraging results of 1,500 barrels of oil per day (bpd)

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International Corporate News Oil

Dangote Expands African Fuel Network with Major Namibia Storage and Pipeline Project

Dangote Launches $2.5 Billion Namibia Fuel Hub and Pipeline Project to Boost Energy Security Across Southern Africa Aliko Dangote, Africa’s richest businessman and owner of the continent’s largest refinery, has launched an ambitious expansion of his downstream energy footprint with the construction of a major fuel storage and distribution hub in Namibia. The $2.5 billion project is designed to strengthen fuel supply chains across southern Africa by improving the movement and availability of petroleum products,

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International Renewable Energy

Tanzania to Invest KSh204 Billion in Expansion of Shinyanga Solar Power Project

Tanzania Commits KSh204 Billion to Double Capacity of Shinyanga Solar Project to 200 MW The Tanzanian government is set to invest approximately KSh204 billion in the second phase of the Shinyanga solar power project, a major initiative aimed at strengthening the country’s electricity supply and supporting economic growth. The expansion project will add a further 100 MW of solar generation capacity, doubling the facility’s output and reinforcing Tanzania’s efforts to diversify its energy mix through

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Corporate News International News

QatarEnergy Expands Namibia Footprint with Stake in Chevron Offshore Block

QatarEnergy Acquires 25% Stake in Chevron’s Offshore PEL82 Licence as Namibia’s Oil Boom Gains Momentum QatarEnergy is expanding its presence in Namibia’s rapidly emerging offshore oil and gas sector after agreeing to acquire a 25% interest in Chevron-operated Petroleum Exploration Licence 82 (PEL82). Under the agreement, Chevron will retain a 55% participating interest in the licence, while Namibia’s national oil company, Namcor, and independent energy firm Custos Energy will each continue to hold 10% stakes.

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International News Oil

Mozambique Launches First ENH-Led Offshore Drilling Campaign

Mozambique’s ENH Launches First Offshore Drilling Campaign at Coral Norte Project in Rovuma Basin Mozambique’s state-owned oil and gas company, Empresa Nacional de Hidrocarbonetos (ENH), has reached a significant milestone in the country’s energy sector by participating directly in offshore drilling operations for the first time. The drilling campaign began on November 1 at the Coral Norte project in the Rovuma Basin, marking a new phase in ENH’s evolution from a state energy partner to

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Corporate News Local Oil

TotalEnergies Strengthens Angola Portfolio with Acacia-5 Oil Discovery and New Exploration Acreage

TotalEnergies’ Acacia-5 Discovery in Angola Set to Add 6,000 bpd as Company Expands Offshore Exploration Footprint French energy major TotalEnergies has announced a new offshore oil discovery in Angola, with the Acacia-5 find on Block 17 expected to add approximately 6,000 barrels per day to production within the coming months. The company, which operates Block 17 with a 38% stake, said it plans to bring the discovery online through existing capacity at the Pazflor floating

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Energy International News Oil

Ghana Makes Landmark Offshore Hydrocarbon Discovery as Energy Sector Expansion Gains Momentum

Ghana Records First Carbonate Reservoir Hydrocarbon Discovery Amid Push to Revive Oil Production and Expand Refining Capacity Ghana has achieved a significant milestone in its oil and gas industry with the country’s first-ever hydrocarbon discovery in a carbonate reservoir, opening a new frontier for exploration as it seeks to attract fresh investment and reverse declining production. President John Dramani Mahama announced the discovery during a conference in the Western Region, describing it as a breakthrough

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Local Economy Mining Oil

Angola Leverages Oil Windfall to Accelerate Economic Diversification

Angola Targets $2 Billion in Mining Investment as Oil Revenues Fuel Diversification Drive Angola is using stronger oil revenues to accelerate an ambitious economic diversification strategy aimed at reducing its dependence on crude exports and creating new growth engines across mining, agriculture, infrastructure, tourism, and manufacturing. Despite crude oil accounting for roughly 90% of the country’s export earnings, the government is channelling increased petroleum revenues into structural reforms and investment initiatives designed to expand the

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Local Diamonds Economy News

De Beers Deepens Commitment to Angola with Expanded Diamond Exploration Plans

De Beers Invests US$15 Million in Angola and Eyes Expanded Diamond Exploration Opportunities Global diamond giant De Beers has invested approximately US$15 million in Angola’s diamond sector and is seeking to expand its exploration activities as confidence grows in the country’s geological potential and investment climate. The company, one of the world’s leading diamond producers and explorers, is strengthening its presence in Angola through ongoing prospecting programmes aimed at identifying new diamond deposits.  The move

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