East African Crude Oil Pipeline Set to Launch Uganda’s First Oil Exports, Boosting Regional Energy Trade Uganda and Tanzania are preparing to ship their first crude oil through the $5 billion East African Crude Oil Pipeline (EACOP) as early as October 2026, marking a major milestone for the region’s energy sector. The pipeline will provide Uganda with its long-awaited gateway to global oil markets while strengthening Tanzania’s role as a regional energy transit hub. The 1,443-kilometre
Dangote Refinery Deal with 20 Oil Marketers Falls Through, Fuel Imports Surge The Dangote Refinery’s pilot supply arrangement with 20 oil marketers, designed to distribute 600 million litres of fuel monthly, has reportedly collapsed. The deal, established in October 2025, aimed to streamline domestic fuel distribution by allocating approximately 30 million litres of gasoline per month to each selected marketer. According to anonymous sources, the breakdown of the agreement was primarily due to disagreements over
Cameroon’s Kribi Oil Refinery Targets Early Operations in 2026 to Cut Fuel Imports Cameroon’s Kribi oil refinery is on track to begin partial operations in the second half of 2026, nearly two years ahead of its original commissioning timeline. The project represents the country’s first major new oil processing facility in decades and is expected to significantly reduce reliance on imported fuel. The initial phase of the refinery is designed to process up to 10,000
Benin to Resume Offshore Oil Production in 2026 as Seme Oilfield Returns to Operation Oil production is set to resume off the coast of Benin for the first time in nearly three decades, as the West African nation prepares to bring the long-dormant Seme oilfield back into operation by the end of January 2026. The restart marks a significant milestone for a country that last produced crude in 1998, when low oil prices and technical
Heirs Energies Raises $750 Million Afreximbank Facility to Double Oil Output and Boost Gas Supply in Nigeria Nigeria’s efforts to rebuild domestic energy capacity received a significant boost after Heirs Energies secured a $750 million financing facility from the African Export-Import Bank (Afreximbank), marking one of the largest Africa-backed energy transactions concluded this year. The funding is expected to double the indigenous producer’s crude oil output to around 100,000 barrels per day and increase gas
Zambia Reaffirms Support for Lobito Corridor to Enhance Trade, Infrastructure, and Regional Integration Zambia has reaffirmed its strong commitment to the Lobito Corridor following an official visit by its Ambassador to Angola, His Excellency Rev. Dr. Elias Munshya, to the Port of Lobito in Benguela Province. The visit underscores Zambia’s ongoing efforts to strengthen cooperation along this strategic regional infrastructure initiative linking Angola, Zambia, and the Democratic Republic of the Congo. During a high-level meeting
De Beers Expands in India with Opening of Largest Forevermark Diamond Jewellery Store in Mumbai Diamond mining and jewellery group De Beers has opened a flagship store for its Forevermark Diamond Jewellery brand in Mumbai, reinforcing its long-term commitment to the fast-growing Indian luxury market. The 5,000-square-foot store is located at Crest Link in Khar West, a prime destination along Mumbai’s iconic Linking Road. The new flagship reflects Forevermark’s focus on Indian consumers seeking meaningful,
Luele Mining Sets Ambitious Diamond Production Goal, Boosts Sustainability and Social Development Luele Mining Company plans to produce more than nine million carats of diamonds in 2026, the company’s CEO, Romulo Mucase, announced while reviewing the firm’s first two years of operation. “We are preparing the mine to ensure a steady supply of ore and optimal operation of our processing plant, which now has two mills. We aim to extract over 12 million cubic meters
Angola Reports Progress on Mineral, Oil, and Gas Structuring Projects with Focus on Full Execution Angola’s Ministry of Mineral Resources, Petroleum and Gas has reported that the country has 16 structuring projects for prospecting and exploring mineral resources, but only 11 of these are currently active. The projects cover a range of minerals, including diamonds, iron, copper, phosphate, rare earths, lithium, and gold, with 68.75% in operation. The remaining five projects, representing 31.25%, are currently
Angola’s Mineral, Oil, and Gas Sector Focuses on Results-Driven Project Execution The Minister of Mineral Resources, Petroleum and Gas, Diamantino Azevedo, emphasized the central role of the sector in Angola’s economic development, economic diversification, investment attraction, and value creation. He highlighted that this responsibility requires a high level of professionalism, rigor, and a strong commitment to achieving results. Minister Azevedo made these remarks at the opening of the XII Meeting of the Advisory Council of
