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Author: Makungu Coco

International News Oil

Tanzania and Uganda Target July 2026 for First Oil Exports via EACOP

East African Crude Oil Pipeline Nears Completion as Uganda and Tanzania Plan First Oil Shipment in July 2026 Tanzania and Uganda are preparing to launch their first crude oil shipment through the East African Crude Oil Pipeline (EACOP) by July 2026, following high-level talks between Tanzanian President Samia Suluhu Hassan and Ugandan President Yoweri Museveni. Officials from both countries confirmed that technical coordination is underway to finalize export readiness, including operational procedures and supporting infrastructure

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Local News Oil

Angola Exports 357 Million Barrels of Oil in 2025, Generating $24 Billion in Revenue

Angola Oil Exports Reach 357 Million Barrels in 2025 as China, India and Indonesia Lead Demand Angola exported 93.94 million barrels of crude oil in the fourth quarter of 2025, bringing total annual exports to 357.10 million barrels, according to the Ministry of Mineral Resources, Petroleum and Gas. The exports generated approximately $24 billion in revenue for the year. The figures were presented by Secretary of State for Oil and Gas José Barroso during a

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Local News Oil

Cabinda Refinery Nears Commercial Start-Up as Phase Two Expansion Advances

Cabinda Refinery Set to Supply Diesel and Jet Fuel from March as Gemcorp Plans $700M Expansion The Chief Executive Officer of Gemcorp announced in Luanda that the Cabinda Refinery is expected to begin supplying petroleum products to the market as early as March, following the completion of final performance tests. Speaking at the launch of Imbono, an integrated investment development platform, Marcelo Hofke said commissioning activities are nearing completion, with testing scheduled to conclude by

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Local Economy News Oil

Angola Seeks $70 Billion Oil Investment to Sustain 1 Million Bpd Output

Angola’s Oil Sector Attracts Over $14 Billion Annually, Plans $70 Billion Investment to Maintain Output Through 2030 Angola’s oil sector has attracted more than $14 billion in annual investment over the past three years, a significant increase from the approximately $8 billion per year recorded in 2019, according to the head of the National Agency for Petroleum, Gas and Biofuels (ANPG). ANPG President Paulino Jerónimo presented the results of the agency’s 2019–2025 cycle and outlined

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Corporate News Expos & Events Oil

Sonangol Showcases Critical Minerals Strategy at Mining Indaba 2026

Sonangol Highlights Critical Minerals and Lubricants Portfolio at Mining Indaba 2026 in Cape Town Angola’s state energy company, Sonangol, is participating for the first time in Mining Indaba 2026, taking place in Cape Town, South Africa. The company’s primary objective is to present its emerging mining projects, with a particular emphasis on critical minerals aligned with the global energy transition. In a statement, Sonangol said its participation reflects a strategic focus on research and prospecting

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Local News Oil

New Oil Discovery in Angola’s Block 15/06 Strengthens Lower Congo Basin Prospects

Angola Announces 500 Million Barrel Oil Discovery at Algaita-01 Well in Block 15/06 Angola’s National Agency of Petroleum, Gas and Biofuels (ANPG) has announced a new oil discovery at the Algaita-01 exploration well in Block 15/06, located in the Lower Congo Basin offshore Angola. Preliminary estimates indicate recoverable resources of approximately 500 million barrels. According to ANPG, drilling operations began on January 10 in water depths of 667 meters, approximately 18 kilometers from the FPSO

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International Corporate News Gas Oil

Petrosen to Invest $100m in Onshore Oil and Gas Exploration Drive

Senegal’s Petrosen Launches $100 Million Onshore Oil and Gas Exploration Campaign After Licence Revocations Petrosen, Senegal’s state-owned oil company, will invest at least $100 million this year to accelerate onshore oil and gas exploration, targeting new crude discoveries in underdeveloped inland basins. The programme follows regulatory reforms and the revocation of licences from operators that failed to advance seismic surveys or drilling activities. The government has signalled a tougher stance on inactive acreage as it

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International Corporate News Oil

Dangote Refinery Reaches Full 650,000 bpd Capacity, Begins Global Performance Validation

Dangote Refinery Hits Full 650,000 bpd Capacity, Launches 72-Hour Test Run with UOP The Dangote Refinery has reached its full operational capacity of 650,000 barrels per day (bpd), marking a significant milestone for the world’s largest single-train refinery. The company said the achievement follows the successful restoration and optimisation of its Crude Distillation Unit (CDU) and Motor Spirit (MS) production block. A 72-hour intensive performance test, to be conducted in collaboration with technology licensor UOP,

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International Economy Gold

Ghana Hits Record 6 Million Ounces of Gold in 2025 Amid Royalty Reform Debate

Ghana Gold Output Reaches Record 6 Million Ounces in 2025 as Royalty Overhaul Raises Industry Concerns Ghana produced a record six million ounces of gold in 2025, according to provisional industry data, cementing its position as Africa’s top gold producer. Figures released by the Ghana Chamber of Mines show that large-scale mining operations delivered 2.9 million ounces, unchanged from the previous year. The bulk of growth came from artisanal and small scale mining (ASM), which

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Diamonds Local News

Namibia Signs Luanda Accord as Global Diamond Bodies Join Natural Diamond Council

Namibia Joins Luanda Accord; India’s GJEPC and Dubai’s DMCC to Become Natural Diamond Council Members Namibia has formally signed the Luanda Accord, becoming the latest government to commit funding to support global marketing of natural diamonds through the Natural Diamond Council (NDC). The announcement was made during the second high-level meeting of the Luanda Accord, held at the 2026 Investing in African Mining Indaba in Cape Town. Established in June 2025, the accord seeks to

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