Cameroon’s Kribi Oil Refinery to Begin Partial Operations in 2026, Nearly Two Years Ahead of Schedule Cameroon’s Kribi oil refinery is set to begin partial operations in the second half of 2026, almost two years earlier than its originally planned start date of June 2028, marking a significant milestone in the country’s efforts to strengthen energy security. In its initial phase, the refinery is expected to process around 10,000 barrels of crude oil per day—approximately
TotalEnergies Agrees to Sell 10% Stake in Nigeria’s SPDC Asset to Vaaris After Failed 2024 Deal TotalEnergies has reached an agreement to sell its 10 percent non-operated stake in Nigeria’s onshore SPDC asset—now restructured as the Renaissance joint venture—to Vaaris, reviving its strategy to divest from mature onshore oil operations in the country. The deal comes after the collapse of a proposed sale last year to Mauritius-based Chappal Energies, which was blocked by Nigerian regulators
Cullinan Mine Unveils 42-Carat Type IIb Blue Diamond Valued at $40 Million A rare blue diamond weighing 41.82 carats has been discovered at South Africa’s historic Cullinan Mine, reinforcing the site’s reputation for producing some of the world’s most exceptional coloured diamonds. Industry experts estimate the stone could fetch $30–$40 million at auction. Petra Diamonds, which operates the mine approximately 20 miles east of Pretoria, described the find as a “type IIb blue diamond of
Zambia, Tanzania Agree on Fuel Supply Arrangements to Secure Petroleum Deliveries via TAZAMA Pipeline The Ministers of Energy of Zambia and Tanzania today held a high-level bilateral meeting in Dar es Salaam, reaffirming their long-standing partnership in petroleum cooperation and regional energy security. The engagement brought together senior government officials from both countries to deliberate on petroleum supply logistics, infrastructure management, and policy coordination, with a shared goal of ensuring a stable and reliable fuel
Zambia Launches $80 Million Siavonga Solar Project to Reduce Reliance on Hydropower Zambia has commenced construction of the 100-megawatt Siavonga solar power project, a key initiative aimed at strengthening the national electricity supply and easing pressure on hydropower generation, which has been affected by local and climate-related challenges. The $80 million project is being developed by JIGSCO Energy Corporation Limited, a joint venture between state-owned utility ZESCO and Jigsaw Investments, with Power China appointed as
Nigeria Opens 2026 Licensing Round Offering 50 Oil and Gas Blocks to Boost Upstream Investment Nigeria has officially launched its 2026 upstream licensing round, part of a broader strategy to tackle long-standing underinvestment in the country’s oil and gas sector and across Africa. The Nigerian Upstream Petroleum Regulatory Commission opened the tender in January, making 50 blocks available, including 19 shallow water blocks, 15 onshore blocks, 15 frontier blocks, and one deepwater block. The federal
ReconAfrica Raises C$32 Million to Expand Namibia Oil Project and Exploration in Angola and Gabon Reconnaissance Energy Africa Ltd (ReconAfrica), the Canadian-listed oil and gas company, has raised its fundraising target to C$32 million following strong investor demand. The company plans to issue approximately 33.7 million new units at C$0.95 each. Funds from the offering will primarily support ongoing development at the Kavango West 1X oil discovery in northeastern Namibia, preparation for additional drilling, and
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
