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Category: International

International Gas News Oil

Uganda, Tanzania, and Zanzibar Sign Landmark Oil and Gas Cooperation Agreement

Uganda has signed a trilateral agreement with Tanzania and Zanzibar to strengthen regional cooperation in regulating the oil and gas sector. The move supports Uganda’s goal of producing its first oil by 2026, even as uncertainty persists over the timeline for its long-delayed refinery project. The agreement unites Uganda’s Petroleum Authority, Tanzania’s Petroleum Upstream Regulatory Authority (PURA), and the Zanzibar Petroleum Regulatory Authority (ZPRA) in a coordinated effort to enhance petroleum development across East Africa.

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Corporate News Gas International Oil

QatarEnergy Enters Algerian Upstream Market with Strategic Exploration Win

QatarEnergy has secured exploration rights for oil and gas in Algeria, marking its entry into the country’s upstream sector through the 2024 Algeria Bid Round. The announcement was made by ALNAFT, Algeria’s national agency responsible for hydrocarbon resource management. The Ahara Block was awarded to a consortium comprising QatarEnergy (24.5%), TotalEnergies (24.5%, also designated as the operator during the exploration phase), and Algeria’s state-owned Sonatrach (51%). QatarEnergy’s President and CEO, H.E. Mr. Saad Sherida Al-Kaabi,

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International News Renewable Energy

Nigeria and Germany Launch €20 Million Renewable Energy Partnership

Nigeria and Germany have entered into a €20 million partnership aimed at accelerating Nigeria’s transition to renewable energy and supporting its broader clean energy objectives. The initiative will be implemented through the KfW Development Bank in collaboration with the Africa Enterprise Challenge Fund, according to the Nigerian Ministry of Budget and Economic Planning. This partnership features an initial €20 million grant and a formal project agreement focused on promoting environmentally sustainable development across Nigeria. The

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Corporate News Diamonds International

Alrosa Uncovers Diamond Smuggling Ring Involving Employee and Armenian Accomplices

Russian diamond miner Alrosa has uncovered an internal smuggling scheme in which an employee allegedly swapped low-value diamonds for higher-quality stones and sold them to Armenian smugglers. According to a company statement released Monday, Alrosa’s internal security team, in collaboration with Russia’s Federal Security Service (FSB), caught a diamond sorter in the act of attempting to smuggle a batch of rough diamonds valued at RUB 1.9 million ($24,153). The intercepted batch weighed approximately 250 carats.

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Diamonds International News

Russia Maintains Lead in Global Rough Diamond Production Value in 2024

Russia held onto its position as the world’s leading producer of rough diamonds by value in 2024, maintaining the top spot it secured for the first time in 2023, ahead of Botswana. Despite facing significant challenges—including ongoing sanctions from the United States and European Union, as well as a broadly weakened diamond market—Russia sustained its rough-diamond output at 2023 levels. The country produced 37.3 million carats in both 2023 and 2024. However, due to market

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Corporate News International Oil Partnerships

Eni Rovuma Basin and AICS Partner to Boost Community Development in Mozambique

Eni Rovuma Basin has signed a Letter of Intent (LoI) with the Italian Agency for Development Cooperation (AICS) to strengthen their collaboration in enhancing the well-being of communities across Mozambique. The partnership will explore cooperation in several key areas, including agriculture and rural development, the environment and blue economy, technical and vocational education and training (TVET), food security and nutrition, water, sanitation and hygiene, and community health. The agreement reflects a shared commitment by Eni

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Corporate News International Oil

Mozambique Remains Optimistic as TotalEnergies Eyes LNG Project Restart

Mozambique’s Energy Minister Estevão Pale said on Friday that the government has not yet received an official request from TotalEnergies to lift the force majeure on its $20 billion liquefied natural gas (LNG) project, but he remains optimistic about the oil major’s plans to resume development this summer. Speaking to reporters in Tokyo after a meeting with Japan’s Industry Minister Muto Yoji, Minister Pale said the force majeure will be lifted once the project operator

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Corporate News International Oil

Aliko Dangote Eyes Namibia for Next Phase of Pan-African Investment Expansion

Billionaire industrialist Aliko Dangote is considering Namibia as a new frontier for his conglomerate’s expanding investment portfolio. Fresh from completing what he described as the world’s largest oil refinery, Dangote hinted at potential future investments in the southern African nation during a high-level meeting with President Netumbo Nandi-Ndaitwah in Windhoek this week. The visit signals a continuation of the Dangote Group’s broader strategy to expand its footprint across the African continent. Already active in over

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International Corporate News Oil

TotalEnergies Set to Resume $20 Billion Mozambique LNG Project This Summer

TotalEnergies plans to restart development of its $20 billion liquefied natural gas (LNG) project in Mozambique this summer, according to Chief Executive Patrick Pouyanné. He made the announcement during a session at the Japan Energy Summit in Tokyo on Wednesday. The project has been under force majeure since 2021 due to insurgent attacks in the region. It involves the development of the Golfinho and Atum natural gas fields in the Offshore Area 1 concession, along

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International Corporate News Renewable Energy

Zambia Welcomes Major Solar Investment from China’s LONGi Green Energy

The Zambian Government has welcomed a major renewable energy investment from Chinese solar technology giant LONGi Green Energy Technology Co., which plans to develop a 100-megawatt (MW) solar power plant in Zambia. Scheduled to become operational by December 2025, the project marks the first phase of a broader plan to scale up to 200MW—offering a substantial boost to Zambia’s renewable energy sector. The announcement was made during a courtesy visit by LONGi executives to the

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