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Corporate News Local Oil

Angola’s $6.6bn Lobito Refinery Faces Financing Delays Amid Investor Uncertainty

Angola struggles to secure funding for $6.6 billion Lobito refinery as investor negotiations slow and regional participation remains unclear Angola’s planned $6.6 billion Lobito refinery is facing renewed financing uncertainty as discussions with regional and international investors progress more slowly than expected, raising concerns over the timeline for securing full financial closure. State-owned oil company Sonangol has said it has received no formal communication from Botswana regarding reported interest in acquiring a stake in the

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Transport and Logistics Local News

Sacomar Terminal Resumes Operations After Three-Year Closure

Angola’s Namibe Port Reopens Sacomar Terminal, Handles 26,420 Tons of Pig Iron for Export to Asia The Sacomar Mineral Terminal at the Port of Namibe has resumed operations after more than three years of closure, receiving a cargo vessel from China carrying 26,420 tons of pig iron destined for the Asian market. According to a statement from the Port of Namibe, the terminal’s reopening follows the construction of a new pier, inaugurated in October 2025.

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Local Gas Mining Projects News Oil

Diamantino Leads Strategic Energy and Mining Investment Mission to China

Angolan Minister Diamantino Azevedo Visits China to Secure Oil, Gas and Mining Investments and Advance Strategic Energy Projects Diamantino Azevedo has begun a working visit to China aimed at strengthening strategic cooperation and attracting new investment into Angola’s energy and mining sectors. According to a statement sent to ANGOP, the minister met on Monday (13) with Zhou Haibing, where both sides discussed ways to deepen economic cooperation in oil, gas, and mineral resources. The two

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Local Transport and Logistics

Flooding Disrupts Rail Traffic on Lobito Corridor, Halting Key Mineral Export Route

Severe Floods in Angola Suspend Lobito Corridor Rail Operations, Threatening Copper and Cobalt Exports from Central Africa Severe flooding in western Angola has forced the suspension of rail traffic along the Lobito Corridor, disrupting a critical export route for minerals from the region’s mining sector. The line operator, Lobito Atlantic Railway, reported that “significant damage” was sustained to railway infrastructure near the Halo River between Cubal and Caimbambo, approximately 140 kilometres southeast of the coastal

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Diamonds Economy Local News

Angola Diamond Production Rises 8% in 2025 as UAE Dominates Export Market

Angola Produces 15.19 Million Carats of Diamonds in 2025, with UAE Accounting for Nearly 80% of Exports Angola increased its rough diamond production by 8% year-on-year to 15.19 million carats in 2025, exceeding the national target of 14.8 million carats, a senior government official said on Tuesday. The United Arab Emirates accounted for nearly 80% of the country’s diamond exports during the year. According to government data, the United Arab Emirates represented 78.6% of Angola’s

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Local Economy Gold News

Angola to Launch First Gold Refinery as Part of Economic Diversification Strategy

Angola opens first gold refinery in 2026 to boost mining value, reduce reliance on oil and diamonds Angola, Africa’s second-largest oil producer, is set to operate its first gold refinery in the first half of 2026, signaling a push to diversify its economy and extract more value from mineral resources. The refinery, located in Viana near Luanda, has a processing capacity of approximately 20 kilograms per day. Construction and equipment installation have been completed, with

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Local Energy Gas Oil

Angola’s Energy Sector Rebounds in 2026 as $100 Billion Investment Pipeline Signals New Growth Cycle

Angola’s Energy Sector Enters New Growth Cycle as $100 Billion Investment Pipeline Takes Shape Angola has entered 2026 with a fundamentally reshaped energy investment proposition, driven by regulatory reforms, new infrastructure projects, and a strategic shift following its departure from the Organization of the Petroleum Exporting Countries in January 2024. The decision to exit the producer alliance removed production quotas that had capped output at roughly 1.11 million barrels per day, allowing operators to pursue

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Local Mining Technology & Innovation

Angola Establishes Technical Commission to Advance Digital Mining Licensing System

Angola Launches Digital Mining Registry to Streamline Licensing, Boost Transparency, and Attract Investment Angola’s Minister of Mineral Resources, Petroleum and Gas, Diamantino Azevedo, has appointed a Multidisciplinary Technical Commission to oversee the digitisation of the licensing process for mining activities in the country, marking a major step toward modernising the sector’s regulatory framework. The initiative includes the implementation of the Angola Digital Mining Registry System (CMA), designed to support Objective 37.1 of Angola’s National Development

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Local News Transport and Logistics

Angola Pushes Formal Cross-Border Trade Reforms with DR Congo

Angola Strengthens Border Trade Formalization with DR Congo Through Digital Systems and Regional Agreements Luanda — The formalization of cross-border trade between Angola and the Democratic Republic of the Congo (DRC) is being driven by strategic reforms aimed at modernizing border operations and improving trade efficiency, according to Rui Miguêns de Oliveira. Speaking at the 3rd DRC-Angola Economic Forum in Kinshasa, the minister said the reforms align with regional and international commitments, including the Southern

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Local News Transport and Logistics

U.S. Backs Lobito Corridor Concession as Strategic Project in Partnership with DRC

United States Prioritizes Mota-Engil Concession for DR Congo’s Lobito Corridor to Strengthen Critical Minerals Supply Chains The United States has identified the awarding of the concession for the Congolese segment of the Lobito Corridor to Mota-Engil as a priority initiative under its strategic partnership with the Democratic Republic of the Congo (DRC), signed on December 4, 2025. Speaking at the Powering Africa Summit in Washington, D.C. on March 19, 2026, Nick Checker, a senior official

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