Angola to Launch Major Oil and Gas Licensing Round in Late 2025 Angola is preparing to launch its next oil and gas licensing round in the fourth quarter of 2025, offering exploration blocks in the Kwanza and Benguela basins. Minister of Mineral Resources, Petroleum and Gas Diamantino Azevedo announced the move during the Angola Oil & Gas Conference and Exhibition, emphasizing that it forms part of the government’s broader strategy to sustain national oil production
Angola Diamond Production Hits 10.7 Million Carats in 2025 as Country Aims for Record 14.8 Million Angola’s rough diamond production reached 10.7 million carats in the nine months to September, according to government data released on Friday, as the southern African nation pushes toward another record year for output. The country — already the world’s third-largest diamond producer behind Russia and Botswana — achieved a record 14 million carats in 2024 and is now targeting
African Development Bank Funds $14.5 Million Solar Project to Boost Zambia’s Renewable Energy and Cut Power Shortages The African Development Bank Group (AfDB) has approved a $14.54 million financing package to support the Garneton North 20-megawatt solar power project in Zambia’s Copperbelt Province — a key milestone in the country’s shift toward renewable energy and energy security. The financing includes $7.27 million from the Bank’s own resources and an equal amount in concessional funding from
Angola Secures International Support for $4.5B Zambia-Lobito Rail Corridor to Boost Copper Trade Angola sought $4.5 billion in funding to construct an ambitious rail link to Zambia’s copper-rich region, Transport Minister Ricardo Viegas d’Abreu said. Italy committed $320 million to the project, while the African Development Bank pledged $500 million, d’Abreu told reporters Wednesday on the sidelines of a conference in Luanda, Angola’s capital. He also noted that the Egyptian government had recently expressed interest
Libya Plans to Boost Crude Oil Production to 1.6 Million BPD by 2026 Amid Renewed Foreign Investment Libya is intensifying efforts to restore its crude oil production to 1.6 million barrels per day (bpd) by late 2026, according to the National Oil Corporation (NOC). Current output stands at approximately 1.38 million bpd, signaling steady progress toward the country’s pre-crisis production capacity. This target is part of a broader national initiative to revitalize Libya’s energy sector,
TotalEnergies’ East African Crude Oil Pipeline Nears Completion, Strengthening Uganda’s Energy Infrastructure The East African Crude Oil Pipeline (EACOP), led by TotalEnergies, is moving steadily forward after years of planning and development. The project is expected to enhance energy access across East Africa and significantly boost Uganda’s infrastructure and export capacity. By investing in this large-scale midstream project, TotalEnergies deepens its presence in the region’s energy landscape and supports Uganda’s long-term goal of reducing reliance
Nigeria Loses ₦366.2 Billion in Five Months as Port Harcourt Refinery Shuts Down Again Amid Accountability Concerns Nigeria’s Port Harcourt Refinery shutdown, which has cost the nation an estimated ₦366.2 billion in just five months, once again underscores the deep-rooted accountability crisis plaguing the country’s oil sector. Although the Nigerian National Petroleum Company Limited (NNPCL) claims the closure was due to “maintenance and sustainability assessment,” insider sources suggest the refinery never truly resumed operations. According
Libya Discovers New Oil Field in Sirte Basin as OMV Resumes Exploration After 13 Years Libya’s National Oil Corporation (NOC) has announced a significant new oil discovery in the Sirte Basin, located in central Libya. According to a statement published on the NOC’s official website, the find was made by the Libyan branch of Austrian energy company OMV, marking its first exploration success in the region. Preliminary test results indicate that the exploratory well is
Nigeria’s NNPC Moves to Restart Idle Refineries, Eyes Reduced Fuel Imports and Export Potential Nigeria’s state-owned oil company, NNPC Ltd, is engaging both technical and equity partners to restart three of its long-idle refineries, despite previous major investments that failed to restore operations, according to the company’s chief executive. With a combined processing capacity of 445,000 barrels per day, the refineries—when fully operational alongside the Dangote Refinery—could significantly reduce Nigeria’s reliance on imported fuel and
Angola Earns $6.2 Billion from Oil Exports in Q3 2025, Down 22% from Last Year Luanda, Angola — Angola earned US$6.2 billion from crude oil exports in the third quarter of 2025, marking a 22.24% decline compared to the same period in 2024, according to data released on Thursday by the Ministry of Mineral Resources, Oil and Gas. The report revealed that Angola exported approximately 91 million barrels of crude oil between July and September
