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Local News Oil

Angola Allocates 37 New Oil Concessions as President Lourenço Stresses Energy Reforms and Diversification

President João Lourenço Highlights Angola’s Oil Sector Reforms and New Exploration Achievements In his State of the Nation Address to the National Assembly, marking the opening of the 2025–2026 parliamentary year, President João Lourenço highlighted the significant progress achieved through Angola’s ongoing oil sector reforms. The President underscored the successful implementation of the Oil Concession Allocation Strategy (2019–2025), which has already led to the allocation of 37 new oil concessions by the first half of

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International Energy News

IEA Urges Mozambique to Accelerate Clean Energy Access and Electrification

IEA Calls on Mozambique to Fast-Track Clean Cooking and Electrification Efforts The International Energy Agency (IEA) has urged Mozambique to accelerate access to clean energy for cooking and to advance national electrification efforts to improve living standards across the country. The recommendations were presented on Monday during the Energy and Climate Week of the Community of Portuguese Language Countries (CPLP), taking place in Maputo until Friday. In its analysis of Mozambique’s energy policy, the IEA

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Local News

Angola Launches National Space Agency to Drive Technological Independence and Innovation

President João Lourenço Inaugurates Angolan Space Agency to Advance National Space Program and Boost Technological Self-Reliance Angola has officially launched its National Space Agency, a major step toward advancing the country’s National Space Program and strengthening its role in the global space sector. President João Lourenço announced the creation of the agency during his State of the Nation Address on Wednesday. The new agency will operate under five key pillars: space infrastructure, training and promotion,

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International News Oil

UAE Blocks Sudanese Oil Shipments Amid Diplomatic Rift, Disrupting Regional Trade Flows

UAE Halts Sudanese Crude Oil Shipments Over Diplomatic Dispute, Impacting Fujairah and South Sudan’s Exports The United Arab Emirates (UAE) has reportedly blocked several Sudanese crude oil shipments, escalating a growing diplomatic rift between Abu Dhabi and Khartoum and disrupting a key source of revenue for Sudan’s military-led government. According to a report by the Financial Times, the UAE’s Ministry of Energy and Infrastructure imposed a blockade on cargo movements to and from Port Sudan

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Diamonds International News

Namibia’s Central Bank Governor Urges Extension of Royalty Discount to Support Namdeb Amid Diamond Market Slump

Johannes !Gawaxab Calls for Extended Royalty Relief for Namdeb as Global Diamond Prices Decline Namibia’s central bank governor, Johannes !Gawaxab, has called for an extension of the royalty discount granted to Namdeb to help the diamond miner navigate a prolonged global market downturn characterized by weak demand and a supply surplus. The diamond industry is facing mounting pressure from the growing popularity of lab-grown diamonds and a declining appetite for natural stones among younger consumers—factors

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International News Oil

Nigeria’s Lawmakers Probe Abandoned $35 Million Brass Modular Refinery Project

Nigeria’s House of Representatives Launches Investigation into Abandoned $35 Million Brass Modular Refinery over Mismanagement Allegations The House of Representatives has launched a new investigation into the abandoned $35 million Brass modular refinery project in Bayelsa State, amid growing concerns over mismanagement and stalled infrastructure in Nigeria’s vital oil and gas sector. The refinery, designed as a 2,000-barrel-per-day modular facility, was initiated by Atlantic International Refinery and Petrochemical Limited in partnership with the Nigerian Content

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International News Oil

Nigeria Slashes Oil Signature Bonus to Attract Investors and Boost Production to 2.5 Million BPD by 2027

Nigeria Cuts Oil Sector Signature Bonus from $100m to $10m to Spur Investment and Raise Output to 2.5 Million Barrels per Day by 2027 The Federal Government of Nigeria has significantly reduced the oil sector’s signature bonus—from about $100 million to $10 million—as part of efforts to drive crude oil production to 2.5 million barrels per day (bpd) by 2027. Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Gbenga Komolafe, announced the development

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International News Oil

Egypt Launches $5.7 Billion Plan to Drill 480 New Oil Wells by 2030

Egypt to Invest $5.7 Billion in 480 New Oil Wells to Boost Energy Production and Global Competitiveness Egypt has announced an ambitious $5.7 billion (E£271.59 billion) plan to drill 480 new exploratory oil wells over the next five years, aiming to reverse declining oil production and reinforce its position as a leading regional energy hub. According to the Ministry of Petroleum, the initiative will significantly enhance exploration and development efforts across multiple oil fields. The

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Renewable Energy International News

Nigeria Partners with China’s LONGi to Build 1,000 MW Solar Panel Manufacturing Plant

Nigeria Signs Agreement with LONGi to Establish 1 GW Solar Manufacturing Facility and Boost Local Renewable Energy Production Nigeria has signed a strategic agreement with LONGi Green Energy Technology Co. Ltd., China’s leading solar panel manufacturer, to establish a 1,000-megawatt (1 GW) solar equipment manufacturing plant in the country. The initiative aims to strengthen local production capacity and accelerate Nigeria’s transition toward renewable energy. According to Bayo Onanuga, Special Adviser to the President on Information

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International News Renewable Energy

Namibia Approves 3 GW Solar-to-Hydrogen and Ammonia Mega Project to Drive Clean Energy Exports

Namibia Greenlights 3 GW Solar Hydrogen Project in Erongo to Boost Renewable Energy and Ammonia Exports Namibia has officially approved a 3 GW solar-to-hydrogen and ammonia project in the Erongo region, marking a major step toward positioning the country as a leader in Africa’s renewable energy transition. Across the continent, nations are investing in large-scale renewable projects to diversify their energy mix and reduce dependence on fossil fuels. With vast, sun-drenched deserts and low population

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