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Local News Oil

Higher Oil Prices Strengthen Angola and Nigeria’s Financial Outlook

Rising Oil Prices Boost Africa’s Leading Oil Producers Africa’s largest oil-producing countries are among the main beneficiaries of the recent increase in global oil prices, driven by heightened geopolitical tensions and escalating United States pressure on Iran. Countries such as Nigeria and Angola have recorded notable gains, particularly in their dollar-denominated sovereign debt. In recent trading sessions, debt securities issued by these oil-producing nations led market advances, reflecting improved investor sentiment. Angolan bonds maturing in

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Diamonds Local News

Angola Aims to Produce Over 16 Million Carats of Diamonds in 2026

Endiama Targets Record Diamond Production in 2026 After achieving diamond production of more than 15 million carats in 2025, Endiama has set ambitious targets for 2026, forecasting national output to exceed 16 million carats. The projection was announced by Ganga Júnior, Chairman of the Board of Directors of Endiama, during a press conference held on Thursday to present the company’s 2025 performance results and its strategic objectives for the current year. According to Angop, the

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Expos & Events Local News

Angola to Showcase Mineral Potential at Mining Indaba 2026 in South Africa

Angola Highlights Mining Investment Opportunities at Mining Indaba 2026 The Minister of Mineral Resources, Petroleum, and Gas, Diamantino Azevedo, will lead the Angolan delegation at the 32nd edition of the Mining Indaba, scheduled for February 9–12, 2026, in Cape Town, South Africa. According to a statement from the Ministry of Mineral Resources, Petroleum, and Gas (MIREMPET), the conference will adopt the theme “Together Stronger: Progress Through Partnerships”, emphasizing innovation, sustainability, investment attraction, and the future

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International News Oil Petroleum

Zambia and Tanzania Strengthen Petroleum Cooperation in High-Level Talks

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

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Local Gas News Oil

Angola Moves to Strengthen Offshore Oil and Gas Support with PAENAL Stake Sale

Angola to Sell Sonangol Stake in PAENAL to Boost Offshore Oil and Gas Services Angola has taken a decisive step to strengthen its offshore oil and gas support infrastructure by approving the sale of the State’s indirect shareholding in PAENAL – Porto Amboim Estaleiros Navais Limitada to a strategic and technological partner. According to Presidential Decree No. 368/25, published in the Official Gazette on December 31, 2025, the State’s participation in PAENAL, held through Sonangol,

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Local News Oil

Lobito Refinery Seen as Catalyst for Angola’s Energy Autonomy and Regional Growth

Angola’s Lobito Refinery to Boost Energy Independence and Drive Benguela’s Economic Transformation The Governor of Benguela Province, Manuel Nunes Júnior, has described the Lobito Refinery as a transformative project that will elevate Angola to a new level of energy autonomy while offering tangible hope and opportunity for the region’s youth. Speaking on Tuesday during a visit by President João Lourenço to the refinery’s construction site, Nunes Júnior said the project represents an anchor investment and

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International News Renewable Energy

Zambia Breaks Ground on 100 MW Siavonga Solar Project to Strengthen Power Supply

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

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International News Oil

Nigeria Launches 2026 Oil and Gas Licensing Round to Attract $10 Billion in Upstream Investment

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

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International News Oil

Uganda and Tanzania to Begin Crude Oil Exports via EACOP Pipeline in 2026

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

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International News Oil Petroleum

Cameroon’s Kribi Refinery Set for Early Start, Strengthening Domestic Fuel Supply

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

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