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International News Oil

Senegal’s Dependence on Nigerian Crude Highlights Domestic Refining Challenges

Senegal Relies on Nigerian Crude Despite Rising Local Oil Output — Dakar Refinery’s Supply Challenges Explained Senegal has emerged as a significant importer of Nigerian crude, highlighting a paradox in Dakar’s oil sector. Despite joining Africa’s league of oil-producing nations in 2024, Senegal still struggles to process its own crude oil efficiently. Industry data from energy analytics firm Kpler reveals that Senegal’s 30,000-barrel-per-day (kbd) Dakar Refinery is running predominantly on Nigeria’s Erha crude. Shipments have

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Local News Oil

Angola to Award 60 Oil and Gas Concessions by End of 2025

Angola Plans to Grant 60 Oil and Gas Blocks by 2025 to Boost Production Above One Million Barrels Per Day Angola is on track to award 60 oil and gas concessions by the end of 2025, driven by its multi-year licensing rounds and direct negotiation program. This move represents a significant step in Angola’s strategy to maintain production above one million barrels per day. At the African Energy Week: Invest in African Energies 2025, Alcides

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Local Mining Projects News

China’s Niobonga Launches Angola’s First Niobium Mining Project in Huila Province

Angola’s First Niobium Mine to Launch in Huila with $150M Investment by Niobonga The Chinese company Niobonga has secured a concession to mine niobium in the village of Bonga, within the Quilengues municipality of Huila province, Angola. The company has invested $150 million in the project, which is expected to produce 8,000 tons of ferroniobium and 150,000 tons of sulfuric acid per year. Exploration is slated to begin later this year, marking the first niobium

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International Gas News

Ethiopia Launches First LNG Project and $5 Billion in Energy Investments to Boost Industrial Growth

Prime Minister Abiy Ahmed Unveils Ogaden LNG Project, Fertilizer Plant, and Oil Refinery Worth $5 Billion Ethiopian Prime Minister Abiy Ahmed has inaugurated the first phase of the Ogaden Liquefied Natural Gas (LNG) Project in Calub, marking a major step toward the country’s long-term goal of energy independence and industrial expansion. The newly commissioned facility is designed to produce 111 million liters of natural gas annually and generate up to 1,000 megawatts of electricity. During

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International News Oil

Senegal to Build Second Oil Refinery as SAR Targets Energy Self-Sufficiency by 2029

Senegal Plans $2–5 Billion Second Refinery to Boost Oil Processing and Cut Imports Senegal plans to begin construction of a second oil refinery in 2026, aiming to expand domestic processing capacity and attract between $2 billion and $5 billion in new investment, according to Abib Diop, CEO of Société Africaine de Raffinage (SAR). Diop revealed that potential investors from China, Turkey, and South Korea have already submitted financing proposals for the project. The new refinery—informally

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Diamonds International News

Botswana Nears Duty-Free Diamond Deal with United States to Protect Economy

Botswana Closes in on Duty-Free Diamond Trade Agreement with U.S. Amid Tariff Pressures Botswana is close to securing an agreement with the United States that would allow its diamonds to be imported duty-free — a potential economic lifeline for the landlocked nation as it faces mounting pressure from U.S. tariffs that have strained its diamond-dependent economy. Speaking to the BBC about the ongoing trade discussions, President Duma Boko stated, “The negotiations are in an advanced

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International Gas News Oil

Africa’s Oil and Gas Sector Poised for Exploration Surge, Industry Leaders Say

Africa Oil and Gas Exploration to Surge with Advanced Data, Faster Permitting, and $54 Billion Investment by 2030 Africa’s oil and gas industry may be entering a new era of exploration, driven by advances in seismic imaging, frontier datasets, and streamlined permitting processes, according to industry leaders at Africa Energy Week (AEW): Invest in African Energies 2025. Emmanuelle Garinet, Vice President of Exploration Africa at TotalEnergies, pointed to Africa’s frontier basins as a key driver

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Oil Economy Local News

Economist Arsenio Bumba Urges Angola to Use Oil Revenues for Economic Diversification Before 2050

Angola’s Economic Future at Risk Without Strategic Diversification, Economist Warns Angolan economist Arsenio Bumba has issued a strategic warning about the country’s economic future, stressing that Angola has just 20 to 25 years to transform its oil revenues into sustainable economic diversification. Without decisive action, he warns, Angola risks facing a severe economic crisis after 2050, when global demand for oil is expected to decline sharply. According to Bumba, Angola’s proven oil reserves stand at

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Local News Technology & Innovation

Angola’s First Electric Vehicle Charging Station Opens at Kilamba Kiaxi

Sonangol Launches Angola’s First Electric Vehicle Charging Station at Kilamba Kiaxi to Drive Sustainable Mobility Angola’s journey toward sustainable mobility has taken a major step forward with the inauguration of the country’s first electric vehicle (EV) charging station. Opened by Sonangol at its Kilamba Kiaxi gas station in Luanda, the project is part of the company’s broader strategy to reduce carbon emissions, encourage technological innovation, and support the nation’s energy transition. According to Sonangol, the

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Local News Oil

Angola’s Oil Production Falls Below Target for Sixth Consecutive Month in August 2025

Angola Oil Production Drops to 1.03 Million Barrels per Day in August 2025 — Below Targets for Six Months Angola’s oil production continued to fall short of expectations in August 2025, averaging 1.03 million barrels per day and marking the sixth consecutive month of underperformance. According to the monthly report from the National Agency of Petroleum, Gas, and Biofuels (ANPG), Angola produced 32.07 million barrels in August, equivalent to an average of 1,034,655 barrels per

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