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Oil Gas International News

Algeria Commits $60 Billion to Expand Oil and Gas Sector While Boosting Renewable Energy

Algeria Announces $60 Billion Upstream Oil and Gas Investment, Aims to Add 3,200 MW of Renewables by 2030 The Algerian government has announced a $60 billion investment package to expand its upstream oil and gas operations, underscoring the country’s determination to leverage its vast natural resources while gradually integrating renewable energy into its national energy strategy. Speaking at the opening of the 13th Africa & Mediterranean Energy and Hydrogen Exhibition and Conference (NAPEC 2025) in

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Local News Transport and Logistics

DRC, Angola, Zambia, and EU Forge Strategic Alliance to Accelerate Lobito Corridor Development

DRC, Angola, Zambia, and European Union Partner to Boost Trade, Infrastructure, and Mining Value Chains Through Lobito Corridor On the sidelines of the Global Gateway Forum, the Democratic Republic of the Congo (DRC), Angola, and Zambia signed a landmark cooperation agreement with the European Union (EU) to accelerate the integrated development of the Lobito Corridor—a key initiative aimed at enhancing trade, transport infrastructure, and industrial competitiveness across Central Africa. The partnership was officially announced by

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International Gas News Oil

Strong Oil Discovery Potential Found in Tanzania’s Eyasi-Wembere Basin

A study conducted under the Strategic Eyasi-Wembere Project, aimed at exploring oil and gas in the East African Rift Valley, has revealed significant potential for oil discoveries in northern Tanzania. During a recent site visit to Karatu District in the Arusha Region, Dr. James Mataragio, Deputy Permanent Secretary in the Ministry of Energy, announced the promising results. Dr. Mataragio explained that the research, which began in 2015, has generated extensive data confirming the presence of

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International News Oil

Nigeria Deploys First Fully Owned FSO Vessel to Boost Bonny Crude Exports

Nigeria Strengthens Crude Export Infrastructure with 2.2 Million-Barrel FSO Cawthorne Offshore Bonny Nigeria has commissioned its first wholly owned Floating Storage and Offloading (FSO) vessel near the Bonny export terminal, marking a significant step in enhancing the country’s crude oil export capabilities. The development highlights the nation’s commitment to strengthening infrastructure in Africa’s top oil-producing economy. The FSO Cawthorne, with a storage capacity of 2.2 million barrels, is designed to streamline crude transportation from Oil

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International News Renewable Energy

Zambia Advances Toward 1,000 MW Solar Goal with Lifesong Northrise Project in Ndola

Zambia Boosts Renewable Energy Drive with 16 MW Lifesong Solar Power Plant in Copperbelt Province Zambia’s drive to generate 1,000 megawatts (MW) of solar power by the end of 2025 is gaining momentum, with the Lifesong Northrise 16 MW Solar Power Plant (Phase 1) in Ndola, Copperbelt Province, emerging as a key milestone in the nation’s renewable energy expansion. The privately led project is set to supply much-needed electricity to the national grid, easing Zambia’s

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Diamonds International News

Botswana Enforces 24% Local Ownership Rule for New Mining Projects

Botswana Introduces Mandatory 24% Local Stake in New Mining Concessions to Boost Local Investment and Value Addition Botswana has implemented a new regulation requiring mining companies to allocate a 24% ownership stake in all new concessions to local investors if the government opts not to purchase the shares itself, the Ministry of Minerals and Energy announced on Friday. The rule, which officially came into effect on October 1, marks a significant shift in Botswana’s mining

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International Mining Projects News

Ivory Coast Expands Mining Sector with 11 New Exploration Permits

Ivory Coast Grants 11 New Mining Permits to Boost Gold, Cobalt, and Copper Production Ivory Coast, the world’s leading cocoa producer, is expanding its mining ambitions by issuing 11 new exploration permits for gold, cobalt, copper, and other minerals. The announcement was made by government spokesperson Amadou Coulibaly following a recent cabinet meeting. The West African nation is positioning itself as a stable and investor-friendly mining destination, contrasting with neighboring countries like Mali, Burkina Faso,

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International News Oil

Senegal Plans $5 Billion Second Refinery to Close Fuel Gap and Boost Regional Energy Supply

Senegal Announces $5B SAR 2.0 Refinery Project to Achieve Energy Self-Sufficiency by 2029 Senegal is advancing plans to build a second oil refinery, a $5 billion project aimed at meeting rising domestic fuel demand, reducing reliance on imports, and positioning the country as a potential regional exporter. The proposed SAR 2.0 refinery would add 4 million tons of refining capacity per year by 2029. The project has attracted financing interest from China, Turkey, and South

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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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