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International News Oil

Nigeria Expands Refining Capacity with New Refineries and Upgrades

Nigeria is making significant progress in boosting its crude oil refining capacity through new refinery projects and the rehabilitation of existing state-owned facilities. The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has issued licenses for three new refineries, expected to add 140,000 barrels per day (bpd) to the country’s refining capacity. The newly licensed refineries include: These projects align with Nigeria’s goal of reducing dependence on imported petroleum products and enhancing local refining capabilities.

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Oil International News

Chinese Firms Eye Nigeria’s Oil Sector Amid Strengthening Bilateral Ties

A total of 216 Chinese companies have expressed interest in investing in Nigeria, with 74 firms specifically targeting opportunities in the oil and gas sector, according to the Nigerian Upstream Petroleum Regulatory Commission (NUPRC). The Chairman of the House of Representatives Committee on Nigeria-China Relations, Jaafaru Yakubu, highlighted this development during a meeting with NUPRC Chief Executive Gbenga Komolafe. He noted that the surge in interest follows the recent signing of the Nigeria-China Relationship Agreement,

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Diamonds International News

Botswana Diamonds Secures Mining Permit for Thorny River Project

Botswana Diamonds (LON: BOD) has successfully secured a mining permit for its Thorny River project in South Africa’s Limpopo province, marking a significant step toward potential diamond production. Located near the depleted Marsfontein diamond mine, Thorny River has undergone extensive geological exploration, including geophysics, drilling, and bulk sampling. Early results indicate that the geology and grades at Thorny River are comparable to those at the past-producing Klipspringer mine to the west. Previously, Botswana Diamonds operated

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Local News Oil Petroleum

Angola’s Oil Production Set for Modest Growth in 2025 Forecasts Oxford Economics

Consultancy firm Oxford Economics forecasts that Angola will experience a slight increase in daily oil barrel production this year, building on a 4.1% rise in 2024, which saw production reach 1.176 million barrels per day. The firm projects a further 1% increase in 2025, bringing production to 1.187 million barrels per day, signaling continued modest growth in the medium term. In a detailed commentary on Angola’s oil sector, Oxford Economics analysts highlighted several factors that

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Oil Gas International News

Egypt Opens New Investment Opportunities in Oil and Gas Sectors

The Ministry of Petroleum and Mineral Resources (MoPMR) has announced a new round of investment opportunities, inviting bids for seven undeveloped fields in the Mediterranean Sea and six exploration blocks in the Gulf of Suez and Western Desert. This initiative is part of Egypt’s strategy to boost oil and gas output. The bidding process will be facilitated through the Egypt Upstream Gateway (EUG) platform, and bids will remain open until May 4, 2025. This announcement

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International News

Aksa Enerji to Launch First Turbine at Djeno Power Plant in Congo in March 2025

Turkish energy company Aksa Enerji is set to begin operations of the first 25 MW turbine at the Djeno Power Plant in the Republic of Congo by March 2025. This initiative aims to improve electricity access in a country where only about 50% of the population has power, with rural electrification rates as low as 12%. Currently, the country’s primary power source is the Centrale Electrique du Congo (CEC), a joint venture between Eni and

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International News Renewable Energy

AMEA Power Begins Construction on 50 MW Solar Project in Ivory Coast

Renewable energy firm AMEA Power has commenced construction on a 50 MW solar power plant in Bondoukou, Ivory Coast. The $60 million project marks the company’s first operational asset in the country and supports the national goal of increasing renewable energy’s share to 45% of the energy mix. Once operational, the plant will generate 85 GWh of clean energy annually, supplying electricity to 358,000 households and reducing carbon emissions by approximately 52,000 tons. The project

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Diamonds International News

Africa Produces 60% of the World’s Diamonds ADPA President Highlights Industry Challenges

Africa contributes 60% of global diamond production, the president of the African Diamond Producers Association (ADPA), Wiston Chitando, announced on Thursday in Luanda. Chitando, who also serves as Zimbabwe’s Minister of Mineral Resources, made the statement during the inauguration of ADPA’s new headquarters. He reaffirmed his commitment to advancing Africa’s diamond sector. He emphasized that Africa’s diamond industry remains strong despite global market challenges, particularly the rise of synthetic diamonds. “We are determined to move

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Gold Local News

Angola’s First Gold Refinery Nears Completion Inauguration Set for late 2025

Angola’s Minister of Mineral Resources, Petroleum, and Gas, Diamantino Azevedo, announced on Friday in Luanda that the Luanda Gold Refinery is expected to be inaugurated in the second half of this year, with 70% of construction already completed. Speaking after an inspection visit, Azevedo confirmed that the refinery—an investment of over $5 million—will initially create 35 jobs across various specialties. According to Endiama E.P., the minister highlighted that construction is progressing steadily, in line with

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Diamonds Local News

New Headquarters of the African Diamond Producers Association Inaugurated in Luanda

The headquarters of the African Diamond Producers Association (ADPA) was officially inaugurated in Luanda on Thursday by Angola’s Minister of Mineral Resources, Petroleum, and Gas, Diamantino Azevedo, and his Zimbabwean counterpart, Winston Chitando. According to Azevedo, the delivery of ADPA’s new headquarters fulfills the Angolan government’s commitment to providing suitable facilities for the association. “Today, we are formally handing over the ADPA headquarters, the result of joint efforts by three Angolan ministries, namely the Ministry

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