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Transport and Logistics Local News

Angola, IFC Deepen Cooperation on Lobito Corridor and Economic Diversification

Angola and World Bank’s IFC Align Strategies on Lobito Corridor and Private Sector Growth Projects under the Lobito Corridor master plan and Angola’s broader economic diversification agenda dominated a high-level interministerial round table held on Thursday in Luanda between members of the Angolan government and the International Finance Corporation (IFC), part of the World Bank Group. The closed-door meeting took place during the official visit of IFC Managing Director Makhtar Diop to Angola. Discussions also

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Local News

Angola Consults Stakeholders on Biofuels Bill to Attract Investment and Cut Emissions

Angola Advances Biofuels Bill to Promote Clean Energy Investment and Decarbonisation Angola’s Ministry of Mineral Resources, Petroleum and Gas on Monday gathered stakeholder contributions toward the drafting of a Biofuels Bill aimed at establishing an attractive legal and regulatory framework for both domestic and foreign investment. Speaking at the formal public consultation ceremony, Secretary of State for Oil and Gas José Barroso said the proposed legislation aligns Angola’s energy strategy with the country’s international climate

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International Gas News Oil Petroleum

Egypt Signs $6.5 Million Exploration Deal with UK’s Terra Petroleum

Egyptian General Petroleum Corporation Enters $6.5 Million Oil and Gas Deal with Terra Petroleum The Egyptian General Petroleum Corporation (EGPC) has signed a $6.5 million oil and gas exploration agreement with UK-based Terra Petroleum, marking the company’s first entry into the Egyptian energy market. Under the terms of the agreement, Terra Petroleum will drill three exploration wells in the Northwestern El Moghra concession in Egypt’s Western Desert. The company will also conduct comprehensive 2D and

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Infrastructure Energy International News Oil

Uganda Seeks Up to $2 Billion Vitol Financing for Oil and Energy Infrastructure

Uganda’s National Oil Company Targets $2 Billion Vitol Loan to Fund Refinery and Energy Infrastructure Uganda’s national oil company, the Uganda National Oil Company (UNOC), is seeking to secure up to $2 billion in financing from Vitol Bahrain EC, a subsidiary of global commodities trader Vitol, to support major energy and infrastructure projects, according to a senior official at the Ministry of Finance. Earlier this year, the Ugandan government signed an agreement with UAE-based Alpha

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International Exploration Mining News Oil

Somaliland Targets 2027 Start for Oil and Mineral Exploration

Somaliland Plans to Launch Oil and Mineral Exploration by 2027, President Irro Says Somaliland President Abdirahman Mohamed Abdullahi, widely known as Irro, has announced that the region expects to formally begin oil and mineral exploration by 2027. Speaking at the opening of the Somaliland Mining and Natural Resources Exhibition, President Irro said the region possesses significant untapped natural resources. He emphasized that the government is committed to developing these resources within a clear regulatory framework

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International News Oil

Libya Prepares for First Deepwater Exploration Well in Sirte Basin

Libya’s NOC Advances Plans for First Deepwater Drilling in Sirte Basin Offshore Block Libya’s National Oil Corporation (NOC) has announced preparations for the country’s first deepwater exploration well in the Sirte Basin, marking a potential shift toward offshore exploration that has long been discussed but never executed. While planning is well advanced, industry observers note that the true test will come once drilling operations begin. As part of the preparations, NOC’s Exploration and Drilling teams

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International News Oil

Nigeria Named Permanent Headquarters of African Petroleum Regulators Forum

Nigeria Emerges as Permanent Headquarters of AFRIPERF as NUPRC CEO Gbenga Komolafe Appointed Chairman The African Petroleum Regulators Forum (AFRIPERF), a coalition of oil and gas regulatory authorities across Africa, has selected Nigeria as its permanent headquarters and appointed the Chief Executive Officer of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Gbenga Komolafe, as its substantive chairman. The decision was reached during AFRIPERF’s inaugural Executive Committee meeting, which was held virtually on December 2, 2025.

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Transport and Logistics Local News

Lobito Atlantic Railway secures USD753 million to accelerate development in Angola

Lobito Atlantic Railway (“LAR”) announced it has secured USD753 million in financing from the US International Development Financial Corporation (DFC) and the Development Bank of Southern Africa (DBSA) to support the rehabilitation of the 1,300 km railway in Angola, which connects the Mineral Terminal at the Port of Lobito to Luau on Angola’s border with the Democratic Republic of Congo (DRC). The loan will enable upgrades to the railway’s track infrastructure, workshops, signalling systems, and

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Diamonds Local News

Angola Achieves 93 Percent Diamond Traceability to Strengthen Transparency and Governance

Angola Tracks 93 Percent of Diamond Production, Aiming for Full Traceability and Global Leadership Angola has successfully traced 93 percent of its diamond production, advancing its goal of promoting transparency, governance, and adherence to international best practices, the Angolan National Diamond Company, Endiama, announced on Tuesday. A statement from Endiama emphasized that diamond mining companies in Angola “have reached a significant milestone by ensuring that 93 percent of total production is now traceable.” This achievement

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Renewable Energy International News

Zimbabwe Advances Plans for Floating Solar Project on Lake Kariba

Zimbabwe to Build 600MW Floating Solar Power Plant on Lake Kariba to Tackle Energy Shortages Zimbabwe plans to begin construction of a floating solar power plant on Lake Kariba, the world’s largest man-made reservoir, as part of a renewed effort to address persistent electricity shortages and diversify its energy mix. Information Minister Jenfan Muswere said construction of the first phase of the 600-megawatt project is expected to start in the second quarter of 2026, according

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