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Local News Oil

Angola Reinforces Measures to Curb Fuel Smuggling and Promote Sustainable Resource Management

Angola Intensifies Actions Against Fuel Smuggling as Government Targets Sustainable Resource Development The Angolan Government continues to prioritize the fight against fuel smuggling, implementing a range of measures designed to discourage this persistent practice. The assurance was given by the Minister of Mineral Resources, Petroleum and Gas, Diamantino Azevedo, who reaffirmed the Executive’s commitment to curbing the illegal flow of fuel across borders. According to the minister, fuel smuggling is largely driven by significant price

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International News Oil

Uganda’s $4 Billion Oil Refinery Project Gains Momentum with New Investment Deals

Uganda Secures New Investors to Advance $4 Billion Oil Refinery Project Uganda’s ambitious $4 billion oil refinery project is accelerating after the government signed new agreements that brought additional foreign investors on board. The development signals growing international confidence in Uganda’s emerging energy sector. The latest contracts are designed to advance construction plans and strengthen the refinery’s capacity to process domestically produced crude oil. Petroleum Minister Ruth Nankabirwa said the renewed investor support reinforces the

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Oil International News

Libya Advances Major Oilfield Bidding Round to Revive Energy Sector

Libya Nears Completion of First Oilfield Bidding Round in 17 Years to Attract Global Investment Libya is nearing the completion of a landmark bidding round for oilfield exploration, signalling a renewed push to attract foreign investment and revitalise its energy sector. The state-owned National Oil Corporation (NOC) confirmed that companies are expected to submit their offers in February. This marks Libya’s first bidding round in more than 17 years and includes 22 exploration and development

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Local Mining Projects News

Pensana Targets 1 Billion Tonnes at Angola’s Longonjo Rare Earth Project

Pensana Launches $11M Drilling Program to Expand Longonjo Rare Earths Resource Critical minerals company Pensana Rare Earths is preparing an $11-million drilling and metallurgical programme aimed at increasing the Joint Ore Reserve Committee (JORC)-compliant resource estimate at its Longonjo project in Angola to over one billion tonnes, potentially making it one of the world’s largest rare earths deposits. The programme, set to begin in early 2026, will include 25,000 metres of vertical core drilling to

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International News Oil Petroleum

Ghana Launches $12 Billion Oil Refinery as Part of $60 Billion Petroleum Hub

Ghana Breaks Ground on $12B Oil Refinery, Paving Way for West Africa Petroleum Hub Ghana has officially launched its $12 billion oil refinery project in Jomoro, marking the first phase of a larger $60 billion integrated Petroleum Hub. The megaproject is designed to complement Senegal’s New Oil Refinery Project, positioning West Africa as a major petroleum hub on the continent. The initiative includes constructing a 300,000-barrel-per-day refinery, a petrochemical plant, and extensive storage and port

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International Energy News

FutureCoal CEO Calls for Balanced, Pragmatic Approach to Australia’s Energy Debate

FutureCoal Urges Australia to Focus on Innovation and Reliability in National Energy Policy FutureCoal Chief Executive Michelle Manook has called on Australia to restore balance, honesty, and engineering-based reasoning to the national energy debate, warning that ideological positions are overshadowing practical solutions. Speaking at the National Press Club of Australia on 18 November, with her address released publicly the following day, Manook stressed that the Paris Agreement does not mandate a phaseout of fossil fuels.

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Local Mining Projects News

Angola to Fast-Track Mining Permits Amid Push for Investment

Angola Aims to Speed Up Mining Rights Approvals to Attract More Foreign Investment and Improve Sector Transparency Angola is preparing to shorten the timeframe required to award mining rights as part of a broader effort to attract greater investment into the country’s growing minerals sector. Minerals and Petroleum Minister Diamantino Azevedo said the National Agency of Mineral Resources (ANRM) must reduce bureaucracy, strengthen inspections, and accelerate the rollout of a digital mining registry to improve

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International News Oil

Zambia Approves Investor Licence for Ndola Oil Refinery Project

Zambia Approves $510 Million Oil Refinery Project in Ndola as ZDA Issues Investor Licence The Zambia Development Agency (ZDA) has issued an Investor Licence to China Zambia Petrochemical Energy Company Limited, paving the way for the launch of a USD 510.49 million oil refinery in Ndola, Copperbelt Province. The project, expected to create 454 jobs, will be developed through a Special Purpose Vehicle (SPV) partnership between the Industrial Development Corporation (IDC) and Xiang Xin Holding

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Local Gas News

Angola’s New Gas Project in Soyo to Be Inaugurated This Year

Soyo Gas Project Led by Azule Energy Set to Boost Angola’s Energy Supply and Industrial Growth The first non-associated gas project in Angola, under construction since October 2023 in Soyo, Zaire Province, could be inaugurated later this year, announced Minister of Mineral Resources, Oil and Gas, Diamantino de Azevedo, on Monday. The minister made the announcement following an inspection of the New Gas Consortium (NCG) plant, led by Azule Energy, confirming that the project is

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Diamonds News

Global Diamond Market Faces Caution Amid Synthetic Pressure and Price Challenges

2025 Diamond Market Sees Growth in Volume but Price Pressures Persist Amid Traceability Rules In 2025, the global diamond market remains cautious due to international regulations requiring verification of origin, traceability, and strict compliance measures. At the same time, synthetic diamonds are exerting significant pressure, with sales in the United States growing by approximately 84 percent, while their prices have dropped by around 90 percent. Although diamond production has doubled, the average price per carat

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