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International News Oil

Nigeria Strengthens Oil Leadership with Awodi-07 Discovery and Dangote Refinery Boost

Nigeria Confirms Awodi-07 Oil Discovery as Dangote Refinery Transforms Domestic Energy Market Nigeria’s oil sector has received a significant boost following a new discovery at the Awodi-07 appraisal and exploration well in the western Niger Delta, reinforcing the country’s position as Africa’s leading oil producer. The well, drilled by Chevron Nigeria Limited (CNL) under its joint venture with NNPC Limited, is located in shallow offshore acreage and confirmed hydrocarbons across multiple reservoir zones. NNPC spokesperson

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International News Oil

Libya Secures $20 Billion Energy Investment to Revive Oil Sector and Challenge Nigeria’s Lead

Libya Signs $20 Billion Deal with TotalEnergies and ConocoPhillips to Boost Oil Production by 850,000 BPD Libya, Africa’s largest holder of proven oil reserves, has secured a landmark $20 billion investment from US and French energy giants in a 25-year agreement aimed at revitalizing its oil sector and potentially positioning the country as Africa’s top oil producer. The deal, executed through Waha Oil Company, a subsidiary of Libya’s state-run National Oil Corporation (NOC), involves TotalEnergies

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Diamonds Local News

GIA Explores Certification Partnership for Angolan Diamonds

GIA Eyes Certification of Angolan Diamonds as U.S. Interest in Angola’s Diamond Sector Grows Angola’s diamond industry is attracting growing interest from the United States, with the Gemological Institute of America (GIA) signalling its intention to collaborate on the certification of diamonds produced in the country. The initiative could strengthen Angola’s position in the global diamond market while supporting local economic development. During a visit to diamond sector infrastructure in Lunda Sul Province, a GIA

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International News Oil

GNPC Explorco Prepares to Launch Oil Exploration in Ghana’s Northern Region

GNPC Explorco to Begin Crude Oil Exploration in Ghana’s Voltaian Basin in 2026 GNPC Explorco, the exploration and production subsidiary of the Ghana National Petroleum Corporation (GNPC), is preparing to commence crude oil exploration in Ghana’s Northern Region as part of a broader strategy to expand the country’s energy sector and support economic growth. The planned exploration will focus on the Voltaian Basin, which covers large parts of the Northern Region and is widely believed

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Local Economy News Oil

India Deepens Shift Away from Russian Oil with Increased Crude Purchases from Angola

Indian Oil Buys Angolan Crude as India Accelerates Move Away from Russian Oil Supplies India’s largest refiner, Indian Oil Corporation (IOC), has purchased about two million barrels of crude oil for March delivery as it accelerates a strategic shift away from Russian supplies and deepens sourcing from Africa, the Middle East, and Latin America. The purchases underscore Angola’s growing importance in India’s crude import mix, helping New Delhi reduce its reliance on Russian oil amid

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Local Economy News

Angola Opens First Operational Vehicle Assembly Plant in Drive to Revive Manufacturing

Angola Launches First Vehicle Assembly Plant as Opaia Group Moves to Cut Import Dependence Angola has taken a significant step towards rebuilding its industrial base with the opening of its first fully operational vehicle assembly plant, signalling renewed efforts to reduce the country’s heavy reliance on imported cars and buses. The facility, officially launched in Luanda by the privately owned Opaia Group, marks the return of vehicle production to the oil-rich southern African nation after

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Diamonds Economy Local News

Angola’s Polished Diamond Exports Surge in 2025 Despite Global Price Pressures

Angola Polished Diamond Exports More Than Double in 2025 as Volumes and Revenues Rise Angola’s polished diamond exports more than doubled in 2025, recording strong growth in both volumes and total export value despite a decline in average prices, according to a statement released by the country’s national diamond trading company, Sodiam, on January 26. Sodiam reported that between January 1 and December 31, 2025, Angola exported 23,300 carats of polished diamonds at an average

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Local Governance News

Zambia’s Ambassador Attends Angola Diplomatic New Year Ceremony, Strengthening Bilateral Ties

Zambia Ambassador in Angola Attends Diplomatic New Year Ceremony, Boosts Regional Cooperation Zambia’s Ambassador to the Republic of Angola, His Excellency Reverend Dr. Elias Munshya, attended the New Year Greetings Ceremony of the Diplomatic Corps hosted by Angolan President João Lourenço in Luanda. The ceremony, held at the Protocol Complex of the Angolan Presidency, brought together members of the diplomatic community accredited to Angola. During the event, President Lourenço reaffirmed Angola’s commitment to peace, regional

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Diamonds Gold International Mining Projects News

Botswana Diamonds Secures New Licences to Expand into Copper and Gold Exploration

Botswana Diamonds Enters Copper and Gold Exploration with 7,000 km² of New Licences in Botswana AIM- and BSE-listed Botswana Diamonds has announced the award of eight prospecting licences covering approximately 7,000 km² in north-western Botswana, marking a potential entry into the copper and gold sectors. The licences, which are valid until December 31, 2028, were selected following an extensive AI-driven assessment of the company’s Botswana-focused exploration database, which spans about 95,000 km². The analysis incorporated

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Diamonds International News

Botswana’s Diamond Stockpile Swells as Low Prices Weigh on Economy

Botswana Diamond Stockpile Nearly Doubles Target Level Amid Prolonged Price Slump Botswana’s diamond stockpile has grown to nearly double its target inventory level as persistently low prices continue to limit production growth, constraining the country’s ability to stimulate economic activity in the short term, the finance ministry has said. According to the ministry, Botswana’s economy is expected to contract by almost 1% in 2025, following a 3% decline in 2024, largely as a result of

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