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International Diamonds Economy Mining Oil Partnerships

Botswana Deepens Economic Diversification with New Mining, Energy and Infrastructure Deals with Oman

Botswana signs strategic mineral, oil, and renewable energy agreements with Oman to diversify economy beyond diamonds Botswana has signed a series of agreements with Oman aimed at strengthening cooperation in mineral exploration, oil storage infrastructure, and renewable energy development, as the country accelerates efforts to diversify its economy beyond diamonds. The agreements were concluded during a state visit to Oman by President Duma Boko, where he held talks with Sultan Haitham bin Tariq. According to

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Local Gas Mining Projects News Oil

Diamantino Leads Strategic Energy and Mining Investment Mission to China

Angolan Minister Diamantino Azevedo Visits China to Secure Oil, Gas and Mining Investments and Advance Strategic Energy Projects Diamantino Azevedo has begun a working visit to China aimed at strengthening strategic cooperation and attracting new investment into Angola’s energy and mining sectors. According to a statement sent to ANGOP, the minister met on Monday (13) with Zhou Haibing, where both sides discussed ways to deepen economic cooperation in oil, gas, and mineral resources. The two

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International Corporate News Oil

TotalEnergies Announces New Offshore Hydrocarbon Discovery in Republic of Congo

TotalEnergies Reports Major Offshore Oil Discovery in Republic of Congo, Estimating Over 100 Million Barrels of Recoverable Resources TotalEnergies has announced the discovery of hydrocarbons in the Republic of the Congo as part of its ongoing drilling campaign to expand the Moho offshore field, a key deepwater production hub in the country. The company reported that drilling activities identified a hydrocarbon column of approximately 160 metres, indicating significant resource potential in the area. Based on

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International News Oil Petroleum

Zambia Launches US$1.1 Billion Oil Refinery Project to Boost Energy Security

Zambia Launches US$1.1 Billion Crude Oil Refinery Project in Ndola to Boost Energy Security and Industrial Growth The Zambian Government has officially launched the construction of a US$1.1 billion crude oil refinery in Ndola, marking a significant milestone in efforts to strengthen the country’s energy security and accelerate industrial development. Speaking at the ground-breaking ceremony, Minister of Energy Makozo Chikote said the project is being driven by the private sector through Fujian Xiang Xin Corporation

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International Corporate News Oil

ExxonMobil Nears $10 Billion Investment in Nigeria’s Deepwater Oil Projects

ExxonMobil plans $10B investment in Nigerian deepwater oil to boost production to 180,000 bpd ExxonMobil is moving closer to a $10 billion investment decision in Nigeria, Africa’s largest oil producer, aiming to expand its deepwater oil production in the country to 180,000 barrels per day (bpd). The company first announced the plan in September 2024 following a meeting in New York between its executives and Nigeria’s Vice President Kashim Shettima. The initial phase focuses on

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International News Oil

Middle East Oil Crisis Strains African Economies, Raising Inflation and Food Security Risks

Middle East conflict pushes global oil prices higher, threatening African currencies, debt, and food security A surge in global oil prices driven by the ongoing Middle East conflict is intensifying pressure on African economies, weakening currencies, raising debt costs, and fueling fears of a broader cost-of-living crisis. A joint report by the African Union, the African Development Bank, and the United Nations Development Programme highlights that at least 29 African currencies have depreciated since late

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Local Energy Gas Oil

Angola’s Energy Sector Rebounds in 2026 as $100 Billion Investment Pipeline Signals New Growth Cycle

Angola’s Energy Sector Enters New Growth Cycle as $100 Billion Investment Pipeline Takes Shape Angola has entered 2026 with a fundamentally reshaped energy investment proposition, driven by regulatory reforms, new infrastructure projects, and a strategic shift following its departure from the Organization of the Petroleum Exporting Countries in January 2024. The decision to exit the producer alliance removed production quotas that had capped output at roughly 1.11 million barrels per day, allowing operators to pursue

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International News Oil

Somalia Launches First Offshore Oil Drilling Campaign in Historic Energy Sector Milestone

Somalia Begins First Offshore Oil Drilling as Türkiye Deploys Deepwater Vessel to Unlock Potential Billion-Barrel Reserves Somalia is set to begin its first-ever offshore oil drilling campaign, marking a significant step in its long-delayed entry into the global energy market as the country seeks to unlock billions of barrels in potential hydrocarbon reserves. The East African nation has confirmed that a Turkish government-owned drilling vessel will arrive off its coast on Friday to commence deepwater

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International News Oil

East African Crude Oil Pipeline Nears Completion as Construction Reaches 82%

EACOP Hits 82% Completion, Moves Closer to First Oil from Uganda to Tanzania The East African Crude Oil Pipeline has reached 82% overall completion as of April 2026, with construction progressing steadily across pipeline sections, pump stations, and export infrastructure in Tanzania and Uganda. The update was disclosed by the project company in its latest construction report, confirming that the 1,443-kilometre heated pipeline, designed to transport crude oil from Uganda to Tanzania’s coastline, is advancing

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Corporate News Local Oil Petroleum

Sonangol Assures Stable Fuel Supply to Angola Despite Middle East Conflict

Sonangol Guarantees Fuel Supply Stability in Angola as Middle East War Disrupts Global Oil Routes Luanda — Angola’s state-owned oil company, Sonangol, has assured the public of the continued supply of fuel to the national market despite escalating conflict in the Middle East that has disrupted key global oil and natural gas transport routes. The assurance was provided last week by Alfredo Alberto, Director of Supplies and Purchasing at Sonangol, who emphasized that fuel distribution

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