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Transport and Logistics

Lobito Corridor: Key to Angola’s Economic Development and Investment Opportunities

28, February, 202528, February, 2025

The Lobito Corridor is currently a major infrastructure route that handles large volumes of goods for export and domestic use. This was highlighted by the Chairman of the Board of Directors of the Port of Lobito, Celso Rosas, who spoke to the press recently in Huambo, during the 1st Investment Opportunities Forum along the Lobito Corridor, which took place last Friday. He noted that the effects of the Lobito Corridor are evident, with significant quantities

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Diamonds Local News

New Headquarters of the African Diamond Producers Association Inaugurated in Luanda

28, February, 202528, February, 2025

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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Diamonds Local News

Angola’s Mining Minister Calls for Greater Attention to Global Diamond Market Challenges

28, February, 202528, February, 2025

Angola’s Minister of Mineral Resources, Petroleum, and Gas, Diamantino Azevedo, emphasized the need for heightened attention to the challenges currently facing the global and African diamond industry. Speaking at the inauguration of the new headquarters of the African Diamond Producers Association (ADPA) in Luanda, Azevedo pointed to falling natural diamond prices, competition from synthetic diamonds, and increased pressure for diamond traceability as key issues affecting the sector. “We must adapt to this new landscape and

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Corporate News Diamonds Local

Angola’s SODIAM to Auction 36 Special Diamonds Online

28, February, 202528, February, 2025

Angola’s National Diamond Trading Company (SODIAM) will auction 36 special diamonds, weighing approximately 10.80 carats, in an online bidding process from March 5 to 12, 2024. According to a press release cited by Lusa, the auction is being organized in collaboration with Trans Atlantic Gem Sales. The auction will feature diamonds from several mines, including Luele (12 stones), Catoca (11), Kaipexa (6), Lulo (3), Chitotolo (2), Tchegi (1), and Somiluana (1). Bidding will close at

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Corporate News International Oil

Custos Energy Reports Major Oil and Gas Discovery at Mopane-3X in Namibia’s Orange Basin

28, February, 202528, February, 2025

Custos Energy has provided an update on the second exploration and appraisal campaign for Blocks 2813A and 2814B in Namibia’s Orange Basin, a rapidly emerging oil and gas hub. These blocks fall under Petroleum Exploration License 83 (PEL 83), operated by a subsidiary of Galp Energia. Custos and Namibia’s National Petroleum Corporation (NAMCOR) each hold a 10% working interest in PEL 83. The PEL 83 Joint Venture partners have successfully drilled, cored, and logged the

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Corporate News International Oil

OPEC Chief Urges Africa to Unlock Oil Potential Amid Global Energy Shift

28, February, 202528, February, 2025

OPEC Secretary-General Haitham Al-Ghais has called on Africa to capitalize on its vast oil reserves, which exceed 120 billion barrels, emphasizing the continent’s crucial role in the global energy landscape. Speaking at the Nigeria International Energy Summit 2025 in Abuja, Al-Ghais delivered a keynote address titled “Driving Cross-Continental Investments: Scaling Africa’s Energy Frontier.” The summit’s eighth edition is themed “Bridging Continents: Connecting Investors with Africa’s Energy Potential.” Al-Ghais highlighted Africa’s extensive natural gas reserves, estimated

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International News Oil

Fouta Refinery to Boost Congo’s Energy Security by 2025

28, February, 202528, February, 2025

The construction of the Fouta Refinery, located about 30 kilometers from Pointe-Noire, is on track for completion in 2025. The project aims to reduce Congo’s reliance on fuel imports, which totaled $140 million in 2023. Developed by Chinese firm Beijing Fortune Dingheng Investment, the refinery will have an annual production capacity of 2.5 million tons of petroleum products, including diesel and gasoline. Congo currently operates only one refinery, the Congolaise de Raffinage (CORAF) in Pointe-Noire,

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International Renewable Energy

AMEA Power to Develop 1,500MWh Battery Storage in Egypt

28, February, 202528, February, 2025

Dubai-based renewable energy company AMEA Power has signed agreements with the Egyptian government to develop standalone battery energy storage systems (BESS) with a total capacity of 1,500MWh. The project will see 500MWh installed in Zafarana and 1,000MWh in Benban, enhancing grid stability and supporting the integration of renewable energy sources. This initiative aligns with Egypt’s efforts to accelerate its energy transition. Hussain Al Nowais, Chairman of AMEA Power, stated that the project will not only

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Corporate News Local Oil

TGS Completes Reprocessing of 3D Seismic Data in Angola’s Block 16

28, February, 202528, February, 2025

Energy data and intelligence company TGS, in partnership with Angola’s upstream regulator, the National Oil, Gas & Biofuels Agency, has completed the reprocessing of the GeoStreamer MC3D seismic dataset for Block 16 in the offshore Lower Congo Basin. Covering 3,684 km², the dataset enhances imaging capabilities beyond the initial survey, enabling a more detailed evaluation of deeper target plays in both post-salt and pre-salt sections. The reprocessed data also partially covers marginal fields such as

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Corporate News Local Oil

Sonangol Reaffirms Plan for IPO to Strengthen Growth and Competitiveness

28, February, 202528, February, 2025

Angola’s national oil company, Sonangol, has reaffirmed its plan to launch an Initial Public Offering (IPO), offering 30% of the company’s shares to the public. This partial privatization aims to raise capital to support Sonangol’s exploration and production projects, as part of the government’s broader efforts to transform the company into a competitive upstream player. Although the IPO was initially scheduled for 2022, Sonangol CEO Sebastiao Martins confirmed that the company is now taking the

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