Angolan Mining Oil & Gas - Page 106 of 390 - Top Angolan News for Oil, Gas and Mining Industries

Sonatrach and Sinopec Sign $850M Deal for Algerian Oil Exploration

4, March, 20254, March, 2025

Algeria’s state-owned energy giant, Sonatrach, has signed an $850 million agreement with China’s Sinopec for the exploration and development of the Hassi Berkane-North (HBAN) oil field. The contract, signed on February 25, was formalized by Sonatrach’s Vice President of Exploration and Production, Farid Djettou, and Sinopec’s General Manager, Xue Weisong. Located 80 km southwest of Hassi Messaoud, the HBAN field spans 9,700 km² and includes hydrocarbon-rich blocks 428 and 429. The agreement, valid for 30

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International News

Aksa Enerji to Launch First Turbine at Djeno Power Plant in Congo in March 2025

4, March, 20254, March, 2025

Turkish energy company Aksa Enerji is set to begin operations of the first 25 MW turbine at the Djeno Power Plant in the Republic of Congo by March 2025. This initiative aims to improve electricity access in a country where only about 50% of the population has power, with rural electrification rates as low as 12%. Currently, the country’s primary power source is the Centrale Electrique du Congo (CEC), a joint venture between Eni and

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International News Renewable Energy

AMEA Power Begins Construction on 50 MW Solar Project in Ivory Coast

4, March, 20254, March, 2025

Renewable energy firm AMEA Power has commenced construction on a 50 MW solar power plant in Bondoukou, Ivory Coast. The $60 million project marks the company’s first operational asset in the country and supports the national goal of increasing renewable energy’s share to 45% of the energy mix. Once operational, the plant will generate 85 GWh of clean energy annually, supplying electricity to 358,000 households and reducing carbon emissions by approximately 52,000 tons. The project

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Diamonds International News

Africa Produces 60% of the World’s Diamonds ADPA President Highlights Industry Challenges

4, March, 20254, March, 2025

Africa contributes 60% of global diamond production, the president of the African Diamond Producers Association (ADPA), Wiston Chitando, announced on Thursday in Luanda. Chitando, who also serves as Zimbabwe’s Minister of Mineral Resources, made the statement during the inauguration of ADPA’s new headquarters. He reaffirmed his commitment to advancing Africa’s diamond sector. He emphasized that Africa’s diamond industry remains strong despite global market challenges, particularly the rise of synthetic diamonds. “We are determined to move

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Gold Local News

Angola’s First Gold Refinery Nears Completion Inauguration Set for late 2025

4, March, 20254, March, 2025

Angola’s Minister of Mineral Resources, Petroleum, and Gas, Diamantino Azevedo, announced on Friday in Luanda that the Luanda Gold Refinery is expected to be inaugurated in the second half of this year, with 70% of construction already completed. Speaking after an inspection visit, Azevedo confirmed that the refinery—an investment of over $5 million—will initially create 35 jobs across various specialties. According to Endiama E.P., the minister highlighted that construction is progressing steadily, in line with

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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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