Angolan Mining Oil & Gas - Page 116 of 400 - Top Angolan News for Oil, Gas and Mining Industries

Dangote Refinery Secures First Algerian Crude Amid Supply Challenges

4, March, 20254, March, 2025

Dangote Refinery has made its first purchase of Algeria’s light sweet Saharan Blend crude, acquiring a 1 million-barrel cargo from Glencore, according to market sources cited by Argus Media. Delivery is expected between March 15 and 20. The $20 billion, 650,000-barrel-per-day refinery, built by Africa’s richest man, Aliko Dangote, began producing diesel, naphtha, and jet fuel in January last year, with petrol production following in September. On February 10, Dangote Industries Limited Vice President Edwin

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International Economy Gold Oil

Ghana Suspends Gold-for-Oil Program as New Central Bank Governor Focuses on Currency Stability

4, March, 20254, March, 2025

Ghana’s new central bank governor, Johnson Asiama, has suspended the country’s gold-for-oil program and expressed confidence that the cedi will stabilize after last year’s volatility. Asiama, who was sworn into office by President John Mahama on February 25, emphasized the importance of maintaining a balanced monetary policy to support exchange rate stability. “We intend to maintain an appropriate monetary policy stance,” he stated, adding that fiscal discipline under Mahama’s administration should help stabilize foreign exchange

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Corporate News International Oil

Nigeria’s Oando Plc Wins Bid to Revive Trinidad and Tobago’s Guaracara Refinery

4, March, 20254, March, 2025

Oando Plc, a leading Nigerian oil and gas company, has been selected as the preferred bidder for the 165,000-barrel-per-day Guaracara Refinery in Trinidad and Tobago. Acting Prime Minister and Energy Minister Stuart Young cited Oando’s strong financial track record and ability to secure upstream oil sector financing as key factors in the decision. The Guaracara Refinery, formerly part of the state-owned Petrotrin, has been inactive since its closure in late 2018 due to financial struggles.

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Corporate News Exploration Oil

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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