Vital Industry News
Dangote Unveils Funding Plan for Major Kenya Refinery Project Hengli Reduces Refinery Activity After Cancelling West African Oil Cargoes Kosmos Energy Increases Jubilee Output After Successful Ghana Well Start-Up East Africa’s EACOP Pipeline Nears Completion Ahead of Uganda’s First Oil Exports Eni and Libya’s NOC Begin Production From Sabratha Gas Compression Project DRC and Angola Central Banks Sign Cooperation Agreement to Deepen Financial Integration Afentra Advances Angola Growth Strategy with Drilling, Asset Expansion and New Exploration Lake Victoria Gold Appoints EPCM Contractor to Advance Imwelo Gold Project in Tanzania TotalEnergies Plans 7.1 MW Solar Plant to Support Mozambique LNG Project Mozambique and Tanzania Deepen Oil and Gas Cooperation Through New Regulatory Partnership
International Corporate News Oil

Dangote Unveils Funding Plan for Major Kenya Refinery Project

International News Oil

Hengli Reduces Refinery Activity After Cancelling West African Oil Cargoes

International Corporate News Oil

Kosmos Energy Increases Jubilee Output After Successful Ghana Well Start-Up

More Angolan Mining News

International Corporate News Oil

Dangote Unveils Funding Plan for Major Kenya Refinery Project

Dangote Plans $17 Billion Kenya Refinery to Boost East Africa’s Fuel Security Dangote Industries is…
International News Oil

Hengli Reduces Refinery Activity After Cancelling West African Oil Cargoes

China’s Hengli Cuts Refinery Operations After Cancelling West African Crude Purchases China’s Hengli Petrochemical has…
International Corporate News Oil

Kosmos Energy Increases Jubilee Output After Successful Ghana Well Start-Up

Kosmos Energy Boosts Ghana Oil Production as New Jubilee Well Comes Online Kosmos Energy has…
International News Oil

East Africa’s EACOP Pipeline Nears Completion Ahead of Uganda’s First Oil Exports

Uganda’s EACOP Pipeline Nears Completion as First Crude Oil Exports Targeted for 2026 Construction of…
Corporate News Gas International

Eni and Libya’s NOC Begin Production From Sabratha Gas Compression Project

Eni Starts Gas Production From Sabratha Compression Project to Boost Libya’s Offshore Output Eni, in…
Local Economy News

DRC and Angola Central Banks Sign Cooperation Agreement to Deepen Financial Integration

DRC and Angola Central Banks Sign MoU to Boost Cross-Border Payments, Financial Integration and Trade…
Corporate News International Oil

Petrobras Agrees to Restore 335 Offshore Wells Under Safety Compliance Deal

Petrobras Signs Agreement to Bring 335 Offshore Wells into Environmental and Safety Compliance by 2030 Brazilian state-owned oil company Petrobras has signed an agreement with Brazil’s oil regulator, the National Agency of Petroleum, Natural Gas and Biofuels (ANP), committing to bring 335 temporarily abandoned offshore wells into compliance with environmental and operational safety regulations. The agreement, announced by both parties on Tuesday, follows negotiations between Petrobras and the regulator aimed at ensuring the safe management

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Diamonds International News

Dubai Diamond Exchange and London Diamond Bourse Sign Partnership to Boost Global Diamond Trade

Dubai Diamond Exchange and London Diamond Bourse Forge Strategic Partnership to Strengthen Global Diamond Trading The Dubai Multi Commodities Centre (DMCC), the international business district that facilitates global trade through Dubai, has announced the signing of a memorandum of understanding (MoU) between the Dubai Diamond Exchange (DDE) and the London Diamond Bourse (LDB) to strengthen cooperation between the two trading centres and expand opportunities for their members. The agreement establishes a framework for closer collaboration,

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Local News Transport and Logistics

Lobito Corridor Railway Secures $753 Million Financing to Boost Regional Trade Links

Angola’s Lobito Corridor Railway Project Reaches $753 Million Financial Close to Expand African Trade Connectivity The Lobito Corridor railway project in Angola has reached financial close after securing $753 million in funding, marking a major milestone for one of Africa’s most important regional transport infrastructure initiatives. The financing will support the rehabilitation, upgrade and long-term operation of the 1,300-kilometre railway corridor linking the Port of Lobito in Angola to the border with the Democratic Republic

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Local Corporate News Mining Projects

Tyranna Resources Sells Namibe Lithium Project to Sinomine for $1.44 Million

Tyranna Resources Divests Angola Lithium Project to Sinomine, Redirecting Funds to Chinguar Gold Development Australian-listed Tyranna Resources has agreed to sell its interest in the Namibe lithium and caesium project in southern Angola to Sinomine Resource Group for $1.44 million, allowing the company to focus on new exploration opportunities in Angola. The transaction involves the sale of Tyranna subsidiary Angolan Minerals’ 90% interest in AM Mauritius, the holding company for the Namibe project, to Sinomine

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Diamonds Corporate News International

De Beers Cuts Diamond Prices Sharply as Industry Crisis Forces Market Reset

De Beers Reduces Diamond Prices in Major Shift as Weak Demand and Lab-Grown Stones Pressure Market De Beers has introduced some of its largest official diamond price reductions in years, marking a significant shift in strategy as the company responds to prolonged weakness in the global diamond market. The price cuts come during the company’s first sales cycle after reducing the number of its selected diamond buyers, known as sightholders. The move is part of

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International News Transport and Logistics

Zambia Plans TAZARA Railway Modernisation to Strengthen Trade and Logistics Network

Zambia Targets TAZARA Railway Upgrade with $1.6 Billion Rehabilitation Plan to Boost Trade and Economic Growth Zambia is advancing plans to modernise the TAZARA railway corridor, with President Hakainde Hichilema highlighting the importance of upgrading the route to support trade, transport efficiency and economic growth. Speaking at the TAZARA train station in Kapiri Mposhi, President Hichilema said the government is committed to improving the railway, which provides a strategic link between Zambia and the port

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International News Renewable Energy

Egypt Awards $560 Million Contract for Major Solar and Battery Storage Project

Egypt Awards $560 Million EPC Contract for 1GW Solar Project with Battery Storage Egypt has awarded a $560 million engineering, procurement and construction (EPC) contract for the West Minya Solar Power Project, one of the country’s largest renewable energy developments. The contract was awarded to Hassan Allam Construction and Sterling and Wilson Renewable Energy through their 50:50 joint venture. The project, located in Minya Governorate, will combine 1,000 megawatts (MW) of solar photovoltaic capacity with

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Local Economy Gas Oil

Angola’s Oil and Gas Dominate Economy with $27.7 Billion in Export Revenues in 2025

Angola’s Oil and Gas Exports Reach $27.7 Billion in 2025 as Production Exceeds One Million Barrels Per Day and China Leads Purchases Angola’s economy continued to be heavily driven by its oil and gas sector in 2025, which generated the vast majority of export earnings, according to data from the Ministry of Mineral Resources, Oil and Gas. Crude oil remained the country’s dominant export commodity, earning approximately US$24.5 billion over the year. Natural gas contributed

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Corporate News Diamonds Economy

Sodiam Raises $21.7 Million at Luanda Diamond Auction, Exceeding Expectations

Angola’s Sodiam Earns $21.7 Million from Diamond Auction as Sales Surpass Expectations by 23% Angola’s National Diamond Trading Company (Sodiam) generated US$21.7 million from the sale of 35 special rough diamonds at an auction held in Luanda, exceeding the expected value by 23%, according to a company statement. The auction featured 35 exceptional diamonds produced by the mining companies Luele, Catoca, Mussende, Lulo, Calonda, Cuilo, Kwenda, Kaixepa, Cuango, Somiluana and Mucuanza. Also included in the

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Corporate News Local Mining Projects

Anglo American Advances Copper Exploration in Angola’s Moxico Leste Province

Anglo American Presents Copper Prospecting Project in Angola’s Cazombo Salient Amid Regional Copper Belt Expansion Anglo American has presented a copper prospecting project in Angola’s Cazombo Salient, highlighting new opportunities for the country’s mining sector. The presentation took place on Tuesday in the commune of Calunda, in the municipality of Muconda, Moxico Leste province, and was disclosed by the Ministry of Mineral Resources, Petroleum and Gas in a statement. According to the ministry, Anglo American

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