Vital Industry News
Libya’s Arabian Gulf Oil Company Launches Production at Z-13 Well in Al-Bayda Field De Beers Board Member Matome Tsholetsa Malema Passes Away Sodiam Raises $25.8 Million in 16th Rough Diamond Auction Shell Reaffirms Commitment to Reviving Angola’s Oil Production Sonangol Oil Tanker Damaged by Explosion Near Iraqi Port Angola and Namibia Advance Energy Cooperation with Focus on Electricity Interconnection Oil Hits Multi-Year High as Iran Conflict Escalates, Boosting Vegoils and Aluminium Ghana Prepares Alternative Gold Export Routes Amid Dubai Flight Disruptions Global Oil Prices Surge Amid Rising Tensions in the Middle East Middle East Tensions Send Oil Prices Higher, Raising Inflation Risks for Africa
International News Oil Petroleum

Libya’s Arabian Gulf Oil Company Launches Production at Z-13 Well in Al-Bayda Field

Corporate News Diamonds International Mining Personality

De Beers Board Member Matome Tsholetsa Malema Passes Away

Corporate News Diamonds Local

Sodiam Raises $25.8 Million in 16th Rough Diamond Auction

More Angolan Mining News

International News Oil Petroleum

Libya’s Arabian Gulf Oil Company Launches Production at Z-13 Well in Al-Bayda Field

Libya Starts Production at Z-13 Well in Al-Bayda Field as AGOCO Expands Oil Output Arabian…
Corporate News Diamonds International Mining Personality

De Beers Board Member Matome Tsholetsa Malema Passes Away

De Beers Board Member and Minerals Development Company Botswana CEO Matome Tsholetsa Malema Dies Global…
Corporate News Diamonds Local

Sodiam Raises $25.8 Million in 16th Rough Diamond Auction

Angola’s Sodiam Generates $25.8 Million in Rough Diamond Auction, Surpassing Expectations Angola’s National Diamond Trading…
Corporate News Oil Petroleum

Shell Reaffirms Commitment to Reviving Angola’s Oil Production

Shell Pledges Support for Angola’s Oil Production Revival as Company Returns After 20 Years Shell…
Corporate News Local Oil

Sonangol Oil Tanker Damaged by Explosion Near Iraqi Port

Sonangol Tanker Hit by Explosion Near Iraq’s Khor al Zubair Port; Crew Safe and Vessel…
Local Energy News

Angola and Namibia Advance Energy Cooperation with Focus on Electricity Interconnection

Angola and Namibia Strengthen Energy Ties, Discuss Power Interconnection and Baynes Hydroelectric ProjectAngola and Namibia…
Diamonds Local News

Angola’s Diamond Output Surges to 10.7 Million Carats as Country Targets Record Year

Angola Diamond Production Hits 10.7 Million Carats in 2025 as Country Aims for Record 14.8 Million Angola’s rough diamond production reached 10.7 million carats in the nine months to September, according to government data released on Friday, as the southern African nation pushes toward another record year for output. The country — already the world’s third-largest diamond producer behind Russia and Botswana — achieved a record 14 million carats in 2024 and is now targeting

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Corporate News Diamonds Local

Angola Rules Out State Funding for Endiama’s De Beers Stake Purchase

Angola Rules Out Using National Budget to Fund Endiama’s Bid for De Beers Stake Angola will not use public funds to finance state-owned diamond company Endiama’s proposed acquisition of a stake in De Beers, Finance Minister Vera Daves de Sousa confirmed on Friday. Endiama has reportedly submitted a bid for a majority stake in De Beers, the diamond unit of Anglo American, according to a source familiar with the matter who spoke to Reuters on

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Renewable Energy International News

AfDB Approves $14.5 Million to Power Zambia’s Clean Energy Transition with New Solar Project

African Development Bank Funds $14.5 Million Solar Project to Boost Zambia’s Renewable Energy and Cut Power Shortages The African Development Bank Group (AfDB) has approved a $14.54 million financing package to support the Garneton North 20-megawatt solar power project in Zambia’s Copperbelt Province — a key milestone in the country’s shift toward renewable energy and energy security. The financing includes $7.27 million from the Bank’s own resources and an equal amount in concessional funding from

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Local News Transport and Logistics

Angola Seeks $4.5 Billion to Build Rail Link Connecting Zambia’s Copperbelt

Angola Secures International Support for $4.5B Zambia-Lobito Rail Corridor to Boost Copper Trade Angola sought $4.5 billion in funding to construct an ambitious rail link to Zambia’s copper-rich region, Transport Minister Ricardo Viegas d’Abreu said. Italy committed $320 million to the project, while the African Development Bank pledged $500 million, d’Abreu told reporters Wednesday on the sidelines of a conference in Luanda, Angola’s capital. He also noted that the Egyptian government had recently expressed interest

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Transport and Logistics International

Tanzania Port Closure Disrupts African Copper Shipments to China

Election Unrest in Tanzania Temporarily Halts Copper Exports, Forcing Rerouting to Durban, Walvis Bay, and Beira African copper shipments to China were disrupted by the temporary closure of the Port of Dar es Salaam in Tanzania following election-related unrest. Copper traders and producers in the Central African Copperbelt sought alternative routes for their cargoes, leading to congestion at other ports, including Durban in South Africa, according to multiple market sources. The closure also meant that

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Corporate News Gas International Oil

BP Confirms New Oil and Gas Discovery in Namibia’s Orange Basin

BP and Eni’s Azule Energy Uncover Major Gas Condensate Discovery in Namibia’s Orange Basin BP has confirmed a significant oil and gas discovery in Namibia’s Orange Basin, a frontier region that has rapidly become one of the most promising exploration zones in the world. The UK-based energy major, through Azule Energy—its 50/50 joint venture with Italy’s Eni—validated preliminary findings from the Volans-1X exploration well, initially reported earlier this month by Rhino Resources, the project operator.

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Oil International News

Libya Targets 1.6 Million Barrels Per Day as Oil Sector Revival Gains Momentum

Libya Plans to Boost Crude Oil Production to 1.6 Million BPD by 2026 Amid Renewed Foreign Investment Libya is intensifying efforts to restore its crude oil production to 1.6 million barrels per day (bpd) by late 2026, according to the National Oil Corporation (NOC). Current output stands at approximately 1.38 million bpd, signaling steady progress toward the country’s pre-crisis production capacity. This target is part of a broader national initiative to revitalize Libya’s energy sector,

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Oil International News

East African Crude Oil Pipeline Advances, Promising Energy Growth for Uganda and Tanzania

TotalEnergies’ East African Crude Oil Pipeline Nears Completion, Strengthening Uganda’s Energy Infrastructure The East African Crude Oil Pipeline (EACOP), led by TotalEnergies, is moving steadily forward after years of planning and development. The project is expected to enhance energy access across East Africa and significantly boost Uganda’s infrastructure and export capacity. By investing in this large-scale midstream project, TotalEnergies deepens its presence in the region’s energy landscape and supports Uganda’s long-term goal of reducing reliance

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International News Oil

Port Harcourt Refinery Shutdown Exposes Deep Accountability Crisis in Nigeria’s Oil Sector

Nigeria Loses ₦366.2 Billion in Five Months as Port Harcourt Refinery Shuts Down Again Amid Accountability Concerns Nigeria’s Port Harcourt Refinery shutdown, which has cost the nation an estimated ₦366.2 billion in just five months, once again underscores the deep-rooted accountability crisis plaguing the country’s oil sector. Although the Nigerian National Petroleum Company Limited (NNPCL) claims the closure was due to “maintenance and sustainability assessment,” insider sources suggest the refinery never truly resumed operations. According

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International News Oil

Libya’s National Oil Corporation Announces Major Oil Discovery in Sirte Basin

Libya Discovers New Oil Field in Sirte Basin as OMV Resumes Exploration After 13 Years Libya’s National Oil Corporation (NOC) has announced a significant new oil discovery in the Sirte Basin, located in central Libya. According to a statement published on the NOC’s official website, the find was made by the Libyan branch of Austrian energy company OMV, marking its first exploration success in the region. Preliminary test results indicate that the exploratory well is

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