Vital Industry News
Angola and DRC Deepen Strategic Ties Through Oil and Infrastructure Cooperation De Beers’ Secret Discounts Fuel Discontent Amid Diamond Market Turmoil Ethiopia Secures $1.75 Billion in Chinese Investments to Boost Renewable Energy and Mineral Development U.S. Commits $6 Billion to Boost Southern Africa’s Lobito Corridor DRC to Overhaul Petroleum Code in Bid to Attract Global Investors Lobito Atlantic Railway Transports Over 50,000 Tonnes of Cargo in First Quarter Angola’s Transport Minister Restructures Key Sector Bodies and Appoints New Leadership UK Ambassador Praises Lobito Corridor as a Catalyst for Angola’s Economic and Regional Integration Angola’s Oil Sector Drives Economic Growth Angola–U.S. Chamber of Commerce Urges Reform of Oil Sector Foreign Exchange Law
Angola and DRC Deepen Strategic Ties Through Oil and Infrastructure Cooperation De Beers’ Secret Discounts Fuel Discontent Amid Diamond Market Turmoil Ethiopia Secures $1.75 Billion in Chinese Investments to Boost Renewable Energy and Mineral Development U.S. Commits $6 Billion to Boost Southern Africa’s Lobito Corridor DRC to Overhaul Petroleum Code in Bid to Attract Global Investors Lobito Atlantic Railway Transports Over 50,000 Tonnes of Cargo in First Quarter Angola’s Transport Minister Restructures Key Sector Bodies and Appoints New Leadership UK Ambassador Praises Lobito Corridor as a Catalyst for Angola’s Economic and Regional Integration Angola’s Oil Sector Drives Economic Growth Angola–U.S. Chamber of Commerce Urges Reform of Oil Sector Foreign Exchange Law
Oil Local News Petroleum

Angola and DRC Deepen Strategic Ties Through Oil and Infrastructure Cooperation

Corporate News Diamonds International

De Beers’ Secret Discounts Fuel Discontent Amid Diamond Market Turmoil

International News Renewable Energy

Ethiopia Secures $1.75 Billion in Chinese Investments to Boost Renewable Energy and Mineral Development

More Angolan Mining News

Oil Local News Petroleum

Angola and DRC Deepen Strategic Ties Through Oil and Infrastructure Cooperation

Angola and the Democratic Republic of Congo (DRC) are strengthening their bilateral relationship through joint…
Corporate News Diamonds International

De Beers’ Secret Discounts Fuel Discontent Amid Diamond Market Turmoil

De Beers has quietly begun selling rough diamonds at steep discounts to a select group…
International News Renewable Energy

Ethiopia Secures $1.75 Billion in Chinese Investments to Boost Renewable Energy and Mineral Development

In a major step toward sustainable development, Ethiopia has attracted $1.75 billion in investments from…
Transport and Logistics Local News

U.S. Commits $6 Billion to Boost Southern Africa’s Lobito Corridor

The United States has announced the mobilization of nearly $6 billion to support the development…
International News Oil Petroleum

DRC to Overhaul Petroleum Code in Bid to Attract Global Investors

In an interview with Jeune Afrique, Democratic Republic of Congo’s Minister of Hydrocarbons, Aimé Sakombi…
Transport and Logistics Local News

Lobito Atlantic Railway Transports Over 50,000 Tonnes of Cargo in First Quarter

Lobito Atlantic Railway (LAR) transported 50,235 tonnes of cargo between January and March 2025. Of…
Energy

AW139 Helicopters to Improve Energy Services in Angola

SonAir Airline Services, a subsidiary of Angolan state energy firm, Sonangol, has ordered two AW139 twin-engine helicopters from Italian multinational aerospace company Leonardo as part of efforts to improve support services across Angola’s energy industry. Following delivery in Q1, 2023, the two helicopters will provide transport services across Angola’s rapidly expanding oil and gas industry, replacing SonAir’s ageing helicopter fleet and modernizing the company’s services. Well designed to operate in harsh conditions similar to those

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Energy

MCA Constructs Two Solar Parks in Angola

Portuguese business group, MCA, has constructed two solar photovoltaic (PV) parks with an installed capacity of 285 MW in the Angolan towns of Biópio and Baía Farta, in the Benguela Province, supplying green energy to approximately 1.8 million people. Completed on July 20, MCA led the project’s execution in Engineering, Procurement and Construction as part of an international consortium. The solar energy parks are part of the government’s 2018-2022 National Development Plan, which aims to diversify

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Energy Gas Mining

Saipem Wins $900 Million Contract in Angola

Angola’s New Gas Consortium – comprising Azule Energy, Chevron, Sonangol and TotalEnergies – has awarded Italian multinational oilfield services company, Saipem, three engineering, procurement and construction (EPC) contracts. The contracts are for the development of the Quiluma and Maboqueiro (Q&M) fields located in the Lower Congo Basin, offshore Angola. The one onshore and two offshore contracts, estimated at a total $900 million, will see Saipem conduct EPC work including hook-up and commissioning assistance for the Quiluma platform.

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Oil Energy Mining

Angola to start talks on trade deal with EU in bid to diversify from oil

Angola and the European Union are set to start talks for a trade deal this year after EU and African partners approved a request from the oil-producing nation to join a regional trade bloc, according to an EU document and an official. The green light to start negotiations came in late July, an EU document shows, shortly before the southern African country holds general elections next week. “We are now in a position to open

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Oil Energy Gas Renewable Energy

International Energy Companies in Angola, Nigeria Illustrate Importance of Creating Enabling Environments (By NJ Ayuk)

Last fall, I wrote (https://bit.ly/3zPqScP) about the importance of African governments doing everything they could to encourage international oil companies (IOCs) to continue operating in their countries. IOCs play an important role in supporting economic growth, job creation, capacity building, and knowledge sharing. Currently, two IOCs in particular — Azule Energy in Angola and Shell Petroleum Development Corporation of Nigeria (SPDC) — have tremendous promise to deliver those benefits on a long-term basis. Azule Energy,

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Economy Gas Oil

Angola Strengthens Regional Cooperation to Foster Trade and Economic Diversification

The Republic of Angola is a vast country with a coastline spanning 1,600km, sharing borders with Namibia to the south, and Zambia and the Democratic Republic of the Congo (DRC) to the east and northeast, respectively. A lower middle-income country, the backbone of Angola’s economy is driven by its oil industry, which, along with fishing, are the country’s main sources of foreign investment. The upstream oil industry is Angola’s primary source of foreign exchange, contributing

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Oil

Azule Energy is now ‘official’ and sets a production target of 250,000barrels of oil daily

Azule Energy, the new joint venture of British BP and Italian ENI in Angola, was officially presented this Monday in Luanda. With the assumed ambition of turning this joint venture into the largest oil and gas production company in the country, the first objectives were set: production of 250,000 barrels/day over the next five years and a leading role in the natural gas subsector. In a statement, ENI said that Azule Energy wants to be

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Energy

Power from the public grid arrives at the Port of Lobito container terminal

The container terminal in the Port of Lobito is, since last Monday, benefiting from energy from the public grid, with the entry into operation of an energy transformation station. This station, which started eight years after it was inaugurated, has a capacity of 15 kilovolts and will ‘illuminate’ the light poles to simplify work at night. In addition, it will also make the heaviest cranes work. This equipment had an investment of around 65 million

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Gas Oil

ANPG and TotalEnergies signed contracts for onshore exploration of eight blocks

The national oil concessionaire, TotalEnergies and the associates of Block 48 signed this Thursday, in Luanda, contracts for the exploration of three blocks in the Congo onshore Basin and another five in the Kwanza onshore Basin. At the ceremony, the president of the National Agency for Petroleum, Gas and Biofuels (ANPG), Paulino Jerónimo, stressed that the signing of the contracts is the culmination of a long negotiation process. Paulino Jerónimo “strongly” congratulated the investors, partners

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Infrastructure

AIPEX and Quanten Consortium sign a contract for the construction of the Soyo Refinery this Wednesday

The investment contract for the construction and operation of the Soyo Refinery (Zaire province) will be signed this Wednesday. In the amount of 3.5 billion dollars, the document will be signed between the Private Investment and Export Promotion Agency (AIPEX) and Quanten Consortium Angola. The future refinery will have a processing capacity of 100,000 barrels of oil per day and will guarantee around 900 direct jobs. “The referred project is external (United States), and is

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