Angolan Mining Oil & Gas - Page 41 of 312 - Top Angolan News for Oil, Gas and Mining Industries

OPEC Fund Pledges $30 Million for Egypt’s Landmark Wind Energy Project

21, January, 202521, January, 2025

The OPEC Fund for International Development (OPEC Fund) has approved a $30 million loan to co-finance Egypt’s 1.1 GW wind energy project, the largest onshore wind initiative in Africa. This loan positions the OPEC Fund alongside key financial partners, including the European Bank for Reconstruction and Development, African Development Bank, British International Investment, Deutsche Investitions-und Entwicklungsgesellschaft, the Arab Energy Fund, Arab Bank, and Standard Chartered Bank, in supporting the $1.1 billion project. Abdulhamid Alkhalifa, President

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Diamonds International News

AWDC Urges Belgian Govt to Support Diamond Industry Amid Economic Crisis

21, January, 202521, January, 2025

The Antwerp World Diamond Centre (AWDC) has called on the Belgian government to improve the operating environment for the diamond industry, following what it described as a “crisis” year for the sector. Belgium’s total diamond import and export figures fell by 25% in 2023, driven by “significant economic factors” that impacted both domestic and global markets, the AWDC reported. “The diamond industry is facing a severe global crisis,” said Karen Rentmeesters, CEO of AWDC. “Internationally,

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Corporate News Local Oil

Oando Energy Secures Operatorship of Angola’s Block KON 13

21, January, 202521, January, 2025

The National Agency for Petroleum, Gas, and Biofuels (ANPG), Angola’s upstream regulator, has announced the results of the Limited Public Tender for Block KON 13 in the Kwanza Onshore Basin. Oando Energy, a Nigerian independent exploration and production (E&P) company, has been confirmed as the operator of Block KON 13 with a 45% stake, according to Africoilgasreport. The tender process began on May 24, 2024, and closed on September 3, 2024. ANPG noted that 10%

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Corporate News Diamonds International

Rio Tinto’s Diamond Production Rises as Underground Mining Advances

21, January, 202521, January, 2025

Rio Tinto reported an 18% year-on-year increase in diamond output for the fourth quarter of 2023, reaching 775,000 carats. The rise follows efforts to ramp up production after addressing ground subsidence issues and transitioning to underground mining at the Diavik mine’s A21 pit. The miner completed the first phase of underground development at A21, where open-pit operations concluded in late 2023. Rio Tinto is now scaling up processing in the area to achieve commercial production.

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Local News Transport and Logistics

EU Commits to Supporting Sustainable Development of Lobito Corridor

21, January, 202521, January, 2025

The European Union (EU) has expressed its interest in participating in the development of the Lobito Corridor, recognizing its potential for sustainable and inclusive economic diversification, including increased household income in the region. Sylvie Millot, Head of the EU’s Southern Africa and Indian Ocean Unit, confirmed this on Friday in Benguela, following a courtesy meeting with the provincial governor of Benguela. She emphasized that the Lobito Corridor is a key priority for the EU in

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Local News Transport and Logistics

AIA Calls for Feasibility Study to Enhance Lobito Corridor’s Economic Impact

21, January, 202521, January, 2025

Members of the Angolan Industrial Association (AIA) have emphasized the importance of conducting a feasibility study for the construction of connection branches between key large-scale production centers and the Lobito Corridor. This initiative is seen as a priority to maximize the economic benefits of this significant infrastructure, which serves both the Angolan economy and the southern region of Africa. The message was conveyed by the president of the association, José Severino, who outlined the vast

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Corporate News International

Chevron’s Kapana 1-X Exploration Well in Namibia Yields No Commercial Hydrocarbons

20, January, 202520, January, 2025

Harmattan Energy, an indirect subsidiary of Chevron, recently drilled the Kapana 1-X exploration well in Namibia’s Orange Basin, but the well did not yield commercial quantities of hydrocarbons. Despite this, the operation provided valuable geological insights, enhancing confidence in future exploration efforts in the region. Chevron had previously obtained an Environmental Clearance Certificate (ECC) from Namibia’s Ministry of Environment, Forestry, and Tourism, enabling it to spud up to ten wells in the country over the

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Corporate News International Oil

Eni CEO Pledges Expanded LNG Operations in Mozambique

20, January, 202520, January, 2025

Eni CEO Claudio Descalzi has assured Mozambican President Daniel Chapo of plans to expand the Liquefied Natural Gas (LNG) project in the Rovuma Basin, elevating Mozambique’s presence on the global LNG stage. In a congratulatory letter following Chapo’s inauguration, Descalzi reaffirmed Eni’s commitment to strengthening its strategic partnership with Mozambique. He emphasized the company’s dedication to supporting Mozambique’s long-term development through local content initiatives, energy transition efforts, and the implementation of the Coral Norte FLNG

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International Gas Oil

Global Energy Giants Drive Expansion in Libya’s Oil and Gas Sector

20, January, 202520, January, 2025

Libya’s National Oil Corporation (NOC) and global energy companies TotalEnergies, Eni, OMV, Repsol, and Nabors unveiled ambitious strategies to enhance oil and gas production during the Libya Energy & Economic Summit 2025, held on January 18. TotalEnergies highlighted its exploration progress in Libya’s Sirte and Murzuq basins.“Libya holds 40% of Africa’s reserves, yet much remains untapped,” stated Julien Pouget, Senior Vice President for the Middle East and North Africa. The company plans to finalize an

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Corporate News Diamonds Local

Endiama Targets 14.8 Million Carats and $2.1 Billion Revenue by 2025 Amid Market Challenges

20, January, 202520, January, 2025

The Angolan National Diamond Company (Endiama) aims to produce 14.8 million carats of diamonds and generate $2.1 billion in revenue by 2025, according to its chairman, José Ganga Junior. Speaking during the company’s 44th anniversary, Ganga Junior acknowledged ongoing challenges in the diamond market, including significant price reductions and sluggish demand. Diamond prices have dropped by more than 60% in some cases, with the average price per carat estimated at $146 for this year. Currently,

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