Vital Industry News
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 Uganda Central Bank Launches Domestic Gold Purchase Programme to Boost Reserves Lucara Reports Lower 2025 Earnings as Karowe Underground Expansion Advances
Corporate News Diamonds Local

Sodiam Raises $25.8 Million in 16th Rough Diamond Auction

Corporate News Oil Petroleum

Shell Reaffirms Commitment to Reviving Angola’s Oil Production

Corporate News Local Oil

Sonangol Oil Tanker Damaged by Explosion Near Iraqi Port

More Angolan Mining News

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…
International News Oil

Oil Hits Multi-Year High as Iran Conflict Escalates, Boosting Vegoils and Aluminium

Oil Surges 25% to Highest Since 2022 Amid Iran War, Driving Vegoils and Aluminium Prices…
Gold International

Ghana Prepares Alternative Gold Export Routes Amid Dubai Flight Disruptions

Ghana’s GoldBod Plans Backup Export Routes as Dubai Flight Disruptions Threaten Artisanal Gold Trade Ghana’s…
Local Corporate News Expos & Events Gas Oil

Angola’s Block 33/24 Development Agreement Signed by ANPG, Sonangol, Shell, and Chevron

Angola Block 33/24 Development Agreement Signed by ANPG, Shell, Chevron at AOG 2025 An agreement to advance development activities at Angola’s Block 33/24 was signed during the Angola Oil & Gas Conference and Exhibition (AOG 2025), held from September 3-4 in Luanda. The deal was formalized by Angola’s upstream regulator, the National Oil, Gas & Biofuels Agency (ANPG), alongside national oil company Sonangol and international energy majors Shell and Chevron. Block 33 is located in

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Diamonds Economy International News

Botswana’s Diamond Dependence Turns into Crisis as Economy Faces Collapse

Botswana’s Diamond Crisis Deepens: Healthcare Strains, Job Losses, and Record Budget Deficit Threaten Stability Across Botswana, signs of economic distress are multiplying. Patients queue for hours outside government clinics, construction firms reliant on state contracts are laying off workers, and university students are threatening boycotts after promised allowance increases failed to materialize. The downturn marks a sharp reversal for a country once hailed as a model of prosperity in Africa. Fueled by the world’s richest

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Corporate News Local Oil

Angola Begins Kaminho Offshore Oil Project with TotalEnergies

Angola Launches Kaminho Offshore Project in Kwanza Basin, Pioneering Deepwater Development The Angolan Government, in partnership with a consortium led by TotalEnergies, has officially begun the construction phase of the Kaminho Project—the country’s first offshore oil development in the Kwanza Basin—marking a major milestone in Angola’s deepwater exploration sector. According to the National Oil, Gas, and Biofuels Agency (ANPG), activities at Petromar began last week with the fabrication of over 5,500 tons of metal structures

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Local Economy News Oil

João Lourenço Pledges Angola’s Refined Fuel Self-Sufficiency with Soyo and Lobito Refineries

President João Lourenço Highlights Cabinda Refinery as Key to Angola’s Energy Independence and Export Potential President João Lourenço stated on Monday, during the inauguration of the Cabinda Refinery, that Angola is on track to achieve self-sufficiency in refined petroleum products with the completion of the Soyo and Lobito refineries, despite some challenges faced by the Soyo project. Speaking to journalists after the ceremony, the President emphasized that the Cabinda refinery, with an installed capacity of

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Local News Oil

President João Lourenço Inaugurates Cabinda Refinery

President João Lourenço Launches Cabinda Refinery to Strengthen Angola’s Energy Security and Create Jobs President João Lourenço inaugurated the first phase of the Cabinda Refinery on Monday, marking a historic milestone in Angola’s energy sector. Budgeted at $473 million, the refinery will initially process 30,000 barrels of oil per day, with full capacity planned at 60,000 barrels per day. Angola is expected to sell its first refined products from the facility by the end of

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Local Economy News Oil

Economists Praise Cabinda Refinery Launch as Key to Angola’s Energy Independence

Angolan Economists Highlight Cabinda Refinery as Milestone for Energy Self-Sufficiency and Job Creation Angolan economists have hailed the inauguration of the Cabinda refinery as a major milestone for the country’s energy sector, signaling increased self-sufficiency and reduced reliance on imported fuel. The Cabinda refinery, a private investment with 90% equity from Gemcorp and 10% from state-owned Sonangol, was officially opened on Monday by President João Lourenço. Economist Daniel Sapateiro emphasized that this is the first

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Local Economy News

French Energy Delegation Visits Angola to Explore Investment Opportunities

French Energy Companies Strengthen Angola Presence Amid $18 Billion Investment Portfolio A French business delegation from the energy sector arrived in Angola this week to explore investment opportunities, at a time when French investment in the country exceeds $18 billion. “We have a business mission with ten companies,” said Sophie Aubert, French Ambassador to Angola, during a press briefing in Luanda. “They are not only here to make contacts but also to establish operations and

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Local Expos & Events News

Angola Oil & Gas 2025 Showcases Energy Diversification and Investment Opportunities

Angola Oil & Gas 2025 Highlights Natural Gas, Refining Expansion, and $60 Billion Investment Portfolio Oil and gas continue to drive Angola’s economic development, taking center stage at Angola Oil & Gas (AOG) 2025, which kicks off Wednesday with more than 2,500 delegates from 40 countries. Luis Conde, Director of the event—the largest industry conference in Angola—expressed optimism about the country’s energy strategy, emphasizing that Angola remains attractive to investors despite volatile crude prices. “The

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Corporate News Energy International

IRH Strengthens UAE–Egypt Energy and Mining Collaboration with Landmark Agreements

International Resources Holding Signs Strategic MoUs with EGPC and Egypt’s Mineral Authority to Boost Energy and Mining Investment International Resources Holding RSC Ltd. (IRH), a leading mine-to-market platform and subsidiary of 2PointZero, has signed two landmark Memoranda of Understanding (MoUs) with the Egyptian General Petroleum Corporation (EGPC) and the Egyptian Mineral Resources and Mining Industries Authority. The agreements reinforce the UAE–Egypt corridor as a key driver of regional energy security and sustainable economic growth. The

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Corporate News Diamonds International

HB Antwerp Unveils Rare 37-Carat Pink Diamond from Botswana’s Karowe Mine

HB Antwerp Recovers Rare 37-Carat Pink Diamond from Karowe Mine, Showcasing Exceptional Color and Craftsmanship Antwerp, Belgium – September 2, 2025 – HB Antwerp proudly announces the arrival of a 37.42-carat pink Type IIa diamond recovered from Lucara’s Karowe Mine in Botswana. This exceptionally rare stone exhibits an intensity of color rarely seen in the market today. Over the past five years, HB Antwerp has established itself as a leading expert in handling large, complex

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