Angolan Mining Oil & Gas

BP Commits $1.5B to Boost Natural Gas Production in Egypt’s North Coast and Nile Delta BP has announced plans to invest $1.5 billion in natural gas exploration in Egypt during the 2026–27 fiscal year, signaling its intention to expand operations while supporting Egypt’s goal of strengthening its energy sector and increasing export capacity. The investment will fund the drilling of new exploration wells along the North Coast and in the Nile Delta, areas critical for

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Dangote Petroleum Refinery Receives $2.5B Afreximbank Loan to Boost Nigeria’s Fuel Production Nigeria’s Dangote Petroleum Refinery and Petrochemicals has secured $2.5 billion from the African Export-Import Bank (Afreximbank) as part of a $4 billion syndicated term loan, strengthening the financial position of Africa’s largest oil refinery and supporting its next phase of expansion. Afreximbank and Access Bank acted as co-mandated lead arrangers for the five-year facility, which is intended to refinance existing debt and align

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Namibia Reviews TotalEnergies’ Venus Oil Project Plan, Potentially Generating N$229 Billion in Revenue The Namibian government has begun reviewing the field development plan (FDP) submitted by TotalEnergies for the proposed Venus oil project, moving the initiative closer to negotiations and a final investment decision. Prime Minister Elijah Ngurare stated that the upstream petroleum unit within the Office of the President has made significant progress on technical and policy matters, including an initial assessment of the

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