Vital Industry News
Egypt Secures Initial Financing for Scatec’s $650 Million Solar Power Project Angola’s Fuel Import Bill Nears $1 Billion in Third Quarter Despite Refining Expansion Plans Angola and South Korea Deepen Energy Partnership to Boost Power Sector Investment Angola Calls for Stronger Natural Gas Cooperation and Sustainable Resource Development Angola Generates $8.33 Billion from Oil Exports in Third Quarter Tanzania Signals Interest in Angola’s Lobito Refinery Project Tanzania Strikes Major Natural Gas Discovery as Energy Ambitions Gain Momentum Angola Approves New Mining Projects as Government Updates Concession Portfolio TotalEnergies Completes $800 Million Divestment of Nigerian Oil Assets While Retaining Key Gas Interests XRG Explores Strategic Entry into Libya Through Potential Stake in Eni’s Energy Assets
International News Renewable Energy

Egypt Secures Initial Financing for Scatec’s $650 Million Solar Power Project

Petroleum Local News Oil

Angola’s Fuel Import Bill Nears $1 Billion in Third Quarter Despite Refining Expansion Plans

Local Energy News

Angola and South Korea Deepen Energy Partnership to Boost Power Sector Investment

More Angolan Mining News

International News Renewable Energy

Egypt Secures Initial Financing for Scatec’s $650 Million Solar Power Project

Egypt Advances Renewable Energy Ambitions with Preliminary Financing for $650 Million Scatec Solar Project Egypt…
Petroleum Local News Oil

Angola’s Fuel Import Bill Nears $1 Billion in Third Quarter Despite Refining Expansion Plans

Angola Spends Nearly $1 Billion on Fuel Imports in Q3 as Government Pushes Refining Capacity…
Local Energy News

Angola and South Korea Deepen Energy Partnership to Boost Power Sector Investment

Angola and South Korea Strengthen Electricity Sector Cooperation to Accelerate Energy Infrastructure Investment Angola and…
Local Gas News

Angola Calls for Stronger Natural Gas Cooperation and Sustainable Resource Development

Diamantino Azevedo Urges Greater Natural Gas Cooperation to Drive Sustainable Growth Across Producing Nations Angola’s…
Local Economy News Oil

Angola Generates $8.33 Billion from Oil Exports in Third Quarter

Angola’s Oil Export Revenue Reaches $8.33 Billion in Q3 as Energy Sector Remains Economic Backbone…
Local News Oil

Tanzania Signals Interest in Angola’s Lobito Refinery Project

Tanzania Eyes Partnership in Angola’s Lobito Refinery as Regional Energy Cooperation Gains Momentum Tanzania has…
Oil News

Lobito Refinery Workers Strike Over Wages and Working Conditions

Angola’s Lobito Refinery Construction Workers Demand Salary Increase from 100,000 to 400,000 Kwanzas Workers involved in the construction of Angola’s Lobito Refinery in Benguela Province have staged a strike demanding higher wages and improved working conditions, following a breakdown in negotiations with their employer. According to a report by Lusa, citing striking worker Vitorino Faustino, hundreds of employees gathered outside Sonaref on 2 October to protest against a proposed salary increase they considered inadequate. The

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Local Energy News

AfDB Identifies Power Grid and Tariff Challenges Limiting Angola’s Energy Sector

Angola’s Electricity Access Reaches 51.1% as AfDB Flags Grid and Infrastructure Constraints Angola has made significant progress in expanding electricity generation and renewable energy, but weaknesses in power transmission, distribution and grid connectivity continue to limit access to electricity and constrain the sector’s economic potential, according to the African Development Bank (AfDB). The findings are contained in the bank’s Angola Development Effectiveness Review 2016–2025, presented in Luanda in September 2026 in partnership with the Ministry

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Local Corporate News Oil

Lobito Refinery Workers Resume Strike Over Wage Dispute

Lobito Refinery Workers Resume Strike Over Wages and Working Conditions in Angola Workers involved in the construction of Angola’s Lobito Refinery in Benguela have resumed an indefinite strike over wages and working conditions, rejecting an employer counter-proposal for a 20% salary increase. The workers gathered at the entrance of Sonaref to protest the proposed increase, with hundreds taking part in demonstrations, according to workers cited by Lusa. The latest strike follows an earlier work stoppage

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Local Mining News

Angola to Review Mining Code After 15 Years

Angola to Review 2011 Mining Code as Government Seeks to Boost Sector Competitiveness Angola is set to conduct a comprehensive review of its mining sector and Mining Code, 15 years after the legislation was introduced, as the government seeks to strengthen competitiveness and align the regulatory framework with changes in the global minerals industry. Minister of Mineral Resources, Oil and Gas Diamantino Azevedo announced the planned review during celebrations marking the 15th anniversary of the

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Energy Corporate News International Oil

Sasol Leads Emerging-Market Peers as Oil Rally Boosts Coal-to-Liquids Business

Sasol Shares Surge Nearly 120% as Oil Prices Boost South African Coal-to-Liquids Producer South Africa’s Sasol has emerged as the top-performing emerging-market stock outside Asia this year, benefiting from higher oil and chemicals prices and its coal-to-liquids business. The company has delivered investors a dollar return of almost 120% this year, following a 45% gain in 2025, putting it on track for its strongest annual performance since at least 1991. Sasol’s performance follows a significant

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Corporate News Diamonds International

Petra Diamonds Appoints Questco for Strategic Review

Petra Diamonds Appoints Questco as Company Considers Asset Sales Amid Liquidity Pressure London-listed Petra Diamonds has appointed South African corporate advisory firm Questco Corporate Advisory to manage a strategic review as the diamond producer explores options to address its near-term liquidity needs. The appointment follows Petra’s decision last week to undertake a strategic review after consultations with key stakeholders, including its first- and second-lien creditors. The review will consider all potential options available to the

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International Mining News

US Funds Study for DRC Copper and Cobalt Refinery

US Funds Pre-Feasibility Study for DRC’s 30,000-Tonne Copper and 5,000-Tonne Cobalt Refinery The US Trade and Development Agency (USTDA) has signed an agreement with Congolese mineral processor Buenassa Resources to fund a pre-feasibility study for a proposed copper and cobalt refinery in Lualaba Province. The study will assess potential sources of feedstock, establish the refinery’s technical design and determine the economic and financial requirements for its development. USTDA has not disclosed the value of the

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Local News Oil

Angola’s Lobito Refinery Faces Multibillion-Dollar Financing Challenge

Angola’s US$6.2 Billion Lobito Refinery Faces US$4.8 Billion Financing Challenge Angola’s US$6.2 billion Lobito Refinery is at the centre of the country’s push to expand domestic refining capacity and reduce dependence on imported petroleum products, but securing the remaining financing remains a major challenge. The 200,000-barrel-per-day refinery in Benguela Province is expected to become Angola’s largest refining facility. The project is designed to support domestic fuel supply while creating an industrial hub for petrochemicals and

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Local Corporate News Oil

Omani Oilfield Services Firm DSOG Targets Angola Expansion with Sonangol Pact

Oman’s DSOG Signs Sonangol Pact to Expand Oilfield Services into Angola Omani oilfield services company Desert Sand Oil & Gas (DSOG) has signed a memorandum of understanding (MoU) with Angola’s national oil company Sonangol to explore cooperation in oilfield services and technologies, opening a potential route into Angola’s upstream services market. The agreement was signed by Khalid bin Sultan Al Junaibi, Group CEO of DSOG’s parent company, Al Daham Holding Group, during Oman’s Sultan Haitham

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International Corporate News Oil

Dangote to Proceed with Kenya Refinery Groundbreaking Despite Court Order

Dangote to Proceed with US$16 Billion Kenya Refinery Groundbreaking Despite Land Court Order Dangote Group said a Kenyan court order over a land dispute would not stop the planned groundbreaking of its US$15–16 billion oil refinery in Lamu, although some activities at the site could be affected. The planned refinery, with a capacity of 700,000 barrels per day, is scheduled to begin construction following a groundbreaking ceremony on Wednesday, September 30, attended by Dangote Group

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