Angolan Mining Oil & Gas - Page 63 of 389 - Top Angolan News for Oil, Gas and Mining Industries

Local Energy News

Huila and Namibe to Join National Grid via Hydroelectric Power by End of 2025

22, July, 202522, July, 2025

Angola to Connect Huila and Namibe to National Power Grid with Hydroelectric Energy by Year End The provinces of Huila and Namibe are set to be connected to Angola’s national electricity grid using hydroelectric power by the end of 2025. The Gove–Matala power transmission line project, along with key substations, is currently 80 percent complete and expected to be finalized by October, according to a statement from the Ministry of Energy and Water. Stretching over

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Corporate News Diamonds Local

Catoca Mining Society Honored in UK for Excellence in Social Responsibility

22, July, 202522, July, 2025

Catoca Mining Society Wins Africa Social Responsibility Award at British Parliament The Catoca Mining Society, Angola’s largest diamond mining company, has been honored with the Corporate Social Responsibility and Community Development Award in Africa, presented by African Leadership Magazine at a ceremony held at the British Parliament in London on July 10. Located in Lunda Sul province, Catoca is responsible for over 60 percent of Angola’s total diamond production. The award recognizes the company’s ongoing

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Diamonds Economy Local News

Angola Diamond Auction Raises 15 Million Dollars Exceeds Expectations by 24 Percent

22, July, 202522, July, 2025

Angola’s Diamond Auction Exceeds Expectations, Raising $15.5M from 17 Rough Stones Angola generated $15.5 million from the auction of 17 special rough diamonds, surpassing expectations by 24.33%, according to a statement released Wednesday by the Angolan National Diamond Trading Company (Sodiam E.P.). The diamonds were sourced from four mining operations: Lulo, Kaixepa, Chitotolo, and Luele. The combined weight of the stones totaled 865.19 carats, Sodiam reported. The breakdown of the proceeds is as follows: The

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Corporate News Gas International

Mozambique Nears Deal with TotalEnergies to Restart $20 Billion LNG Project

22, July, 202522, July, 2025

Mozambique Close to Agreement with TotalEnergies to Resume $20B LNG Project Halted by Insurgency Mozambican President Daniel Chapo says negotiations with TotalEnergies SE to restart a long-stalled $20 billion liquefied natural gas (LNG) project are nearing conclusion, raising hopes for a major economic boost in one of the world’s poorest nations. In a July 19 interview, Chapo confirmed that he recently met with TotalEnergies CEO Patrick Pouyanné to discuss the resumption of the Mozambique LNG

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International News Oil

Galp Energia Boosts 2024 Profit Outlook and Seeks Partner for Massive Namibia Oil Find

22, July, 202522, July, 2025

Galp Raises 2024 Earnings Forecast and Eyes Strategic Partner for 10 Billion-Barrel Namibia Oil Discovery Portuguese energy group Galp Energia has raised its full-year profit forecast after reporting better-than-expected second-quarter results and revealed plans to bring in a development partner for its significant offshore oil discovery in Namibia. The company now expects adjusted EBITDA to exceed €2.7 billion in 2024, up from its previous estimate of €2.5 billion.The revision comes on the back of strong

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International Gas News

Morocco to Begin Construction of $6 Billion Nigeria Gas Pipeline in July

22, July, 202522, July, 2025

Morocco Set to Launch $6 Billion Phase of Nigeria-Morocco Gas Pipeline Project in July 2025 Morocco is set to break ground this July on the $6 billion first phase of the ambitious Nigeria-Morocco Gas Pipeline, a transformative infrastructure project that will stretch more than 5,000 kilometers across West Africa. The pipeline aims to transport natural gas from Nigeria to Morocco, passing through 11 African nations and eventually supplying energy to both African and European markets.

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Diamonds Economy International News

Botswana Faces Currency Pressure as Diamond Revenues Collapse

22, July, 202522, July, 2025

Botswana May Devalue Pula Again Amid 49% Diamond Revenue Drop and Weakening Forex Reserves Citigroup Inc. has issued a warning that Botswana may be forced to devalue its currency once more as falling diamond revenues—the cornerstone of the nation’s economy—put increasing pressure on fiscal and monetary stability. Earlier this month, the Bank of Botswana revised its exchange rate policy, allowing the pula to depreciate by up to 2.76% against a weighted basket of currencies in

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International Gas News Oil

Zambia Inks $1.1 Billion Deal for Oil Refinery and Energy Hub in Ndola

22, July, 202522, July, 2025

Zambia to Build $1.1 Billion Oil Refinery in Ndola to Cut Fuel Imports and Boost Exports Zambia has signed a landmark $1.1 billion agreement to construct a crude oil refinery and integrated energy complex in Ndola, located in the country’s Copperbelt Province, the government announced Monday. The project, aimed at reducing Zambia’s heavy reliance on imported fuel, will be developed through a partnership between the state-owned Industrial Development Corporation (IDC) and China’s Fujian Xiang Xin

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International Gold

Sudan’s Gold Production Hits Record 64 Tonnes in 2024 Despite War and Economic Collapse

22, July, 202522, July, 2025

Sudan’s Gold Boom Amid Chaos: A Lifeline or a Lost Opportunity? Despite a devastating civil conflict, Sudan’s gold production soared to a record 64 tonnes in 2024—marking a 53% increase from 41.8 tonnes in 2022. According to the Sudanese Mineral Resources Company (SMRC), this growth generated $1.57 billion in legal export revenue, providing a crucial lifeline to the nation’s embattled economy. The figures were announced by SMRC Director Mohamed Tahir Omer during a press briefing

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International News Oil

East African Crude Oil Pipeline Hits 64.5% Completion, Driving Regional Growth

21, July, 202521, July, 2025

EACOP Pipeline Reaches 64.5% Completion, Generates $19.5 Million for Tanzania The East African Crude Oil Pipeline (EACOP), also known as the Uganda–Tanzania Crude Oil Pipeline (UTCOP), has reached a major implementation milestone, with 64.5% of construction now complete. The $5 billion cross-border infrastructure project has already generated over TSh50 billion (approximately $19.5 million) in revenue for Tanzania through taxes, levies, and construction-related charges. Spanning 1,443 kilometers, EACOP is set to become the world’s longest heated

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