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…
International News Oil

Uganda Advances Energy Strategy with New Oil Refinery and Workforce Development

Uganda Partners with UAE Firm to Build Oil Refinery and Boost Skilled Workforce in Energy Sector Uganda is strengthening its national oil strategy by launching a domestic crude oil refinery to complement its export-oriented projects. A new agreement with a UAE-based company will lead to the construction of this key facility, with ownership shared between the foreign investor and the Uganda National Oil Company (UNOC). Construction is expected to commence soon, and the refinery is

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International Corporate News Oil Petroleum

Aiteo Signs Landmark Deal to Build 240,000 bpd Refinery in Mozambique

Aiteo to Build $240K bpd Refinery in Mozambique, Boosting Fuel Supply and Regional Energy Trade Aiteo, one of Africa’s leading energy companies, has signed a landmark engineering, procurement, and construction (EPC) agreement to develop a 240,000 barrels-per-day (bpd) oil refinery in Mozambique. The project is set to dramatically increase domestic fuel production, reduce reliance on imports, and position Mozambique as a key energy hub in Southern Africa. The announcement was made during a signing ceremony

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Local News Transport and Logistics

Angola’s TAAG Airlines to Acquire Boeing 787s in $297M U.S.-Backed Deal

Angola’s TAAG Secures $297M EXIM-Backed Deal for Boeing 787 Jets to Boost Luanda’s New Aviation Hub Angola’s state-owned airline, TAAG Angola Airlines, is set to acquire Boeing 787-10 wide-body aircraft and General Electric Aerospace engines through a $297 million financing package backed by the U.S. Export-Import Bank (EXIM). The agreement, announced Wednesday, will support the delivery of new aircraft and spare engines while strengthening U.S. manufacturing jobs and Angola’s aviation infrastructure. According to Bloomberg, the

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Gold International News

Ghana Plans Gold Export Hedging to Safeguard Reserves

Ghana to Hedge Gold Exports and Regulate Cryptocurrency to Protect Forex Reserves and Ensure Monetary Stability Ghana is preparing to hedge its gold exports in a strategic move to protect the foreign exchange earnings that have significantly strengthened the country’s central bank reserves, according to Bank of Ghana Governor Johnson Asiama. Speaking at an event in Accra, Asiama highlighted that rising gold production and strong global prices have helped push Ghana’s gross international reserves to

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Corporate News International Oil

Dangote Warns Against Africa Becoming a Dumping Ground for Substandard Fuel

Dangote Urges Africa to End Fuel Imports and Boost Local Refining Capacity Aliko Dangote, President of Dangote Industries Limited, has voiced serious concerns over Africa’s growing dependence on imported fuel, warning that the continent risks becoming a dumping ground for substandard petroleum products. Speaking about the motivation behind the $20 billion Dangote Refinery, Dangote said the project was driven by a commitment to help Nigeria achieve energy self-sufficiency and to inspire similar industrial development across

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International News Oil

Egypt’s Diesel Imports Surge to Record Highs Amid Summer Power Crunch

Egypt’s Diesel Imports Hit Record Levels in July, Tightening Global Supply and Fueling European Shortage Egypt is ramping up diesel imports to record levels in July as it scrambles to secure backup fuel for power generation amid soaring summer electricity demand. The country’s aggressive diesel buying spree is now impacting global fuel markets—especially in Europe, where supplies are tightening rapidly. According to data from energy analytics firm Vortexa Ltd., cited by Bloomberg, Egypt imported over

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International Corporate News Oil

Kenya Extends Deadline for Lokichar Oil Project as Gulf Energy Prepares New Development Plan

Kenya Pushes Oil Production Timeline to 2025 as Gulf Energy Revises Lokichar Field Development Plan Kenya’s ambition to become a commercial oil producer has taken a new turn, as the Energy and Petroleum Regulatory Authority (EPRA) has granted Tullow Oil and Gulf Energy an extension to submit their revised Field Development Plan (FDP). This critical document will shape how crude oil from the Lokichar Basin is extracted, transported, and marketed. The extension, now running through

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Corporate News International

Mozambique Clears Path for TotalEnergies to Restart $20 Billion LNG Project

Mozambique Restores Conditions for TotalEnergies to Resume $20 Billion LNG Development in Cabo Delgado Mozambique has established the necessary conditions for TotalEnergies to resume its $20 billion LNG project, the country’s energy minister confirmed. The project, located in Cabo Delgado, originated after the discovery of significant natural gas reserves off the northern coast in 2010 and reached a final investment decision in 2019. In 2021, TotalEnergies suspended operations following a deadly insurgent attack near its

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Corporate News International Oil

Sintana Energy Extends Namibia’s PEL 79 License Through 2026 Amid Growing Offshore Oil Interest

Sintana Energy Secures One-Year Extension for Namibia’s PEL 79, Boosting Offshore Exploration Prospects Sintana Energy has secured a one-year extension for its Petroleum Exploration License 79 (PEL 79) in Namibia’s Orange Basin, now valid through July 2026. The extension, granted by Namibia’s Ministry of Industries, Mines and Energy, covers exploration blocks 2815 and 2915. PEL 79 is held through a joint venture between NAMCOR and Giraffe Energy Investments, with NAMCOR acting as operator. Sintana holds

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Corporate News Gas International

Eni Ghana and Partners Boost Gas Processing Capacity to 270 MMSCFD, Enhancing National Energy Security

Eni Ghana Expands Gas Processing Facilities to 270 MMSCFD, Supporting Cleaner Energy and Power Supply Eni Ghana, together with its partners Vitol Upstream Ghana Ltd and the Ghana National Petroleum Corporation (GNPC), has successfully expanded its gas processing facilities, increasing capacity to 270 million standard cubic feet per day (MMSCFD). This expansion is a vital step toward strengthening Ghana’s energy security and accelerating the country’s transition to cleaner energy sources. Since its launch in 2018,

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