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Gold International News

Ghana Plans Gold Export Hedging to Safeguard Reserves

18, July, 202518, July, 2025

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

18, July, 202518, July, 2025

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

18, July, 202518, July, 2025

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

18, July, 202518, July, 2025

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

16, July, 202516, July, 2025

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

16, July, 202516, July, 2025

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

16, July, 202516, July, 2025

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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International Gas News Oil

DRC and Tanzania Deepen Energy Ties with New Joint Committee on Oil and Gas

15, July, 202515, July, 2025

DRC and Tanzania Strengthen Oil and Gas Cooperation with Joint Technical Committee and Updated MoU The Democratic Republic of the Congo (DRC) and Tanzania have agreed to establish a joint technical committee to enhance collaboration in the oil and gas sector. The announcement followed a bilateral meeting held on July 8 between Aime Sakombi Molendo, the DRC’s Minister of Hydrocarbons, and Dr. Doto Biteko, Tanzania’s Deputy Prime Minister and Minister of Energy. The newly formed

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Gold International News

Gold Price Edges Up 0.35% as Global Uncertainty Sustains Demand

15, July, 202515, July, 2025

DRC Gold Prices Rise Slightly to $108.60 per Gram Amid Global Economic Caution The price of gold—one of the Democratic Republic of Congo’s (DRC) most strategic export minerals—saw a modest increase of 0.35% on international markets during the week of July 14 to 19, 2025. According to a statement from the National Commission of Mercuriales under the Ministry of Foreign Trade, gold traded at $108.60 per gram, up from $108.22 the previous week. Experts say

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Gold International News

Gold Prices Rise Slightly as DRC Faces Call to Strengthen Mining Value Chain

15, July, 202515, July, 2025

DRC Gold Prices Inch Up 0.35% Amid Global Tensions; Experts Urge Local Refining and Traceability The price of gold—a critical mineral resource for the Democratic Republic of Congo (DRC)—has seen a modest increase on the international market. From July 14 to 19, 2025, the price of one gram of gold rose by 0.35%, reaching $108.60, up from $108.22 the previous week, according to a press release from the National Commission of Mercuriales under the Ministry

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