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International Gas News

Coral Sul LNG Platform to Contribute $16 Billion to Mozambique Over 30-Year Lifespan

9, July, 20259, July, 2025

Over its projected 30-year operational lifespan, the Coral Sul floating liquefied natural gas (LNG) platform is expected to contribute approximately 16 billion US dollars to the Mozambican state through taxes and fees. This estimate was revealed on Tuesday during a media visit to the Coral Sul platform, organized by Mozambique’s Ministry of Mineral Resources and Energy. Operated by Italian energy company ENI, the platform is managed locally by ENI Rovuma Basin. During the visit, ENI

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International Corporate News Energy Oil

Afreximbank’s $4 Billion Backing Powers Dangote Refinery and Africa’s Energy Transformation

9, July, 20259, July, 2025

The African Export-Import Bank (Afreximbank), the continent’s leading development financier, has revealed that its total financial support to the Dangote Refinery and Petrochemical Complex has exceeded $4 billion. This was disclosed by the bank’s President and Chairman of the Board, Prof. Benedict Oramah, during the closing session of Afreximbank’s 32nd Annual Meetings held on Friday. Oramah attributed the bank’s ability to fund such a massive project to its adoption of what he termed “African Best

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Gold International News

Mali Moves to Sell Seized Gold from Barrick Mine Amid Ongoing Dispute

9, July, 20259, July, 2025

Mali’s court-appointed administrator has announced plans to sell one metric ton of gold—valued at approximately $107 million—that was previously seized from the Loulo-Gounkoto gold complex, a site operated by Canadian mining giant Barrick Gold. The sale marks a major development in the ongoing dispute between the Malian government and Barrick. According to Reuters, the gold sale decision was made as part of the government’s broader effort to reassert control over the mining site and address

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Corporate News International Oil

Dangote Refinery to Rely Entirely on Nigerian Crude by End of 2025

9, July, 20259, July, 2025

The Dangote Refinery, Africa’s largest oil processing facility, will transition to using only Nigerian crude by the end of 2025, according to Devakumar Edwin, Vice President of Dangote Industries. The $20 billion refinery—owned by Aliko Dangote, Africa’s richest man—currently processes 650,000 barrels of oil per day. In June 2025, the facility sourced approximately 53% of its crude from Nigerian producers, with the remainder imported from countries such as the United States, Brazil, Angola, Ghana, and

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International News Oil

Ghana Declares Commerciality of Eban-Akoma Oil and Gas Discoveries

9, July, 20259, July, 2025

The Ministry of Energy and Green Transition has officially declared the Eban-Akoma oil and gas discoveries in the Cape Three Points Block 4 (CTP-B4) as commercially viable, marking a major milestone in Ghana’s upstream petroleum sector. The Declaration of Commerciality (DoC) was submitted by a joint venture comprising Eni Ghana Exploration & Production Ltd, Vitol Upstream Tano Ltd, Woodfields Upstream Ghana Ltd, and GNPC Exploration & Production Company Ltd (Explorco), in collaboration with the Ghana

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International Corporate News Gold

Azumah Resources Begins Construction of Black Volta Gold Mine in Ghana

9, July, 20259, July, 2025

A major gold mining project in Ghana’s Upper West Region has officially entered the development phase, marking a significant step forward for an initiative long in the making. Azumah Resources Ghana Limited has commenced full-scale construction of the Black Volta Gold Mine, following years of exploration, planning, and recent delays. The Ghanaian-owned company, supported by both domestic and international investors, confirmed it has secured funding from existing shareholders and has begun preparatory work at the

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International Corporate News Oil

Dangote Plans to List Refinery and Fertilizer Plants on Stock Market by 2026

9, July, 20259, July, 2025

Africa’s richest man, Aliko Dangote, is moving forward with long-anticipated plans to list two of his industrial giants—Dangote Oil Refinery and Dangote Fertiliser Limited—on the Nigerian stock market. Although the idea has circulated for some time, recent developments suggest definitive timelines have now been set, particularly for the refinery. Dangote recently announced that his $20 billion oil refinery will be listed on the Nigerian Exchange (NGX) by the end of 2026. During a visit by

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Local Corporate News Oil

Etu Energias Launches Drilling Campaign at Angola’s Block 2/05 to Boost Oil Output

6, July, 20256, July, 2025

Etu Energias Launches Drilling Campaign at Angola’s Block 2/05 to Boost Oil OutputAngolan private energy firm Etu Energias has officially commenced drilling operations at Block 2/05, located in the shallow waters off Zaire Province. The SMS ESSA jack-up rig arrived at the site on June 25 and began operations on June 27, marking a significant milestone in the block’s redevelopment strategy. The new drilling campaign includes: Three development wells One exploration well Five technical interventions

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Corporate News Diamonds Local

Angola’s SODIAM Raises $15.5 Million from Special Diamond Auction

1, July, 20251, July, 2025

Angola’s National Diamond Trading Company (SODIAM) has announced it raised $15.5 million from the sale of 17 special diamond stones in its latest auction. The diamonds were sourced from four mining companies: Lulo, Kaixepa, Chitotolo, and Luele. This marked the 14th auction organized by SODIAM, with evaluation sessions taking place from Monday to Thursday last week. A total of 865.19 carats were sold, generating a return that exceeded expectations by 23.33%, according to the company.

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Local Economy Governance News

Angola’s President Calls for Stronger US-Africa Trade Ties

30, June, 202530, June, 2025

Angolan President João Lourenço emphasized the importance of strengthening US-Africa trade relations during a high-level summit in Luanda last week. He called for a shift from aid-based engagement to mutually beneficial trade and investment, urging a reassessment of existing US tariffs on African exports. President Lourenço stressed that Africa offers far more than traditional sectors like oil and mineral extraction. He encouraged US companies to explore high-potential industries such as automotive manufacturing, shipbuilding, tourism, cement

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