Angolan Mining Oil & Gas - Page 7 of 401 - Top Angolan News for Oil, Gas and Mining Industries

Sonangol Assures Stable Fuel Supply to Angola Despite Middle East Conflict

7, April, 20267, April, 2026

Sonangol Guarantees Fuel Supply Stability in Angola as Middle East War Disrupts Global Oil Routes Luanda — Angola’s state-owned oil company, Sonangol, has assured the public of the continued supply of fuel to the national market despite escalating conflict in the Middle East that has disrupted key global oil and natural gas transport routes. The assurance was provided last week by Alfredo Alberto, Director of Supplies and Purchasing at Sonangol, who emphasized that fuel distribution

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Corporate News International Oil

BP to Invest $1.5 Billion in Natural Gas Exploration in Egypt

6, April, 20266, April, 2026

BP Commits $1.5B to Boost Natural Gas Production in Egypt’s North Coast and Nile Delta BP has announced plans to invest $1.5 billion in natural gas exploration in Egypt during the 2026–27 fiscal year, signaling its intention to expand operations while supporting Egypt’s goal of strengthening its energy sector and increasing export capacity. The investment will fund the drilling of new exploration wells along the North Coast and in the Nile Delta, areas critical for

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Corporate News International Oil

Dangote Refinery Secures $2.5 Billion from Afreximbank for Expansion

6, April, 20266, April, 2026

Dangote Petroleum Refinery Receives $2.5B Afreximbank Loan to Boost Nigeria’s Fuel Production Nigeria’s Dangote Petroleum Refinery and Petrochemicals has secured $2.5 billion from the African Export-Import Bank (Afreximbank) as part of a $4 billion syndicated term loan, strengthening the financial position of Africa’s largest oil refinery and supporting its next phase of expansion. Afreximbank and Access Bank acted as co-mandated lead arrangers for the five-year facility, which is intended to refinance existing debt and align

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International Corporate News Oil

Namibia Advances Review of Venus Oil Project, Eyeing Major Revenue Boost

6, April, 20266, April, 2026

Namibia Reviews TotalEnergies’ Venus Oil Project Plan, Potentially Generating N$229 Billion in Revenue The Namibian government has begun reviewing the field development plan (FDP) submitted by TotalEnergies for the proposed Venus oil project, moving the initiative closer to negotiations and a final investment decision. Prime Minister Elijah Ngurare stated that the upstream petroleum unit within the Office of the President has made significant progress on technical and policy matters, including an initial assessment of the

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Corporate News Diamonds International

Petra Diamonds Reports Higher Quarterly Revenue as Cullinan Blue Diamond Sale Boosts Performance

6, April, 20266, April, 2026

Petra Diamonds Sells 781,797 Carats in Q3 2026, Books Revenue from Rare Cullinan Blue Diamond Despite Ongoing Market Weakness Petra Diamonds, the London-listed diamond producer, sold 781,797 carats during the quarter ended March 31, the third quarter of its 2026 financial year. Quarterly revenue rose to $68 million, up from $49 million in the previous quarter. However, the average price declined to $87 per carat, an 11% drop from $98 per carat, reflecting a 15%

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Local Economy News Oil

Angola’s Oil Sector Drives Local Investment and Job Creation Amid Recovery Efforts

31, March, 202631, March, 2026

Angola Awards $54.4 Billion in Oil Contracts to Boost Local Content, Jobs, and Economic Diversification Angola’s oil industry awarded contracts worth $54.4 billion between 2022 and 2025, with 97% allocated to domestically registered companies, the Minister of Mineral Resources, Petroleum and Gas, Diamantino Azevedo, announced. Speaking at the Annual Local Content Conference in Luanda, Azevedo said the contracts, approved by the National Agency of Petroleum, Gas and Biofuels (ANPG), cover investments across exploration, development, operations,

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Mergers & Acquisitions Corporate News Local Oil

ETU Energias Expands Offshore Portfolio with Major Block 14 Acquisition in Angola

31, March, 202631, March, 2026

Angola’s ETU Energias Boosts Stake in Block 14 Offshore, Strengthening Production and Revenue Base ETU Energias, Angola’s largest private oil company, has acquired a 20% stake in Block 14 and a 10% stake in Block 14K, both located in the Lower Congo Basin, from Azule Energy, the companies announced last week. The transaction was formalized through a Purchase and Sale Agreement (SPA). In a statement, ETU Energias described the acquisition as “a strategic step in

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Local News Oil

Angola Faces Inflation Risks Despite Rising Oil Prices Amid Middle East Conflict

31, March, 202631, March, 2026

Rising Global Oil Prices Boost Angola’s Revenue but Threaten Inflation, Says Minister Angola could benefit from rising global oil prices due to the ongoing conflict in the Middle East, but the country also faces potential inflationary pressures from higher import costs, the Minister of State for Economic Coordination, José de Lima Massano, warned on Friday. Speaking at the first edition of the conference “Radar Africa – Angola’s Paths” in Lisbon, organized by Jornal de Negócios,

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Local Economy News Oil

Nigeria’s Crude Exports to the U.S. Drop 47% as Angola and Ghana Gain Market Share

31, March, 202631, March, 2026

U.S. Imports of Nigerian Crude Halve in January Amid Rising African Competition The United States sharply reduced its imports of Nigeria’s crude oil in January 2026, cutting volumes by nearly half and highlighting intensifying competition in Africa’s oil sector. Data from the U.S. Census Bureau and Bureau of Economic Analysis show imports fell 47.2% month-on-month, declining from 3.15 million barrels in December 2025 to 1.66 million barrels in January, marking one of the steepest short-term

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Local Mergers & Acquisitions Oil

Botswana Eyes Stake in Angola’s Lobito Refinery to Boost Energy Security

31, March, 202631, March, 2026

Botswana in Talks to Acquire 30% of Angola’s Lobito Oil Refinery Amid Global Fuel Supply Concerns Botswana is moving to secure a stake in a multi-billion-dollar oil refinery project in Angola as countries worldwide seek to safeguard fuel supplies amid rising geopolitical tensions in the Strait of Hormuz. The initiative reflects Botswana’s efforts to strengthen its energy security and reduce vulnerability to global supply disruptions. As a landlocked nation that produces no crude oil, Botswana

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