Angolan Mining Oil & Gas - Page 7 of 412 - Top Angolan News for Oil, Gas and Mining Industries

Local News Oil

Angola Launches Cabinda Refinery to Boost Domestic Fuel Supply and Exports

12, May, 202612, May, 2026

Angola’s First New Refinery in 50 Years Starts Output in Cabinda, Reducing Fuel Imports and Strengthening Energy Security Angola’s Cabinda refinery, the country’s first new refinery since independence from Portugal 50 years ago, has officially begun supplying fuel to both domestic and international markets. The launch comes at a time of heightened global fuel supply concerns linked to geopolitical tensions in the Middle East. Before the Cabinda facility, Angola relied on a single refinery located

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International Corporate News Energy Oil

Eni Moves to Exit Nigerian Onshore Oil Sector with Sale of Remaining Stake in Renaissance JV

12, May, 202612, May, 2026

Eni to Sell Final 5% Stake in Nigeria’s Renaissance Africa Energy JV as Major Oil Majors Exit Onshore Assets Eni is preparing to sell its remaining 5% stake in the Renaissance Africa Energy joint venture in Nigeria, marking another step in the gradual withdrawal of major international oil companies from the country’s onshore oil sector. The company said the identity of the buyer and the value of the transaction will remain confidential for now. The

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International Renewable Energy

Renewvia Energy Expands Solar Mini-Grid Operations Across Four African Countries to Tackle Energy Poverty

12, May, 202612, May, 2026

Renewvia Energy to Invest $750M in Solar Mini-Grids Across Uganda, Rwanda, Ethiopia, and DR Congo to Expand Electricity Access in Sub-Saharan Africa Renewvia Energy Corp. is accelerating its expansion of solar-powered mini-grid projects across Africa as energy companies intensify efforts to address the continent’s persistent electricity shortage. The Atlanta-based renewable energy firm plans to enter Uganda, Rwanda, Ethiopia, and the Democratic Republic of Congo. The expansion is expected to require approximately $750 million in investment

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International News Oil

Libya Shuts Down Zawiya Refinery After Armed Clashes Near Key Oil Facility West of Tripoli

12, May, 202612, May, 2026

Libya’s Zawiya Oil Refinery Halts Operations After Violent Clashes Near Tripoli Escalate Security Crisis Libya, Africa’s second-largest oil producer, has suspended operations at its largest refinery following violent clashes near the facility west of Tripoli. The shutdown underscores the country’s ongoing security challenges and the continued vulnerability of its critical energy infrastructure. Shutdown of Zawiya Refinery On May 8, 2026, the Zawiya Oil Refinery, Libya’s largest processing facility with a capacity of more than 120,000

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International News Oil

U.S. Nigerian Crude Oil Imports Fall 15% in Q1 2026 as Africa Trade Share Shifts

12, May, 202612, May, 2026

U.S. Imports of Nigerian Crude Decline in Early 2026 Amid Supply Disruptions and Shifting African Trade Flows In the first quarter of 2026, the United States imported approximately $578.78 million worth of crude oil from Nigeria, marking a 15.06% decline compared to the same period in 2025. Data from the U.S. Census Bureau and the Bureau of Economic Analysis indicates a notable contraction in both value and volume of imports from the West African producer.

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Corporate News International Oil

Dangote Conditions East Africa Refinery Investment on Strong Anti-Dumping Policies

12, May, 202612, May, 2026

Dangote Links $15–$17 Billion East Africa Refinery Plan to Anti-Dumping Protection in Kenya and Region Aliko Dangote has indicated that he will only proceed with a proposed major oil refinery investment in East Africa if regional governments implement robust anti-dumping measures to protect local refining industries from cheaper imported fuel. The Nigerian billionaire is exploring the development of a large-scale refinery in Kenya, potentially modeled on his existing 650,000-barrels-per-day facility in Nigeria, currently the world’s

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International Gold Mining Projects

Zimbabwe’s Mutapa Investment Fund Seeks $250 Million to Expand Gold Mining Operations

12, May, 202612, May, 2026

Zimbabwe’s Mutapa Investment Fund Targets $250 Million Financing to Boost Gold Production Mutapa Investment Fund is seeking to raise $250 million to expand its gold mining operations as part of a broader strategy to strengthen Zimbabwe’s mining sector and increase output of one of the country’s key export commodities. The state-owned sovereign wealth fund, which controls Mutapa Gold Resources, has already initiated discussions with local financial institutions. The first phase of the financing plan involves

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International Corporate News Oil Petroleum

Dangote Refinery Gains From Strait of Hormuz Crisis as Africa Seeks Alternative Fuel Supplies

12, May, 202612, May, 2026

Aliko Dangote Profits From Strait of Hormuz Disruption as African Nations Scramble for Fuel Security The closure of the Strait of Hormuz has become a major financial windfall for Nigerian billionaire Aliko Dangote, as global energy disruptions drive up refining margins and increase demand for alternative fuel suppliers. According to a senior executive at the Dangote refinery, fertiliser prices have doubled while jet fuel margins have risen sharply due to tightening global supply conditions. Speaking

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Diamonds Corporate News International

Lucara Reports Strong Financing Progress and Underground Expansion Momentum at Karowe Mine

10, May, 202610, May, 2026

Lucara Diamond Strengthens Balance Sheet as Karowe Underground Project Advances Toward 2028 Production Lucara Diamond Corporation has reported a “transformational” first quarter, driven by the successful completion of equity and bond financing for its Karowe underground project (UGP) in Botswana. The funding milestone has significantly strengthened the company’s balance sheet and positioned it for long-term value creation. For the three months ended March 31, Lucara recorded revenue of US$21.8 million, reflecting a higher proportion of

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Corporate News Diamonds International

Petra Diamonds Launches Cost Cuts as Debt Rises and Market Pressures Hit Operations

10, May, 202610, May, 2026

Petra Diamonds Reviews Capex and Considers Finsch Mine Suspension Amid Weak Diamond Prices and Rising Debt London-listed Petra Diamonds has launched an urgent review of costs and capital expenditure (capex) across its operations as it moves to protect liquidity amid sustained pricing pressure in the global diamond market. The company is also considering suspending further capex at its Finsch mine in South Africa due to escalating cost pressures. In its operational update for the quarter

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