Vital Industry News
Lobito Atlantic Railway Transports Over 50,000 Tonnes of Cargo in First Quarter Angola’s Transport Minister Restructures Key Sector Bodies and Appoints New Leadership UK Ambassador Praises Lobito Corridor as a Catalyst for Angola’s Economic and Regional Integration Angola’s Oil Sector Drives Economic Growth Angola–U.S. Chamber of Commerce Urges Reform of Oil Sector Foreign Exchange Law Luele Mining Aims for 6.7 Million Carats in 2025 Amid Strong Production Performance Lobito Corridor Investment Opportunities Presented in Huambo Ghana Resumes Crude Processing with First Angolan Oil Delivery to Sentuo Refinery Alrosa Unearths 468-Carat Diamond, the Largest Gem-Quality Rough in Russian History De Beers Launches First Diamond Auction in Botswana After Relocation from Singapore
Lobito Atlantic Railway Transports Over 50,000 Tonnes of Cargo in First Quarter Angola’s Transport Minister Restructures Key Sector Bodies and Appoints New Leadership UK Ambassador Praises Lobito Corridor as a Catalyst for Angola’s Economic and Regional Integration Angola’s Oil Sector Drives Economic Growth Angola–U.S. Chamber of Commerce Urges Reform of Oil Sector Foreign Exchange Law Luele Mining Aims for 6.7 Million Carats in 2025 Amid Strong Production Performance Lobito Corridor Investment Opportunities Presented in Huambo Ghana Resumes Crude Processing with First Angolan Oil Delivery to Sentuo Refinery Alrosa Unearths 468-Carat Diamond, the Largest Gem-Quality Rough in Russian History De Beers Launches First Diamond Auction in Botswana After Relocation from Singapore
Transport and Logistics Local News

Lobito Atlantic Railway Transports Over 50,000 Tonnes of Cargo in First Quarter

Local Transport and Logistics

Angola’s Transport Minister Restructures Key Sector Bodies and Appoints New Leadership

Local Economy Transport and Logistics

UK Ambassador Praises Lobito Corridor as a Catalyst for Angola’s Economic and Regional Integration

More Angolan Mining News

Transport and Logistics Local News

Lobito Atlantic Railway Transports Over 50,000 Tonnes of Cargo in First Quarter

Lobito Atlantic Railway (LAR) transported 50,235 tonnes of cargo between January and March 2025. Of…
Local Transport and Logistics

Angola’s Transport Minister Restructures Key Sector Bodies and Appoints New Leadership

Angola’s Minister of Transport, Ricardo Viegas d’Abreu, on Monday, announced a series of restructurings across…
Local Economy Transport and Logistics

UK Ambassador Praises Lobito Corridor as a Catalyst for Angola’s Economic and Regional Integration

The United Kingdom’s Ambassador to Angola, Bharat Joshi, has described the Lobito Corridor as a…
Local Economy News Oil

Angola’s Oil Sector Drives Economic Growth

The oil sector has been one of the fastest-growing industries in Angola in recent years,…
Local News Oil

Angola–U.S. Chamber of Commerce Urges Reform of Oil Sector Foreign Exchange Law

The President of the Angola–United States Chamber of Commerce, Pedro Godinho, has called for an…
Corporate News Diamonds Economy Local

Luele Mining Aims for 6.7 Million Carats in 2025 Amid Strong Production Performance

The Director General of Luele Mining Company (SML), Rômulo Mucasse, announced in Saurimo that stable…
Diamonds International News

Botswana’s Okavango Diamond Seeks $300 Million Credit to Boost Purchases

Botswana’s state-owned Okavango Diamond Company (ODC) is seeking a $300 million credit facility from local banks to support increased diamond purchases, according to Finance Minister Peggy Serame. The move comes as ODC aims to capitalize on its growing share of diamond production from Debswana, a joint venture between Botswana and Anglo American’s De Beers. Established in 2012 as an independent sales channel for the government, ODC currently receives 25% of its diamonds from Debswana. However,

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Diamonds International News

Gem Diamonds Raises 2024 Production and Sales Forecast

London-listed Gem Diamonds, owner and operator of the Letšeng mine in Lesotho, has raised its production and sales guidance for the 2024 full year. The company now expects to recover between 98,000 and 101,000 carats, with sales projected between 100,000 and 103,000 carats. This is an increase from the previous guidance of 88,000 to 92,000 carats for recovery and 91,000 to 95,000 carats for sales. Despite ongoing pressure in the global diamond market, which has

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Oil Petroleum

Executive Committee changes at TotalEnergies

Appointments were made to the Executive Committee at TotalEnergies, effective 1. September: Effective September 1st, 2024, TotalEnergies’ Executive Committee will comprise: Bernard Pinatel’s biography Bernard Pinatel started his career at Booz Allen & Hamilton, before joining TotalEnergies in 1991, where he held various operational positions in production plants and the headquarter of different subsidiaries, including Hutchinson. He became CEO France, and then CEO Europe of Bostik between 2000 and 2006, and Chairman and Chief Executive

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Local Gas News

SonaGás Maintains Cooking Gas Prices Amid High Demand

Pedro de Sá, Operations Director at SonaGás, announced on Tuesday that there is no need to adjust the price of cooking gas despite a recent surge in demand. In an interview with Rádio Nacional, de Sá explained that the increased demand over the past week led to temporary supply imbalances, but these are expected to be resolved shortly. “SonaGás has a daily supply of 1,200 tons of butane gas available for distribution to the northern

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Oil News

Brent Oil Prices Dip Below $80 Amid Market Concerns and Geopolitical Tensions

The price of Brent crude oil, a key benchmark for Angolan exports, dropped by 2.31% on Tuesday, closing at $79.55 per barrel in the London futures market. This decline comes after a three-day rally that had pushed prices above the $80 mark. The drop in Brent prices was driven by concerns on Wall Street regarding crude oil’s future outlook. Major banks, including Goldman Sachs and Morgan Stanley, recently revised their 2025 price forecasts downward, predicting

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Oil International Partnerships Petroleum

South Sudan Partners with China’s Sokec to Modernize Oil Industry

China’s Shengli Oilfield Keer Engineering and Construction Company (Sokec) has signed a landmark agreement with South Sudan’s state-owned Nile Petroleum Corporation (Nilepet) to construct modern oil refinery and storage facilities in the country. The Memorandum of Understanding (MoU) was signed by Sokec President Wu Song and Nilepet Managing Director Muhammad Lino Benjamin. This agreement marks the beginning of Sokec’s investment in South Sudan, the youngest nation in Africa. Benjamin praised Sokec for its contributions to

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International Oil Petroleum

Namibia Targets Top Five Oil Producer Status in Africa by 2035

Namibia aims to become one of Africa’s top five oil producers by 2035, with a goal of reaching a daily output of 500,000 barrels, surpassing Egypt, according to a government official. Ebson Uanguta, the interim managing director of the National Petroleum Corporation of Namibia, announced at an industry event that the country could achieve this target with the deployment of four floating production storage and offloading (FPSO) units by 2035. He cited projections that Namibia

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International News Renewable Energy

Botswana to Launch 100MW Solar Power Plant in Jwaneng, Advancing Renewable Energy Goals

Botswana is set to take a significant step towards energy self-sufficiency with the introduction of a 100MW solar power plant in Jwaneng, led by Sinotswana Green Energy, a consortium of Chinese and local firms. This project marks a major milestone in the nation’s shift towards renewable energy. Traditionally reliant on coal for electricity generation, Botswana’s government has recognized the need to diversify its energy sources and reduce carbon emissions. The country has set an ambitious

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International Exploration Gas

Egypt Opens Bidding for Natural Gas Exploration in 12 Mediterranean and Nile Delta Blocks

The Egyptian Natural Gas Holding Company (EGAS) has announced an international bidding round for natural gas exploration across 12 blocks in the Mediterranean and Nile Delta regions, according to the Ministry of Petroleum and Mineral Resources. The bidding round includes 10 offshore blocks and 2 onshore blocks. Interested parties must submit their bids by February 25th, 2025, as noted by the Egypt Upstream Gateway (EUG). This follows earlier reports that Egypt plans to launch a

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International Oil Petroleum

Nigerian Regulators to Approve Exxon’s $1.3B Asset Sale to Seplat Within Four Months

Nigerian regulators anticipate formal approval of Exxon Mobil Corp.’s $1.3 billion sale of its oil and gas assets to Seplat Energy Plc within the next four months. The transaction, involving Africa’s largest oil exporter, has been pending regulatory approval since 2022. The Upstream Petroleum Regulatory Commission has now indicated that the approval process should be completed within the legally mandated 120-day window, according to Bloomberg. In May, Nigeria’s state oil company reached an agreement that

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