Angolan Mining Oil & Gas - Page 74 of 390 - Top Angolan News for Oil, Gas and Mining Industries

Lobito Corridor Gains Global Momentum as Zambia Deepens EU-Italy Partnerships

23, June, 202523, June, 2025

Zambia has strengthened its global development partnerships following a high-level summit on the Mattei Plan and the European Union’s Global Gateway, held in Rome. The meeting, co-hosted by Italian Prime Minister Giorgia Meloni and European Commission President Ursula von der Leyen, reaffirmed Italy and the EU’s support for Zambia through the transformative Lobito Corridor Project. Representing Zambia at the summit was Minister of Finance and National Planning, Hon. Dr. Situmbeko Musokotwane. The event brought together

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International Oil

Nigeria’s $5 Billion Oil-Backed Loan Deal with Aramco Stalls Amid Falling Crude Prices

19, June, 202519, June, 2025

Nigeria and Saudi oil giant Aramco are struggling to finalize a proposed $5 billion oil-backed loan, as declining global crude prices raise concerns among potential financiers and reduce the appeal of the deal. If completed, the agreement would represent Nigeria’s largest oil-backed borrowing to date and Aramco’s most significant financial engagement in the country. However, sources familiar with the matter say the falling price of oil may lower the deal’s overall value, complicating negotiations and

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International Gas

Egypt Secures Over $8 Billion in LNG Deals to Avert Power Crisis Amid Energy Struggles

19, June, 202519, June, 2025

Egypt has finalized agreements with several major energy companies and global trading houses to purchase 150–160 cargoes of liquefied natural gas (LNG) through 2026, as the country races to secure fuel for its power grid amid deepening energy and economic challenges. Valued at more than $8 billion based on current market prices, the LNG procurement underscores the growing financial strain on Egypt’s government, already grappling with falling domestic gas production, a foreign currency shortage, and

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Corporate News International Oil Petroleum

Dangote Refinery Set to Disrupt Nigeria’s Fuel Market with Free Direct Distribution and Credit Incentives

19, June, 202519, June, 2025

Nigeria’s downstream petroleum sector is bracing for a major shake-up following the announcement by Dangote Petroleum Refinery that it will begin direct, free distribution of Premium Motor Spirit (PMS) and diesel across the country, starting August 15, 2025. Unveiled on Sunday, June 15, the plan includes the deployment of 4,000 Compressed Natural Gas (CNG)-powered tankers to deliver fuel directly to petrol stations, manufacturers, aviation companies, telecom operators, and other large-scale consumers. This move bypasses traditional

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International Energy Renewable Energy

Egypt Launches First Grid-Scale Battery Storage to Power Clean Energy Future

19, June, 202519, June, 2025

AMEA Power, in collaboration with the International Finance Corporation (IFC) and the Egyptian government, is deploying Egypt’s first grid-scale Battery Energy Storage System (BESS). This landmark project marks a significant step toward stabilizing the national grid and accelerating the country’s transition to renewable energy. To fund the initiative, IFC has committed a $72 million loan to the Abydos Solar Project Company, a subsidiary of AMEA Power. The financing supports the integration of a 300 MWh

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International News Renewable Energy

Zambia Launches $40 Million Solar Power Project to Energize Public Institutions

19, June, 202519, June, 2025

The Government of Zambia has formalized a $40 million partnership to deploy 50 megawatts (MW) of solar power across 209 public institutions in the Eastern Province, marking a major step toward the country’s clean energy transition. The initiative falls under the Presidential Solar Initiative, spearheaded by President Hakainde Hichilema, which aims to add 1,000 MW of solar energy to Zambia’s national grid by 2025. The agreement was signed between Zambian firm Accura Logistics and international

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International Gold News

Mali Begins Construction of Russia-Backed Gold Refinery to Assert Resource Sovereignty

19, June, 202519, June, 2025

Mali has officially begun construction of a new gold refinery backed by Russia, a move the country’s military leadership says will strengthen national control over its vast natural resources. The facility, which will have a refining capacity of 200 tons per year, is being built in partnership with Russia’s Yadran Group and a Swiss investment firm. The Malian government will maintain a controlling stake in the project. Speaking at the groundbreaking ceremony in Senou, near

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Economy Local News Transport and Logistics

Lobito Corridor Seen as Key Driver of Angola’s Economic Transformation

17, June, 202517, June, 2025

The Lobito Corridor is being regarded by members of the Benguela Business Alliance as a strategic route for the large-scale distribution of national production. This view was shared with Jornal de Angola by Adérito Areias, president of the Alliance. According to Areias, the infrastructure is expected to drive the country’s economic development by facilitating the movement of goods and promoting regional growth. “We must see the Lobito Corridor as a tool for development and take

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Oil Corporate News

Sonangol and MIT Sign Strategic Cooperation Agreements

17, June, 202517, June, 2025

Sonangol and the Massachusetts Institute of Technology (MIT) signed two strategic cooperation agreements: the MIT Industrial Liaison Program (MIT-ILP) and MIT-Africa, the latter of which includes the Global Classroom and Global Teaching Labs initiatives. The signing ceremony took place during an official visit by a high-level Angolan delegation, led by the Minister of Mineral Resources, Petroleum, and Gas, Diamantino Azevedo, and attended by senior executives, public sector managers, and officials from Angola’s energy and mining

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Local News Transport and Logistics

$15 Million in Environmental Funding Expected for Lobito Corridor by Year-End

17, June, 202517, June, 2025

A total of 15 million US dollars is expected to be made available by the end of this year to support environmental initiatives and projects along the Lobito Corridor, announced the Vice-Governor for the Technical and Infrastructure Sector on Monday in Cuito. According to José Fernando Tchatuvela, who shared the news during a meeting with a multi-sectoral delegation from the Angolan Government visiting Bié Province, the funding is part of a broader support initiative backed

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