Angolan Mining Oil & Gas - Page 80 of 295 - Top Angolan News for Oil, Gas and Mining Industries

Local Economy News Transport and Logistics

G7 Investment Set to Transform Angola’s Lobito Corridor

16, July, 202416, July, 2024

Luciano Chilembe, the financial administrator of the Catumbela Industrial Development Pole (PDIC), expressed satisfaction with the recent $320 million financing provided by the Group of Seven (G7) richest countries for projects in the Lobito Corridor. This funding is expected to significantly enhance the region’s infrastructure and economic potential. Chilembe emphasized the critical work ahead in the transport sector and the need for a focused approach to consolidate reforms in agro-industry and related services. He highlighted

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Local Infrastructure Transport and Logistics

Angola-Zambia Road Project to Boost Trade and Economy in Eastern Angola

16, July, 202416, July, 2024

Economists and business leaders in Lunda-Norte believe that the construction of a road connecting Angola and Zambia, part of the Lobito Corridor initiative, will significantly enhance the flow of goods and services between Angola’s eastern provinces and the country’s coast. The project involves constructing an approximately 800-kilometer road from Lobito (Benguela) to Luau (Moxico) on the Angolan side. companies, including a consortium like SIbitech and Queiroz Galvão, as well as AFAVIAS, are involved in the

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Diamonds Local

Lucapa Advances Search for Major Diamond Source at Lulo Mine in Angola

16, July, 202416, July, 2024

Lucapa has intensified its search for the primary source of rough diamonds that supply the Lulo mine in Angola by sampling kimberlites from the nearby Cacuilo River. The miner has identified the area beneath and near the Cacuilo River as a key priority for sampling, believing that the water body carried diamonds from a nearby “mother lode” into Lulo’s alluvial pit. However, severe flooding of the river has previously limited access to this area for

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International Diamonds News

De Beers Increases Flexibility Amid Market Downturn to Support Sightholders

16, July, 202416, July, 2024

De Beers is expanding its flexibility for this month’s sight as the miner responds to the market downturn by limiting supply rather than lowering prices. The company informed clients last week that sightholders could remove certain goods from their allocations of rough diamonds and request larger buybacks than usual. The July sight, beginning next Monday, occurs amid rising inventories and falling prices in the polished diamond sector, particularly in India. De Beers’ customers expect the

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International Gold Mining Projects

Côte d’Ivoire Awards Mining Permit for Koné Project to Montage Gold Corp

16, July, 202416, July, 2024

The Council of Ministers of Côte d’Ivoire has awarded a mining permit for the Koné project to Montage Gold Corp, marking a significant step forward for the company in the region. Montage received mining permits covering a total area of 357 sq km for both its Koné and Gbongogo deposits, valid for 20 years and 8 years respectively. These permits include several advanced high-grade exploration targets, offering opportunities to extend the mine’s life through successful

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Oil Gas International

Egypt to Invest $1.2 Billion in Drilling 110 Gas and Oil Wells

16, July, 202416, July, 2024

Egypt plans to drill 110 exploratory gas and oil wells, investing $1.2 billion during the 2024–2025 fiscal year, according to Minister Karim Badawi. In a meeting with a parliamentary committee reviewing the new government’s program, Badawi stated that by 2030, Egypt aims to have drilled a total of 586 exploratory wells for gas and oil, with a cumulative investment of $7.2 billion. Regarding exploration activities, the minister explained that there are currently 145 active commitment

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International Oil

NOC Successfully Launches New Pipeline from North Hamada to Mellitah Oil Port

15, July, 202415, July, 2024

The National Oil Corporation (NOC) has successfully started operating a new pipeline from the North Hamada oil field to the Mellitah oil port. In a statement on Thursday, the NOC detailed that oil production from the North Hamada field has begun flowing to the Mellitah port via the 250-kilometer (El Feel-Mellitah) pipeline. The corporation reported that crude oil pumping has been consistent and secure, starting from the main storage tanks and reaching the receiving point

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Local News Oil

Angola to Launch Limited Tender Offering 10 Blocks in Kwanza and Benguela Basins by Q1 2025

15, July, 202415, July, 2024

In the first quarter of 2025, Angola’s National Oil, Gas, and Biofuels Agency (ANPG) plans to launch a limited tender offering 10 blocks in the Kwanza and Benguela basins, including five marginal fields—a first for the country. To attract investment in these block opportunities, the ANPG is inviting companies to participate in the upcoming licensing round. Negotiations are already open, and companies are encouraged to contact the ANPG ahead of the official licensing launch. As

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International

Dangote to sell shares of refinery and fertilizer companies by Q1 2025

15, July, 202415, July, 2024

Aliko Dangote has announced plans to list the fertilizer and petrochemical divisions of the Dangote Refinery on the stock exchange in the first quarter of 2025. The President of Dangote Group shared this during a media briefing at the Dangote Refinery. This decision aims to expand the conglomerate’s investor base and unlock additional value for shareholders. “Given the nature of our businesses—both the refinery and the fertilizer—we are targeting the end of this year, but

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International Energy News

South Africa Plans Nuclear Energy Development to Tackle Electricity Issues

15, July, 202415, July, 2024

The South African government recently announced plans to utilize nuclear energy to address its electricity challenges. However, Minister of Electricity and Energy, Dr. Kgosientsho Ramokgopa, emphasized that this initiative would proceed at a pace the country can afford. South Africa recently celebrated an uninterrupted 100-day power supply. Speaking to the media at the Cabinet Lekgotla in Tshwane, Dr. Ramokgopa disclosed that the country plans to develop its nuclear capacity for electricity generation, scaling the project

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