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Local News Oil

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

13, May, 202513, May, 2025

The President of the Angola–United States Chamber of Commerce, Pedro Godinho, has called for an urgent revision of Angola’s current Foreign Exchange Law for the oil sector to prevent further corporate insolvency. Speaking to the press on Thursday in Luanda, following a meeting with the Vice President of the Republic, Esperança da Costa, Godinho emphasized that fiscal instability is hindering the creation of a favorable business environment for both local and foreign investment. According to

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Corporate News Diamonds Economy Local

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

13, May, 202513, May, 2025

The Director General of Luele Mining Company (SML), Rômulo Mucasse, announced in Saurimo that stable performance indicators in diamond extraction, processing, and recovery could enable the company to produce 6.7 million carats during the current fiscal year. He recalled that the Luele project, inaugurated by the President of the Republic roughly a year and a half ago, has become one of the key assets in Angola’s diamond sector. Alongside Catoca Mining Company, Luele now contributes

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Local News Transport and Logistics

Lobito Corridor Investment Opportunities Presented in Huambo

13, May, 202513, May, 2025

The Ministries of Transport and Planning joined forces to host a seminar last Friday in the city of Huambo, aimed at showcasing the investment potential and opportunities along the Lobito Corridor. Held at the Manuel Rui Monteiro Cultural Center, the event focused on presenting the Railway Branch Line and Freight Terminal Project of the Caála Logistics Platform. It brought together local entrepreneurs from various sectors, including agriculture, livestock, transport, and construction. During the seminar, Adriana

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Oil

Ghana Resumes Crude Processing with First Angolan Oil Delivery to Sentuo Refinery

12, May, 202512, May, 2025

Ghana has taken a significant step toward reviving its domestic fuel production with the arrival of its first shipment of Angolan crude oil at the Sentuo Refinery, following a six-month operational pause. The cargo was delivered by the Greek-operated Suezmax tanker Nicolaos, which docked at the refinery after loading approximately 500,000 barrels of Palanca crude on April 25. According to vessel tracking data, the ship was scheduled to offload between May 3 and 5 at

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Corporate News Diamonds International

Alrosa Unearths 468-Carat Diamond, the Largest Gem-Quality Rough in Russian History

12, May, 202512, May, 2025

Alrosa has discovered a 468.30-carat fancy amber-colored diamond, the largest gem-quality rough stone ever found in Russia, surpassing the miner’s previous record of 401 carats set in 2013. The historic stone was recovered from one of Alrosa’s mines in the Yakutia region, the company announced last week. CEO Pavel Marinychev highlighted the timing of the discovery, which follows the unveiling of the “New Sun,” a fancy vivid yellow diamond over 100 carats—the largest ever manufactured

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Corporate News Diamonds International

De Beers Launches First Diamond Auction in Botswana After Relocation from Singapore

12, May, 202512, May, 2025

De Beers has held its first diamond auction in Botswana following the relocation of its sales operations from Singapore, marking a significant step in consolidating its global trading activities in Gaborone and boosting operational efficiency. The company announced the move on Friday, stating that the transfer reinforces Botswana’s status as a key player in the global diamond value chain. A small-scale pilot auction during De Beers’ third sales cycle attracted “substantial interest,” with strong customer

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International News Oil

South Sudan Restarts Oil Exports Through Sudan After Pipeline Repairs

12, May, 202512, May, 2025

South Sudan has resumed crude oil exports through Sudan’s port following the repair of a key pipeline damaged during Sudan’s ongoing civil conflict, providing a critical financial lifeline for Juba. The pipeline was shut down in April 2023 after it ruptured in White Nile State, an area controlled by the Rapid Support Forces (RSF) amid intense fighting with the Sudanese Armed Forces (SAF). The conflict displaced millions and worsened an already dire humanitarian situation. According

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International Energy

Middle Eastern Investment in African Energy Surges Past $6 Billion

12, May, 202512, May, 2025

Middle Eastern countries have either expressed interest in or finalized deals worth over $6 billion in African energy assets in recent weeks, highlighting the region’s growing strategic focus on the continent’s energy sector. One of the most prominent players is Abu Dhabi National Oil Company (Adnoc), which has reportedly been shortlisted to acquire Shell Plc’s downstream assets in South Africa, valued at approximately $1 billion, according to sources familiar with the matter. Adnoc and other

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Corporate News Gas Oil

KNOC to Expand Egypt Oil Investments

12, May, 202512, May, 2025

Petroleum Minister Karim Badawi held discussions with KNOC CEO Dong Sub Kim and his delegation to explore investment and cooperation opportunities in Egypt’s oil and gas sector. KNOC showed strong interest in expanding its investments, focusing on four areas in the Gulf of Suez and the Western Desert. Dana Petroleum Ltd. and the Petro Nefertiti joint venture are managing these investments. Badawi stressed that Egypt’s petroleum sector has the capacity and expertise to deliver large-scale

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International Corporate News Energy Petroleum

Kosmos Energy Commits $2 Billion to Boost Ghana’s Petroleum Sector

12, May, 202512, May, 2025

Kosmos Energy is investing $2 billion to expand its upstream operations in Ghana, signaling strong international confidence in the country’s petroleum industry and its regulatory direction. Ghana’s Minister of Energy, John Jinapor, announced the investment as a pivotal step toward the nation’s ambition to become West Africa’s premier energy investment destination. “This investment will transform Ghana’s energy sector,” Jinapor stated, noting the government’s commitment to regulatory reforms and transparency. He also revealed plans to revamp

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