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International Oil

Egypt Ramps Up Oil Drilling in Gulf of Gharib to Boost Domestic Production

23, April, 202523, April, 2025

Egypt has launched a renewed oil exploration campaign in the Gulf of Gharib, a region in the Eastern Desert, with plans to drill 75 new wells over the next year. The initiative is being led by the state-owned Egyptian General Petroleum Corporation (EGPC), which is deploying three advanced drilling rigs to accelerate development in this modest but strategically important oil-producing region. Currently producing around 1,500 barrels per day, the Gulf of Gharib is expected to

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Local Economy Mining

Angola to Anchor New Africa-Latin America Copper Route

23, April, 202523, April, 2025

The multinational company PLASFER, which specializes in raw material exports, is advancing administrative and technical processes to leverage the Lobito Corridor as a “New Copper Industry Export Route.” This strategic logistics route aims to connect the Democratic Republic of Congo (DRC), Angola, Latin America, and Europe. PLASFER has spent over three years developing an innovative project in the DRC, in collaboration with partners across Europe and the Americas. The company considers this new logistics initiative

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Local Economy Mining

Angola Shifts Focus to Local Value Creation in Mining Sector

23, April, 202523, April, 2025

Angola is moving beyond its traditional role as a mere supplier of raw materials, declared the Minister of Mineral Resources, Petroleum, and Gas, Diamantino Azevedo, on Wednesday in Huambo Province. “We want to create value here. We want to cut stones here, refine here, transform here, and employ people here. We want the wealth extracted to circulate within Angola and benefit Angolans,” said the minister during the Mining Investment Forum taking place in the southern

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International News Oil

Turkey’s Tüpraş Boosts Nigerian Oil Exports Amid Diversification of Supply Sources

23, April, 202523, April, 2025

Turkey’s largest oil refinery, Tüpraş, has emerged as a new buyer of Nigerian crude, placing fresh orders for cargoes scheduled for delivery in March and April. This marks a significant boost for Nigeria’s oil export ambitions as the country seeks to ramp up production and increase foreign exchange earnings. The transaction, tracked by global commodity data firm Kpler, confirms shipments to Tüpraş but does not specify the exact volumes. The deliveries, expected over a two-month

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International Exploration Gas Oil

Turkey Expands Energy Reach with New Exploration Plans in Bulgaria, Libya, and Iraq

21, April, 202521, April, 2025

Turkey is actively negotiating new oil and gas exploration deals in Bulgaria, Iraq, and Libya as part of a broader push to boost domestic production and strengthen its role as a regional energy hub, according to Energy Minister Alparslan Bayraktar. State-owned energy company Turkiye Petrolleri AO (TPAO) is expected to sign an agreement within the coming month with an undisclosed foreign partner to conduct offshore exploration in Bulgaria’s section of the Black Sea, Bloomberg reported.

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Corporate News Diamonds International

De Beers Launches Third Enterprise Development Cohort to Boost South Africa’s Diamond Beneficiation

21, April, 202521, April, 2025

De Beers Group, in collaboration with business incubator Raizcorp, has launched the third intake of its Enterprise Development Project for Diamond Beneficiators, a flagship initiative aimed at empowering entrepreneurs in South Africa’s diamond industry. In a media statement, De Beers reaffirmed its commitment to fostering growth, transformation, and inclusivity within the local diamond beneficiation sector. A Strategic Investment in Local EntrepreneursFirst introduced in 2016, the three-year programme supports entrepreneurs across the diamond value chain—from rough

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Corporate News Exploration Oil

ReconAfrica Expands Into Angola Through Strategic Oil Exploration Deal

21, April, 202521, April, 2025

ReconAfrica has signed a Memorandum of Understanding (MOU) with Angola’s National Oil, Gas and Biofuels Agency (ANPG) to jointly explore the Etosha-Okavango Basin in southeastern Angola. The agreement marks a significant expansion of ReconAfrica’s exploration footprint in the Damara Fold Belt and Rift Basin, adding 5.2 million acres in Angola to its existing 6.3 million acres in Namibia. This low-cost entry into Angola’s onshore sector comes with minimal work obligations and aligns with the company’s

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Corporate News International Oil

TotalEnergies Begins Public Consultations for Venus Oil Project in Namibia

21, April, 202521, April, 2025

TotalEnergies has launched a series of public consultations in Namibia as part of the environmental and social impact assessment (ESIA) for its proposed offshore Venus oil project. Consultations will be held this week in Windhoek, with sessions scheduled for April 22 at the Franco-Namibian Cultural Centre and April 23 at the United Nations Plaza. The Venus project, located offshore Namibia, is expected to produce approximately 150,000 barrels of oil per day in its first phase.

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Oil Gas International

Tanzania to Launch First Oil and Gas Licensing Round in Over a Decade

21, April, 202521, April, 2025

Tanzania will launch its first oil and gas licensing round in more than ten years in May 2025, with a formal event planned in the United Kingdom, according to the Petroleum Upstream Regulatory Authority (PURA). The bidding round will offer 26 exploration blocks, located in Lake Tanganyika and the Indian Ocean, as part of Tanzania’s renewed efforts to tap into its hydrocarbon potential and attract foreign investment. PURA Director General Charles Sangwenj confirmed that data

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Corporate News Exploration International Oil

Chevron and Others Exit Egypt’s Red Sea Blocks After Exploration Disappointments

21, April, 202521, April, 2025

Several multinational oil and gas companies, including Chevron, have withdrawn from Egypt’s Red Sea concession blocks following unsuccessful exploration efforts, according to the Egyptian Ministry of Petroleum. In 2019, Egypt awarded exploration licenses in the Red Sea to Chevron, Shell, and Abu Dhabi’s Mubadala Investment Company through an international bidding round aimed at positioning the country as a regional energy hub. “These companies invested millions of dollars within the agreed timelines,” said Moataz Atef, ministry

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