Oil & Gas - Copperbelt Katanga Mining

Trafigura Signs $1bn Oil-Backed Financing Deal with Gabon to Boost Liquidity 1

Gabon secures $1 billion oil-backed financing from Trafigura in seven-year crude supply deal to strengthen public finances and investment spending Global commodities trader Trafigura has signed a $1 billion oil-backed financing agreement with the government of Gabon, providing upfront liquidity in exchange for future crude oil deliveries over a seven-year period. Announced on Wednesday, the arrangement will see Trafigura extend prepayment financing to the Gabonese state while acting as the exclusive buyer of the country’s “profit oil” the share of crude allocated to the government after production costs are recovered… Read More Here

Mining in DRC Oil & Gas Petroleum

DRC Moves to Secure Fuel Supply from Dangote Refinery Amid Global Market Pressures

April 16, 2026April 16, 2026 Constance0 comment

Democratic Republic of Congo explores fuel imports from Dangote refinery as it seeks to diversify petroleum supply sources and strengthen energy security The Democratic Republic of Congo is exploring the possibility of sourcing petroleum products from Nigeria’s Dangote refinery as it moves to strengthen fuel supply security amid ongoing pressures in global refined product markets, according to the Ministry of National Economy. Deputy Prime Minister and Minister of Economy Daniel Mukoko Samba recently visited Nigeria as part of efforts to secure stable fuel imports for the country. The ministry said… Read More Here

Mining in Zambia Oil & Gas

Zambia Launches US$1.1 Billion Oil Refinery Project to Boost Energy Security

April 11, 2026April 11, 2026 Constance0 comment

Zambia Launches US$1.1 Billion Crude Oil Refinery Project in Ndola to Boost Energy Security and Industrial Growth The Zambian Government has officially launched the construction of a US$1.1 billion crude oil refinery in Ndola, marking a significant milestone in efforts to strengthen the country’s energy security and accelerate industrial development. Speaking at the ground-breaking ceremony, Minister of Energy Makozo Chikote said the project is being driven by the private sector through Fujian Xiang Xin Corporation under the Zambia Petrochemical Energy Company, signalling growing investor confidence in Zambia’s business environment. Mr… Read More Here

Mining in DRC Oil & Gas Petroleum

DRC Strengthens Energy Sovereignty with New Oil Infrastructure Contracts

April 8, 2026April 8, 2026 Constance0 comment

Democratic Republic of Congo signs oil infrastructure contracts to boost state control and energy autonomy The Democratic Republic of Congo has taken a significant step toward strengthening energy sovereignty with the signing of new oil infrastructure operating contracts. The agreements, signed on Tuesday, April 8, 2026, in Kinshasa, formalize collaboration between SEP Congo SA and the National Company for the Management of Oil Infrastructure (ENGIP-RDC SA). The ceremony was held at the Ministry of Portfolio under the leadership of Minister Julie Shiku, with the Minister of State for Hydrocarbons, Acacia… Read More Here

Mining in Zambia Oil & Gas Petroleum

President Hichilema Warns Against Fuel Hoarding Amid Global Energy Crisis

March 22, 2026March 22, 2026 Constance

Zambia’s President Hakainde Hichilema Condemns Fuel Hoarding, Calls for Supply Chain Stability President Hakainde Hichilema has issued a stern warning to oil marketing companies against hoarding fuel and creating artificial shortages, describing such practices as sabotage against the Zambian people. Speaking at a high-level meeting with petroleum industry stakeholders in Lusaka, convened to discuss the impact of the escalating Middle East conflict on global energy markets, President Hichilema questioned why filling stations continue to run dry despite Zambia holding between 30 and 60 days of fuel reserves. “Our clear priority… Read More Here

Mining in Zambia Oil & Gas Petroleum

Zambia Diesel Shortage Linked to Pipeline Supply Delays, NOMA Says

March 15, 2026March 15, 2026 Constance

Zambia Fuel Shortage Caused by Delayed Diesel Releases from TAZAMA Pipeline, NOMA Says The National Oil Marketing Association (NOMA) has attributed the recent shortage of diesel and other petroleum products in Zambia to limited access to fuel supplies rather than stockpiling by oil marketing companies. In a statement issued on March 13, the association said its members operating under the regulatory supervision of the Energy Regulation Board (ERB) are facing distribution constraints due to delayed releases of diesel through the TAZAMA Pipeline. Supply Constraints, Not Hoarding NOMA rejected public claims… Read More Here

Mining in DRC Oil & Gas Petroleum

DRC Govt Reviews Oil Market Risks With Petroleum Distributors

March 15, 2026March 15, 2026 Constance

DRC Monitors Global Oil Price Volatility as Government Meets Fuel Distributors Amid Middle East Tensions The Deputy Prime Minister and Minister of National Economy of the Democratic Republic of the Congo, Daniel Mukoko Samba, held a working meeting with the Professional Group of Petroleum Product Distributors (GPDPP) in Kinshasa on Tuesday, March 10, 2026, to review developments in global hydrocarbon markets and assess their potential impact on the country’s fuel supply. According to a statement from the Ministry of National Economy, the meeting provided an opportunity to evaluate the situation… Read More Here

Mining in DRC Oil & Gas Petroleum

DRC Boosts Oil Revenue and Fights Fraud with Innovative Fuel Traceability Program

March 10, 2026March 10, 2026 Constance

Molecular Marking of Petroleum in DRC Drives Revenue Growth and Reduces Fuel Smuggling The Democratic Republic of Congo (DRC) is taking significant steps to combat fraud in its hydrocarbon sector, addressing a long-standing problem of fuel smuggling that has resulted in major tax losses. To tackle this challenge, the government has implemented a pioneering technological reform: molecular marking of petroleum products. This initiative is designed to clean up the fuel supply chain and strengthen state revenues through advanced traceability measures. The program, led by MAMO RDC SARL in partnership with… Read More Here

International Oil & Gas Petroleum

Oil Prices Surge as Middle East Conflict Shakes Global Energy Markets

March 7, 2026March 7, 2026 Constance

Brent Oil Nears $93 as US–Israel Conflict with Iran Fuels Supply Fears in the Persian Gulf Global energy markets are experiencing heightened volatility as the conflict involving the United States, Israel and Iran enters its seventh day, raising concerns about disruptions to global oil supply. Military strikes and retaliatory attacks in the Persian Gulf have increased tensions across the region, triggering a sharp rise in oil prices and fueling fears of a prolonged supply shock. As of Saturday, March 7, 2026, the price of Brent crude the global benchmark for… Read More Here

Mining in Zambia Oil & Gas Petroleum

Zambia Assures Public of Stable Fuel Supply Amid Middle East Tensions

March 5, 2026March 5, 2026 Constance

Zambia Fuel Supply Secure Despite Middle East Conflict, Energy Minister Says The Zambian government has reassured citizens that escalating geopolitical tensions in the Middle East are not expected to have an immediate impact on the country’s fuel supply or pump prices. Speaking at a press briefing today, Makozo Chikote, Zambia’s Minister of Energy, said the country currently has sufficient petroleum reserves that were procured earlier at lower international prices. “In the short term, over the next month, Zambia is not expected to experience an immediate increase in pump prices because… Read More Here