Oil & Gas - Copperbelt Katanga Mining

Tazama Pipelines Declares Over K120 Million Dividend to Zambia as Profit Exceeds K180 Million 1

Tazama Pipelines Reports Strong Financial Results, Declares Major Dividends to Zambia and Tanzania Tazama Pipelines Limited has declared a dividend of more than K120 million to the Government of Zambia, reflecting strong financial performance for the reporting period. Board Chairperson Professor Ephraim Munshifwa announced that the Government of Tanzania will also receive over K60.1 million in dividends, underscoring the cross-border nature of the pipeline company’s ownership structure. Professor Munshifwa further disclosed that the company recorded a profit exceeding K180.5 million during the period under review, highlighting improved operational efficiency and… Read More Here

When Good Oils Go Bad

June 29, 2026June 29, 2026 Constance0 comment

Part 1 – Oils don’t die, they degrade There are certain things in life that improve with age. Wine and whisky develop deeper, more complex flavours. Bonsai trees mature into highly valued works of art and even acoustic guitars and violins are said to improve in tone as the wood ages and the instrument opens up. Unfortunately, the list of things that don’t improve with time is far longer. Our physical health declines, sometimes along with our sense of humour. Metals corrode, paint fades and, perhaps less romantically but more… Read More Here

International Corporate News Oil & Gas Sponsored Content

When Good Oils Go Bad Part 2

June 29, 2026June 29, 2026 Constance0 comment

Oxidation: When Oil Gets Old Oxidation – the focus of part 2 of WearCheck’s “When Good Oils Go Bad” series – is one of the most common chemical reactions we encounter in everyday life. It occurs when fuel burns, when steel rusts, when wounds are cleaned with hydrogen peroxide and even when a cut apple turns brown. In lubricating oils, oxidation is no less familiar and no less damaging. Put simply, oxidation is the chemical reaction between a lubricant and oxygen. Over time, this reaction alters the oil’s chemistry, leading… Read More Here

Mining in DRC Oil & Gas Petroleum

DRC Government Orders Relocation of Fuel Depots from Residential Areas in Kinshasa

June 23, 2026June 23, 2026 Constance0 comment

Kinshasa Fuel Depots to Be Moved to N’sele as DRC Strengthens Safety and Modernizes Hydrocarbon Infrastructure The Congolese government has launched a major initiative to reorganize petroleum product storage in Kinshasa, aiming to improve urban safety and modernize the country’s hydrocarbon supply chain. During an inspection visit to the communes of Kalamu and Limete, Minister of State for Hydrocarbons Acacia Bandubola announced that fuel depots currently operating in residential neighborhoods will be relocated to a dedicated storage zone in the commune of N’sele. Operators affected by the measure have been… Read More Here

Oil & Gas Mining in Zambia Petroleum

Zambia Raises Diesel and Kerosene Prices as Global Oil Costs Climb

April 30, 2026May 1, 2026 Constance

Zambia Fuel Prices May 2026: Diesel, Kerosene and Jet A-1 Increase While Petrol Holds Steady The Energy Regulation Board (ERB) has announced revised petroleum pump prices for May 2026, with increases in diesel, kerosene, and Jet A-1, while petrol prices remain unchanged. The adjustment follows the regulator’s monthly review, which recorded a continued rise in international oil prices driven largely by geopolitical tensions in the Middle East. During the review period, global petrol prices increased by 5.77%, from $114.51 to $120.28 per barrel. Diesel prices saw a sharper rise of… Read More Here

International Battery Metals Energy Oil & Gas

Mozambique and China Forge Strategic Pact to Develop Minerals, Energy and Security Capacity

April 27, 2026April 27, 2026 Constance

Mozambique–China Agreement Targets Critical Minerals, Gas Development and Security Cooperation in Northern Provinces Mozambique is strengthening its strategic relationship with China through a broad cooperation agreement that combines defence collaboration, geological mapping, and industrial investment aimed at unlocking one of Africa’s most resource-rich frontiers. The deal underscores Beijing’s expanding role in the continent’s mineral and energy sectors and reflects Maputo’s push to accelerate development in its northern regions. The announcement followed high-level talks in Beijing between Chinese President Xi Jinping and Mozambican President Daniel Chapo, culminating in a joint statement… Read More Here

International Corporate News Oil & Gas

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

April 16, 2026April 16, 2026 Constance

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 Constance

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 Constance

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 Constance

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