Oil & Gas - Copperbelt Katanga Mining

Zambia Greenlights $1.1 Billion Crude Oil Refinery in Strategic Industrial Partnership 1

Zambia Issues $1.1 Billion License for Major Crude Oil Refinery to Boost Energy Security and Jobs In a landmark move for Zambia’s industrial and economic growth, the Zambia Development Agency (ZDA) has granted an investment license to China Zambia Petrochemical Corporation (CZPC) for a $1.1 billion crude oil refinery project. The venture is a strategic collaboration between Zambia’s state-owned Industrial Development Corporation (IDC) and China’s Fujian Xiang Xin Corporation. The license handover underscores the government’s commitment to enhancing national industrial capacity and energy security. The planned refinery, with a capacity… Read More Here

International Oil & Gas

Angola Inaugurates $4 Billion Gas Processing Plant in Soyo to Boost Energy Diversification

November 28, 2025November 28, 2025 Constance

Angola Launches $4 Billion Soyo Gas Plant to Strengthen LNG Production and Industrial Growth Angolan President João Lourenço has inaugurated a $4 billion gas processing plant in Soyo, marking a major step in the country’s strategy to diversify its energy sector beyond crude oil. The project positions Angola to become a key player in Africa’s natural gas and liquefied natural gas (LNG) markets. Developed by the Novo Consórcio de Gás (NCG), the facility has the capacity to process 400 million cubic feet of gas per day from Angola’s first standalone… Read More Here

Mining in Zambia Oil & Gas

Zambia Approves Investor Licence for Ndola Oil Refinery Project

November 19, 2025November 19, 2025 Constance

Zambia Approves $510 Million Oil Refinery Project in Ndola as ZDA Issues Investor Licence The Zambia Development Agency (ZDA) has issued an Investor Licence to China Zambia Petrochemical Energy Company Limited, paving the way for the launch of a USD 510.49 million oil refinery in Ndola, Copperbelt Province. The project, expected to create 454 jobs, will be developed through a Special Purpose Vehicle (SPV) partnership between the Industrial Development Corporation (IDC) and Xiang Xin Holding Co. Limited. A Boost to Zambia’s Industrialisation Drive The refinery will be located in the… Read More Here

International Corporate News Oil & Gas Press Release

IRH, Delfin LNG and Vitol Forge 20-Year LNG Sale and Purchase Agreement

November 7, 2025November 7, 2025 Constance

International Resources Holding RSC Ltd. (IRH), a leading mine-to-market platform and subsidiary of ePointZero, has signed a 20-year Heads of Agreement (HoA) with Delfin LNG LLC (Delfin) and Vitol Inc. (Vitol) for the purchase and sale of 1.0 million tonnes per annum (MTPA) of liquefied natural gas (LNG) from Delfin’s export facility in the United States. Under the agreement, Delfin LNG, a leading U.S.-based export infrastructure company, will supply LNG on a free-on-board (FOB) basis to Vitol, one of the world’s largest independent energy traders, which will act as the… Read More Here

International Oil & Gas

Angola’s Cabinda Refinery Set to Cut Fuel Imports and Boost Domestic Production by 2025

September 2, 2025September 2, 2025 Constance

Angola’s Cabinda Oil Refinery to Begin Fuel Production by 2025, Reducing Reliance on Imports Angola’s long-awaited Cabinda oil refinery, the first new refinery built since the country gained independence nearly five decades ago, is expected to start producing fuel before the end of 2025, Oil and Gas Minister Diamantino Azevedo announced Monday. The 30,000-barrel-per-day (bpd) facility will be Angola’s second refinery and aims to reduce the country’s dependence on costly fuel imports, especially as the government gradually phases out fuel subsidies that have sparked violent protests in recent years, according… Read More Here

International Corporate News Oil & Gas Petroleum

Dangote Refinery Reshapes West and Central Africa’s Fuel Market

August 28, 2025August 28, 2025 Constance

Dangote Refinery Ends Nigeria’s Fuel Import Dependence, Boosts Exports Across Africa and Beyond The Dangote Petroleum Refinery has emerged as a game-changer in West and Central Africa’s energy landscape, ending decades of dependence on imported petroleum products and positioning Nigeria as a net exporter of refined fuels. With a processing capacity of 650,000 barrels per day, the refinery is the largest in Africa and has rapidly transformed regional trade flows. Since operations began, it has produced substantial volumes of diesel, gasoil, jet fuel, and petrol, meeting Nigeria’s domestic demand while… Read More Here

Oil & Gas Mining in DRC News in Brief

DRC Oil Prices Record Modest Weekly Gain but Remain on Downward Trend

August 28, 2025August 28, 2025 Constance

DRC Oil Prices Rise 1.8% to $67.7 per Barrel Despite Yearly Decline The price of a barrel of oil, one of the Democratic Republic of Congo’s (DRC) key export commodities, rose to US$67.7 on August 22, 2025, up from US$66.9 the previous week, marking a 1.8% increase, according to the Central Bank of Congo’s latest economic report. As of August 21, oil prices were still 9.1% lower than at the end of 2024 and down 19.2% year-on-year, underscoring the sector’s ongoing challenges. Energy analysts say the weekly gain reflects a… Read More Here

Mining in Zambia Oil & Gas Petroleum

Zambia Inks $1.1 Billion Deal for Oil Refinery and Energy Hub in Ndola

July 22, 2025July 22, 2025 Constance

Zambia to Build $1.1 Billion Oil Refinery in Ndola to Cut Fuel Imports and Boost Exports Zambia has signed a landmark $1.1 billion agreement to construct a crude oil refinery and integrated energy complex in Ndola, located in the country’s Copperbelt Province, the government announced Monday. The project, aimed at reducing Zambia’s heavy reliance on imported fuel, will be developed through a partnership between the state-owned Industrial Development Corporation (IDC) and China’s Fujian Xiang Xin Corporation. Construction is scheduled to begin in the third quarter of 2025, with initial commercial… Read More Here

International Corporate News Oil & Gas

Dangote Warns Against Africa Becoming a Dumping Ground for Substandard Fuel

July 18, 2025July 18, 2025 Constance

Dangote Urges Africa to End Fuel Imports and Boost Local Refining Capacity Aliko Dangote, President of Dangote Industries Limited, has voiced serious concerns over Africa’s growing dependence on imported fuel, warning that the continent risks becoming a dumping ground for substandard petroleum products. Speaking about the motivation behind the $20 billion Dangote Refinery, Dangote said the project was driven by a commitment to help Nigeria achieve energy self-sufficiency and to inspire similar industrial development across Africa. “People think building a refinery is like building a house,” Dangote said. “If I… Read More Here

Mining in DRC Oil & Gas Petroleum

DRC and Tanzania Deepen Energy Ties with New Joint Committee on Oil and Gas

July 15, 2025July 15, 2025 Constance

DRC and Tanzania Strengthen Oil and Gas Cooperation with Joint Technical Committee and Updated MoU The Democratic Republic of the Congo (DRC) and Tanzania have agreed to establish a joint technical committee to enhance collaboration in the oil and gas sector. The announcement followed a bilateral meeting held on July 8 between Aime Sakombi Molendo, the DRC’s Minister of Hydrocarbons, and Dr. Doto Biteko, Tanzania’s Deputy Prime Minister and Minister of Energy. The newly formed committee will be responsible for updating the Memorandum of Understanding (MoU) originally signed in 2016… Read More Here