Oil & Gas - Copperbelt Katanga Mining

Dangote Refinery Expands into Namibia with 1.6M-Barrel Fuel Storage to Supply Southern Africa 1

Dangote Refinery to Build Major Fuel Storage Facility in Namibia to Boost Southern Africa Distribution Dangote Petroleum Refinery is set to build a large-scale fuel storage facility in Namibia with the capacity to hold over 1.6 million barrels of gasoline and diesel, according to two sources cited by Reuters. The project marks a significant step in the company’s strategy to expand its fuel distribution network across Southern Africa and reshape regional energy trade. The planned facility will serve as a key hub for distributing refined products to Namibia, Botswana, Zambia,… Read More Here

Mining in Zambia Economy Oil & Gas

Zambia’s Govt Receives K105.4 Million Dividend from TAZAMA Pipelines

June 26, 2025June 26, 2025 Constance

The Government of Zambia has received a dividend of K105.4 million from TAZAMA Pipelines Limited for the financial year ending December 31, 2024, marking a significant milestone in the performance of the state-owned energy infrastructure company. Speaking at the dividend handover ceremony in Lusaka, Minister of Finance and National Planning, Dr. Situmbeko Musokotwane, MP, praised TAZAMA’s leadership for delivering strong financial results and reaffirmed the Government’s commitment to modernizing the energy sector. “This dividend represents more than just a financial return,” Dr. Musokotwane stated. “It reflects improved efficiency and governance… Read More Here

Mining in DRC Oil & Gas Petroleum

DRC Cuts Fuel Subsidy Losses by 89 Percent in Major Economic Reform

May 25, 2025May 25, 2025 Constance

President Félix Tshisekedi of the Democratic Republic of Congo (DRC) has commended Deputy Prime Minister and Minister of Economy, Daniel Mukoko Samba, for achieving a dramatic reduction in revenue shortfalls owed to petroleum product distributors operating in the country. In an official letter, Anthony Nkinzo, Director of the Office of the Head of State, praised the achievement, highlighting the impact of reforms introduced by the Ministry of Economy. “The rigor and transparency of the adopted methodology, along with the significant 89% reduction in losses and shortfalls between 2023 and 2024,… Read More Here

International Energy Oil & Gas Uranium

Namibia Eyes Investment Rebound on Uranium, Oil, and Green Hydrogen Projects

May 22, 2025May 22, 2025 Constance

Namibia expects a strong rebound in foreign direct investment (FDI) this year following a 25% decline in 2024, driven by the restart of uranium operations and increased activity in oil exploration and green hydrogen projects. The southern African country is actively positioning itself to attract renewed capital in these strategic sectors, according to Francois van Schalkwyk of the Namibia Investment Promotion and Development Board. “Several international oil companies are continuing to invest not only in exploration but also in supporting services for future development,” he noted. “We anticipate that at… Read More Here

Mining in DRC Contracts & tenders Oil & Gas

DRC to Revise Petroleum Code After Failed Oil Tender, Eyes U.S. Partnerships

May 21, 2025May 21, 2025 Constance

The Democratic Republic of Congo (DRC) is preparing a comprehensive overhaul of its Petroleum Code, with a draft reform expected to be submitted to the Council of Ministers within three months before being forwarded to Parliament, according to Hydrocarbons Minister Aimé Sakombi Molendo in an interview with Jeune Afrique. The proposed revision follows the unsuccessful July 28, 2022, tender for 27 oil blocks — a process that fell short due to several key factors: an uncompetitive tax regime, insufficient seismic data, and the inclusion of protected environmental areas within some… Read More Here

Mining in DRC Oil & Gas Partnership

Angola and DRC Deepen Strategic Ties Through Oil and Infrastructure Cooperation

May 15, 2025May 15, 2025 Constance

Angola and the Democratic Republic of Congo (DRC) are strengthening their bilateral relationship through joint hydrocarbon exploration, power grid integration, and regional transport development. Key projects such as the co-development of Block 14/23 in the Maritime Zone of Common Interest, electricity interconnection initiatives, and the Lobito Corridor railway are expected to advance cross-border trade and energy security, underscoring the value of regional collaboration. In April, Angola’s government approved a landmark agreement defining revenue sharing and compliance terms for Block 14/23, a key offshore oil concession jointly developed with the DRC.… Read More Here

Oil & Gas Mining in DRC

DRC to Overhaul Petroleum Code in Bid to Attract Global Investors

May 14, 2025May 14, 2025 Constance

In an interview with Jeune Afrique, Democratic Republic of Congo’s Minister of Hydrocarbons, Aimé Sakombi Molendo, announced that the country will undertake a complete revision of its Petroleum Code. According to him, the reform proposal will be submitted to the Council of Ministers within the next three months before being forwarded to Parliament for approval. Explaining the need for this reform, the Minister cited the failure of the oil block tender launched on July 28, 2022, which offered 27 petroleum blocks. The current code’s tax regime was deemed unattractive. Other… Read More Here

Mining in DRC Exploration Oil & Gas

DRC Finalises Division of Cuvette Centrale with 52 New Oil Exploration Blocks

May 6, 2025May 6, 2025 Constance

The Democratic Republic of Congo (DRC) has officially opened 52 new oil exploration blocks in the Cuvette Centrale sedimentary basin, according to a recent announcement by Minister of Hydrocarbons, Aimé Sakombi Molendo. This marks the completion of the basin’s division into exploration zones. The process was carried out in coordination with the Ministry of Environment to ensure that boundaries of protected areas were respected. The newly designated blocks add to the three exploration areas previously awarded to state-owned COMICO, located in Mbandaka, Lokoro, and Busira. The Cuvette Centrale region is… Read More Here

Mining in Zambia Oil & Gas

Zambia’s Energy Ministry Opens Bidding for Tazama Pipeline Access

April 28, 2025April 28, 2025 Constance

The Ministry of Energy has officially opened the bidding process for oil marketing companies (OMCs) seeking access to the Tazama pipeline. This follows the successful completion of a review of the guidelines governing the Tazama Pipeline Open Access Framework. According to Principal Public Relations Officer Bob Sianjalika, both local and foreign OMCs are now invited to submit their bids for the use of the pipeline to transport diesel from Dar es Salaam to Zambia. The deadline for submitting bids is set for April 30, 2025. Sianjalika emphasized that the open… Read More Here

Mining in DRC Corporate News Oil & Gas

DRC Grants Oil Rights to Sonahydroc in Shift Toward State-Led Energy Strategy

April 19, 2025April 19, 2025 Constance

At its April 11 Council of Ministers meeting, the Democratic Republic of Congo (DRC) approved a draft decree granting petroleum rights directly to the state-owned Société Nationale des Hydrocarbures du Congo (Sonahydroc). This decree establishes the legal and fiscal framework for the transfer, aligning with the country’s oil and gas law enacted on August 1, 2015. The move signals a renewed push by the DRC to revitalize oil exploration and increase domestic production, aiming to better capitalize on its untapped hydrocarbon potential. The plan includes the immediate allocation of blocks… Read More Here