Oil & Gas - Copperbelt Katanga Mining

DRC Boosts Oil Revenue and Fights Fraud with Innovative Fuel Traceability Program 1

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

Mining in Zambia Oil & Gas Petroleum

Zambia Strengthens Energy Security with Approval of Two Strategic Cross-Border Pipelines

February 28, 2026February 28, 2026 Constance

Zambia Approves Tanzania and Namibia Pipeline Projects to Boost Energy Security and Support Mining Growth Zambia has taken a significant step toward reinforcing its long-term economic resilience, with Cabinet approving the construction of two major cross-border energy projects: the Tanzania–Zambia Multi Products Pipeline and the Namibia–Zambia Refined Petroleum and Natural Gas Pipeline. These new corridors are designed to complement the existing TAZAMA Pipelines Limited infrastructure and diversify Zambia’s fuel import routes, reducing reliance on a single supply channel. Moving Beyond Single-Route Dependence Since its commissioning in the 1960s, the TAZAMA… Read More Here

Mining in DRC Events & Expos Oil & Gas Partnership

Puma Energy Partners with Hass Petroleum to Launch Lubricants in DRC

February 16, 2026February 16, 2026 Constance

Puma Energy Teams Up with Hass Petroleum to Introduce Premium Lubricants in DRC Puma Energy and Hass Petroleum have announced a strategic partnership to distribute Puma Energy’s lubricants across the Democratic Republic of Congo (DRC). The agreement was finalized during the Investing in African Mining Indaba conference in Cape Town. The collaboration marks the debut of the Puma Energy lubricants brand in the DRC. Under the partnership, Hass Petroleum will handle the distribution and marketing of high-performance lubricants, supporting critical sectors including mining and industrial operations in one of Africa’s… Read More Here

Mining in DRC Economy Oil & Gas Petroleum Taxes

DRC Oil Tax Reform Delivers Sharp Revenue Gains and Strengthens Public Finances

January 29, 2026January 29, 2026 Constance

DRC Oil Tax Reform Boosts Petroleum Revenues by Over 1,700%, Easing Pressure on Public Finances The Democratic Republic of Congo’s reform of oil-related tax expenditures is beginning to deliver measurable benefits for public finances, with official data showing petroleum revenues rising by more than 1,700% following the introduction of coordinated fiscal and regulatory measures. The reform was launched against a backdrop of rapidly rising oil tax expenditures, which reached US$1.6 billion in 2022 before easing to US$1.1 billion in 2023. Over the two-year period, these expenditures accounted for nearly 15%… Read More Here

Mining in Zambia Oil & Gas Petroleum

Zambia and Tanzania Strengthen Petroleum Cooperation in High-Level Talks

January 16, 2026January 16, 2026 Constance

Zambia, Tanzania Agree on Fuel Supply Arrangements to Secure Petroleum Deliveries via TAZAMA Pipeline The Ministers of Energy of Zambia and Tanzania today held a high-level bilateral meeting in Dar es Salaam, reaffirming their long-standing partnership in petroleum cooperation and regional energy security. The engagement brought together senior government officials from both countries to deliberate on petroleum supply logistics, infrastructure management, and policy coordination, with a shared goal of ensuring a stable and reliable fuel supply for Zambia. The Zambian delegation was led by Minister of Energy Mr Makozo Chikote… Read More Here

Mining in Zambia Economy Oil & Gas

Zambian Ambassador Concludes Benguela Visit with Strategic Tour of Lobito Oil Refinery

January 15, 2026January 15, 2026 Constance

Zambia’s Ambassador to Angola Tours Lobito Oil Refinery, Boosting Regional Energy and Trade Links His Excellency Rev. Dr. Elias Munshya, Zambia’s Ambassador to Angola, concluded an official working visit to Benguela Province with a technical tour of the Lobito Oil Refinery, a flagship energy infrastructure project within the Lobito Corridor framework. The visit took place on Wednesday, January 14, 2026, and marked the final engagement of the Ambassador’s programme in Benguela, which aimed to strengthen strategic infrastructure links and enhance economic cooperation between Zambia and Angola. During the tour, Ambassador… Read More Here

Uncategorized Mining in DRC Oil & Gas Taxes

DRC Oil Tax Revenues Surge After Subsidy and Exemption Reforms

December 25, 2025December 25, 2025 Constance

DRC Oil Tax Revenue Jumps from 4 to 70 Billion Francs Following Fuel Subsidy Reforms The Democratic Republic of Congo has recorded a sharp increase in monthly oil tax revenues since July 2025, with collections rising from 4 billion to 70 billion Congolese francs. The surge follows the implementation of tax expenditure reforms targeting the oil sector, according to the Ministry of Finance. Finance Minister Doudou Fwamba Likunde announced the development during a press conference held on Monday, December 22, 2025, at the Kinshasa Financial Center. The briefing formed part… Read More Here

International Corporate News Mergers & Acquisitions Oil & Gas

Glencore to Acquire Majority Stake in Dutch Fuel Supplier FincoEnergies

December 23, 2025December 23, 2025 Constance

Glencore Expands Northwest Europe Fuel Footprint with Majority Acquisition of FincoEnergies Global commodities trader and mining group Glencore has agreed to acquire a majority stake in Dutch fuel supplier FincoEnergies for an undisclosed amount, the company announced on Monday. The transaction will strengthen Glencore’s presence in Northwest European fuel markets, where FincoEnergies is a leading player in wholesale fuel distribution as well as biofuels and other low-carbon fuel segments, according to industry sources. Large trading houses such as Glencore have increasingly pursued strategic assets across the oil and fuel supply… Read More Here