Oil & Gas - Copperbelt Katanga Mining

Zambian Ambassador Concludes Benguela Visit with Strategic Tour of Lobito Oil Refinery 1

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

Mining in DRC Oil & Gas

DRC Govt Strengthens Oversight of Mining Fuel Use to Boost Compliance and Revenue

December 22, 2025December 22, 2025 Constance

DRC Mining Companies Must Comply with New Fuel Regulations as Government Launches Strict Inspections The Democratic Republic of Congo (DRC) government has issued a formal reminder to mining companies operating in the southeastern provinces of Haut-Katanga and Lualaba to comply with new regulations governing fuel use in the sector. The reminder, issued in a December 10, 2025 letter signed by Ministers of Hydrocarbons Acacia Bandubola Mbongo and Mines Louis Watum Kabamba, comes after repeated refusals by some mining operators to allow inspections by the Petroleum Product Marking Brigade. These inspections… Read More Here

Mining in Zambia Energy Oil & Gas

Zambia’s Energy Permanent Secretary Tours Tazama Pipeline to Strengthen Fuel Security

December 18, 2025December 18, 2025 Constance

Zambia Energy Permanent Secretary Inspects Tazama Pipeline to Reinforce National Fuel Security Zambia’s newly appointed Permanent Secretary for Energy, Professor Ephrahim Munshifwa, has undertaken a familiarisation tour of the Tazama Pipeline to gain firsthand insight into the country’s critical petroleum infrastructure and to reinforce the strategic importance of fuel security. Professor Munshifwa began his visit with a courtesy call at the Provincial Office, where he met with Provincial Permanent Secretary Lawrence Mwanza. He then proceeded to inspect the Tazama storage tanks and the Ndola Fuel Terminal (NFT). During engagements with… Read More Here

Mining in Zambia Oil & Gas

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

November 30, 2025November 30, 2025 Constance

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