Oil & Gas - Copperbelt Katanga Mining

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

International Oil & Gas Petroleum

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

July 11, 2025July 11, 2025 Constance

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