Oil & Gas - Copperbelt Katanga Mining

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

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

Mining in Zambia Oil & Gas Petroleum

Zambia’s First Diesel Offloading Marks Key Milestone in Energy Reform

April 7, 2025April 7, 2025 Constance

The offloading of Zambia’s first diesel consignment under the newly introduced Open Access Framework has officially begun at the TAZAMA tanks in Dar es Salaam, marking a significant step in the country’s petroleum sector reform. The inaugural shipment, totaling 95,000 metric tonnes of diesel under Lot 1 for April 2025, is the first to be imported by Oil Marketing Companies (OMCs) using the Open Access model. This new framework allows independent importation of petroleum products through the TAZAMA Pipeline, aiming to enhance fuel supply efficiency and foster competition within the… Read More Here

Mining in Zambia Oil & Gas

Three Oil Marketing Companies Secure Contracts Under TAZAMA Pipeline Open Access

February 10, 2025February 10, 2025 Constance

The TAZAMA Pipeline Open Access Selection Committee has awarded contracts to three oil marketing companies (OMCs) to supply low-sulfur gas oil to Zambia, marking a significant step in the country’s fuel supply strategy. Indeni Energy Company Limited, Boltt Global Solutions Limited, and a joint venture between Titanium Oil Corporation and ADNOC will begin utilizing the TAZAMA Pipeline in April 2025. According to the Ministry of Energy, each company has been contracted to supply 35,000 metric tonnes of diesel, totaling 105,000 metric tonnes. The contracts are valued at $2.94 million, with… Read More Here

Mining in Zambia Oil & Gas Petroleum

Tazama Pipelines Enhances Diesel Flow with New Drag Reducing Agent

February 2, 2025February 2, 2025 Constance

Tazama Pipelines has introduced a drag reducing agent (DRA) to improve the efficiency and flow of diesel through its network. This chemical reagent reduces friction within the pipeline, enhancing the movement of gasoil. As a result, the daily diesel pumping capacity has increased from 2.8 million liters to 3.6 million liters. Speaking at the launch event in Dar es Salaam, Energy Minister Makoso Chikote emphasized that this project highlights the commitment of both the Zambian and Tanzanian governments to reforming the petroleum sector. He added that the use of the… Read More Here

Oil & Gas International

Rwanda Announces First Oil Discovery in Lake Kivu

January 19, 2025January 19, 2025 Constance

Rwanda has confirmed its first-ever oil discovery, identifying 13 reservoirs in Lake Kivu, which lies along its border with the Democratic Republic of Congo (DRC). “We have oil,” announced Francis Kamanzi, CEO of the Rwanda Mines, Petroleum, and Gas Board, during a parliamentary hearing, as reported by local media outlet Igihe. The discovery follows more than a decade of exploration efforts in the lake. Kamanzi expressed optimism about uncovering additional reserves, noting the significant oil deposits already identified in neighboring Uganda and the DRC within the Great Lakes region. Despite… Read More Here

Mining in DRC Oil & Gas Petroleum

Global Oil Price Hike Boosts DRC Revenue but Poses Local Economic Challenges

January 12, 2025January 12, 2025 Constance

The price of a barrel of oil, one of the Democratic Republic of Congo’s (DRC) key export products, rose by 1.00% on international markets, reaching $73.38 during the week of December 20–27, 2024, up from $72.65 the previous week, according to the Central Bank of Congo (BCC). This rebound follows a 1.53% decline the prior week and is attributed to China’s announcement of an expansionary fiscal policy aimed at revitalizing its economy. The price increase presents mixed outcomes for the DRC: Economists emphasize the need for balanced management of these… Read More Here

Mining in DRC Oil & Gas

DRC Ratifies Hydrocarbon Cooperation Agreement with Uganda

January 4, 2025January 4, 2025 Constance

Following approval by both the National Assembly and Senate during the September session, Law No. 24/022 of December 30, 2024, authorizing the ratification of a cooperation agreement on the exploitation of hydrocarbons and joint deposits between Uganda and the Democratic Republic of Congo (DRC), has been promulgated by President Félix-Antoine Tshisekedi. The announcement was made on Tuesday, December 31, 2024, through a series of orders broadcast on national television (RTNC). This ratified agreement, signed in Kampala on June 23, 1990, and January 25, 2008, was presented by Minister of Hydrocarbons,… Read More Here

Mining in DRC Oil & Gas

Molendo Sakombi Presents Draft Laws to Boost Cross-Border Oil Management with Angola and Uganda

December 15, 2024December 15, 2024 Constance

Last Thursday, the Minister for Hydrocarbons of the Democratic Republic of Congo (DRC), Molendo Sakombi, presented two draft laws to the National Assembly aimed at improving the management and exploitation of oil resources in cross-border areas shared with Angola and Uganda. The first draft law, signed in July 2023, addresses governance and management agreements for the common oil zone. The second draft law involves an amendment signed on October 3, 2024, between the DRC and Angola. Additionally, the second law references agreements signed with Uganda on June 23, 1990, and… Read More Here

Mining in DRC Oil & Gas Petroleum

EquityBCDC Leads $282 Million Syndication to Support DRC’s Oil Sector

December 15, 2024December 15, 2024 Constance

EquityBCDC has announced the second drawdown of $282 million from its landmark syndication with FirstBank DRC SA, Ecobank RDC, and Standard Bank. This initiative, in collaboration with the Congolese government, aims to finance the country’s oil debt and ensure stability in the distribution of petroleum products nationwide. Of the total drawdown, EquityBCDC contributed $156 million, building on the success of the initial $123.5 million drawdown. The effective management of the first tranche has bolstered confidence in this second phase, which is designed to support oil companies and mitigate any potential… Read More Here