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Category: Petroleum

felix tshisekedi Gecamines 111 Mining in DRC Oil & Gas Petroleum 

Tshisekedi Orders Full Review of DRC’s Oil and Gas Assets

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DRC Orders Comprehensive Review of Oil and Gas Assets as Kinshasa Advances Cooperation with Uganda and Angola President Félix Tshisekedi has directed the Democratic Republic of Congo (DRC) government to conduct a comprehensive review of the country’s oil and gas sector as Kinshasa seeks to unlock its hydrocarbon potential and accelerate new development projects. The review, assigned to State Minister for Hydrocarbons Acacia Bandubola Mbongo, will cover the country’s oil and gas reserves, existing assets, exploration and production licences, ongoing projects, partnerships and the constraints affecting exploration, production and processing.… Read More Here
Zambia Approves New Pipelines to Strengthen Fuel Supply Security 1 Mining in Zambia Oil & Gas Petroleum 

Zambia Approves New Pipelines to Strengthen Fuel Supply Security

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Zambia Approves Tanzania and Namibia Fuel Pipelines to Strengthen Energy Security Zambia’s Cabinet has approved two major regional pipeline projects aimed at diversifying the country’s fuel supply routes, improving energy security and meeting growing petroleum demand. The projects are the Tanzania-Zambia Multi-Products Pipeline (TZMPP) and the Namibia-Zambia Refined Petroleum and Natural Gas Pipeline (NZPGP). The government has also approved a shareholding structure for the new Tanzania-Zambia pipeline. The projects are intended to reduce Zambia’s reliance on existing fuel supply infrastructure and create additional routes for importing petroleum products. The TZMPP… Read More Here
DRC and Angola Finalise Offshore Oil Agreement with $27.8 Billion Revenue Potential for DRC 2 Mining in DRC Oil & Gas Petroleum 

DRC and Angola Finalise Offshore Oil Agreement with $27.8 Billion Revenue Potential for DRC

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DRC, Angola Finalise Offshore Oil Deal with $27.8 Billion in Potential Revenue for Kinshasa The Democratic Republic of Congo (DRC) and Angola have finalised an agreement governing the joint development and exploitation of offshore oil resources, marking a major step in efforts to unlock the country’s petroleum potential. The agreement is expected to generate up to $27.8 billion in potential revenue for the DRC, strengthening the economic significance of its offshore petroleum assets. The deal was formalised following negotiations between the two countries and provides a framework for the development… Read More Here
DRC Certifies $146.7 Million in Petroleum Sector Losses for Q2 2026 3 Oil & Gas Mining in DRC Petroleum 

DRC Certifies $146.7 Million in Petroleum Sector Losses for Q2 2026

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DRC Certifies $146.7 Million in Petroleum Losses and Revenue Shortfalls in Q2 2026 The Democratic Republic of Congo (DRC) has certified $146.72 million in losses and revenue shortfalls incurred by petroleum companies during the second quarter of 2026, highlighting the growing financial pressure on the country’s fuel supply sector. The certification, conducted on August 13 and 14, 2026, covered petroleum operations across the DRC’s four supply zones: Western, Southern, Eastern and Northern. The total certified amount stands at $146,723,912.42. Western and Northern zones lead The Western and Northern zones accounted… Read More Here
DRC Exploits Only 4.5% of Hydrocarbon Potential Despite Vast Oil and Gas Reserves 4 Mining in DRC Oil & Gas Petroleum 

DRC Exploits Only 4.5% of Hydrocarbon Potential Despite Vast Oil and Gas Reserves

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DRC’s 22 Billion-Barrel Oil Potential Remains Largely Untapped as Government Pushes Hydrocarbon Development The Democratic Republic of Congo (DRC) is currently exploiting only a small fraction of its vast hydrocarbon potential, despite estimated reserves of 22 billion barrels of oil and 66 billion cubic metres of gas across its major sedimentary basins. According to Joseph Twite Maloba, President of the Professional Committee of Petroleum Companies of the Federation of Enterprises of Congo (FEC South) and Vice-President of the National Hydrocarbons Commission of the FEC, the country is using only about… Read More Here
Angola and DRC Deepen Energy Cooperation on Shared Offshore Hydrocarbon Resources 5 Mining in DRC Energy Oil & Gas Petroleum 

Angola and DRC Deepen Energy Cooperation on Shared Offshore Hydrocarbon Resources

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Angola and DRC Advance Joint Offshore Oil Development with New Cooperation Measures for Common Interest Area Angola and the Democratic Republic of Congo (DRC) have continued to strengthen their energy partnership after technical experts from both countries met in Luanda on Tuesday and Wednesday to advance cooperation within the Area of Common Interest (ACI). According to Angola’s Ministry of Mineral Resources, Petroleum and Gas, the meeting focused on reviewing the implementation of the legal framework governing the joint exploration of shared offshore hydrocarbon resources and enhancing cooperation mechanisms between the… Read More Here
DRC Government Orders Relocation of Fuel Depots from Residential Areas in Kinshasa 6 Mining in DRC Oil & Gas Petroleum 

DRC Government Orders Relocation of Fuel Depots from Residential Areas in Kinshasa

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Kinshasa Fuel Depots to Be Moved to N’sele as DRC Strengthens Safety and Modernizes Hydrocarbon Infrastructure The Congolese government has launched a major initiative to reorganize petroleum product storage in Kinshasa, aiming to improve urban safety and modernize the country’s hydrocarbon supply chain. During an inspection visit to the communes of Kalamu and Limete, Minister of State for Hydrocarbons Acacia Bandubola announced that fuel depots currently operating in residential neighborhoods will be relocated to a dedicated storage zone in the commune of N’sele. Operators affected by the measure have been… Read More Here
Zambia Raises Diesel and Kerosene Prices as Global Oil Costs Climb 7 Oil & Gas Mining in Zambia Petroleum 

Zambia Raises Diesel and Kerosene Prices as Global Oil Costs Climb

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Zambia Fuel Prices May 2026: Diesel, Kerosene and Jet A-1 Increase While Petrol Holds Steady The Energy Regulation Board (ERB) has announced revised petroleum pump prices for May 2026, with increases in diesel, kerosene, and Jet A-1, while petrol prices remain unchanged. The adjustment follows the regulator’s monthly review, which recorded a continued rise in international oil prices driven largely by geopolitical tensions in the Middle East. During the review period, global petrol prices increased by 5.77%, from $114.51 to $120.28 per barrel. Diesel prices saw a sharper rise of… Read More Here
DRC Moves to Secure Fuel Supply from Dangote Refinery Amid Global Market Pressures 8 Mining in DRC Oil & Gas Petroleum 

DRC Moves to Secure Fuel Supply from Dangote Refinery Amid Global Market Pressures

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Democratic Republic of Congo explores fuel imports from Dangote refinery as it seeks to diversify petroleum supply sources and strengthen energy security The Democratic Republic of Congo is exploring the possibility of sourcing petroleum products from Nigeria’s Dangote refinery as it moves to strengthen fuel supply security amid ongoing pressures in global refined product markets, according to the Ministry of National Economy. Deputy Prime Minister and Minister of Economy Daniel Mukoko Samba recently visited Nigeria as part of efforts to secure stable fuel imports for the country. The ministry said… Read More Here
DRC Strengthens Energy Sovereignty with New Oil Infrastructure Contracts 9 Mining in DRC Oil & Gas Petroleum 

DRC Strengthens Energy Sovereignty with New Oil Infrastructure Contracts

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Democratic Republic of Congo signs oil infrastructure contracts to boost state control and energy autonomy The Democratic Republic of Congo has taken a significant step toward strengthening energy sovereignty with the signing of new oil infrastructure operating contracts. The agreements, signed on Tuesday, April 8, 2026, in Kinshasa, formalize collaboration between SEP Congo SA and the National Company for the Management of Oil Infrastructure (ENGIP-RDC SA). The ceremony was held at the Ministry of Portfolio under the leadership of Minister Julie Shiku, with the Minister of State for Hydrocarbons, Acacia… Read More Here

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