Zambia and Tanzania Strengthen Petroleum Cooperation in High-Level Talks 1 Mining in Zambia Oil & Gas Petroleum 

Zambia and Tanzania Strengthen Petroleum Cooperation in High-Level Talks

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
Dangote Refinery Reshapes West and Central Africa’s Fuel Market 2 International Corporate News Oil & Gas Petroleum 

Dangote Refinery Reshapes West and Central Africa’s Fuel Market

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
Zambia Inks $1.1 Billion Deal for Oil Refinery and Energy Hub in Ndola 3 Mining in Zambia Oil & Gas Petroleum 

Zambia Inks $1.1 Billion Deal for Oil Refinery and Energy Hub in Ndola

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
DRC and Tanzania Deepen Energy Ties with New Joint Committee on Oil and Gas 4 Mining in DRC Oil & Gas Petroleum 

DRC and Tanzania Deepen Energy Ties with New Joint Committee on Oil and Gas

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
Dangote Refinery Expands into Namibia with 1.6M-Barrel Fuel Storage to Supply Southern Africa 5 International Oil & Gas Petroleum 

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

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
DRC Cuts Fuel Subsidy Losses by 89 Percent in Major Economic Reform 6 Mining in DRC Oil & Gas Petroleum 

DRC Cuts Fuel Subsidy Losses by 89 Percent in Major Economic Reform

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
Zambia’s First Diesel Offloading Marks Key Milestone in Energy Reform 7 Mining in Zambia Oil & Gas Petroleum 

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

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
Tazama Pipelines Enhances Diesel Flow with New Drag Reducing Agent 8 Mining in Zambia Oil & Gas Petroleum 

Tazama Pipelines Enhances Diesel Flow with New Drag Reducing Agent

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
Global Oil Price Hike Boosts DRC Revenue but Poses Local Economic Challenges 9 Mining in DRC Oil & Gas Petroleum 

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

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
EquityBCDC Leads $282 Million Syndication to Support DRC’s Oil Sector 10 Mining in DRC Oil & Gas Petroleum 

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

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

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