Africa > Central Africa > Congo Kinshasa > Petroleum / Mining

Petroleum / Mining in Congo Kinshasa

  • Africa rejects Europe's 'dirty diesel'

    BOTSWANA, 2017/05/04 Ghana and Nigeria are the first countries to respond to reports of European companies exploiting weak fuel standards in Africa. Stricter limits on the sulfur content of diesel will come into force on July 1. Governments in West Africa are taking action to stop the import of fuel with dangerously high levels of sulfur and other toxins. Much of the so-called "dirty diesel" originates in Europe, according to a report published by Public Eye, a Swiss NGO, last year. The report exposed what Public Eye calls the "illegitimate business" of European oil companies and commodities traders selling low quality fuel to Africa. While European standards prohibit the use of diesel with a sulfur content higher than 10 parts per million (ppm), diesel with as much as 3,000 ppm is regularly exported to Africa.
  • Beyond Commodities: How African Multinationals Are Transforming

    BOTSWANA, 2016/05/11 Oil, gold, diamonds, palm oil, cocoa, timber: raw materials have long been linked to Africa in a lot of businesspeople’s minds. And in fact the continent is highly dependent on commodities: they constitute as much as 95% of some nations’ export revenues, according to the United Nations Conference on Trade and Development. But propping a country’s entire economy on commodities is risky business, like building a mountainside home on stilts. You can’t be sure about the weather, or in this case the commodities market. The current free-fall of oil prices to less than $40 a barrel is a glaring example. “The commodities cycle has tanked out,” says Austin Okere, founder of Computer Warehouse Group (CWG), a Nigerian emerging multinational financial services company. “And this time it looks additional structural than cyclical, so it’s not a matter of waiting it out. Something has to give.”
  • EU Is to Limit Mineral Imports From the Congo-Kinshasa

    CONGO KINSHASA, 2013/09/11 The European Union has announced plans of setting limits on the importation of raw materials coming from the Congo DRC for electronics production. The EU says it is concerned about "blood minerals" making their way to Europe. It has joined the US in targeting minerals from conflict zones like the eastern Democratic Republic of Congo (DRC). The EU trade commissioner for trade, Karel de Gucht, said European economies need conflict-free mobile handsets. "I know the Congo completely well. I have been there and often met with President Kabila," said Karel de Gucht, a former Belgian foreign Minister.
  • Angola and DR Congo negotiate oil block in common marine zone

    ANGOLA, 2013/02/08 Angolan national oil company Sonangol and its Congolese counterpart Congolaise Hydrocarbures (Cohydro), the national oil company of the Democratic Republic of Congo (DR Congo), continue to negotiate the development of a block in the marine zone common to the two nations, the Congolese Oil Minister said.
  • Global gas consumption to increase by 4% in 2013

    BOTSWANA, 2012/12/25 World gas request is projected to reach 3,460.7 billion cubic meters (bcm) in 2013, constituting an increase of 3.6% from 3,341.4 bcm in 2012. North America's gas consumption is estimate to reach 890.3 bcm in 2013, equivalent to 25.7% of world request. It would be followed by Asia & Australia with 720.8 bcm (20.8%), Eastern Europe & the Commonwealth of Independent States with 587.4 bcm (17%), Western Europe with 533 bcm (15.4%), the Middle East with 445.7 bcm (12.9%),
  • DRC: Katanga's Artisanal Miners Face Uncertain Future 2012-07-26

    CONGO KINSHASA, 2012/07/26 In a copper mine near the town of Kambove in the south-eastern province of Katanga in the Democratic Republic of the Congo (DRC) can see dozens of teenage boys with empty rice sacks on their backs, running to grab small pieces of copper forgotten in the debris and to escape rocks falling from an unloading truck up above.