Category: Oil & Gas

The President of the Republic Félix Tshisekedi returned in his communication during the 80th meeting of the Council of Ministers held on Friday December 9, 2022 to the issue of the allocation of oil royalties. He recalled the provisions of Law No. 11/011 of July 13, 2011 on public finance provides for the granting of a monthly allowance of 10% of the share due to the provinces in favor of the producing province as compensation to repair including environmental damage resulting from oil extraction. “To date, only the province of Kongo… Read More Here

Petroleum industries based in the Democratic Republic of Congo (DRC) produced a total volume of 7.8 million barrels between January and November 2022. This is revealed in the summary of statistical information from the Central Bank of Congo for the month of November 2022. With this level of production of petroleum products, the Democratic Republic of Congo is far from competing with the Republic of Congo or Angola. To date, Angola’s oil production is estimated at around 1.17 million barrels per day. According to data from the Central Bank of… Read More Here

The oil industry based in the Democratic Republic of the Congo produced 4.394 million barrels of oil in the first 8 months of 2022 compared to 4.852 million barrels in the same period in 2021, informs the data taken from the Digest of information October 2022 statistics from the Central Bank of Congo. For the whole of 2021, the Democratic Republic of the Congo had produced 8.455 million barrels of oil. Perenco is currently the only oil company operating in the Democratic Republic of Congo. In July 2022, the Congolese Government… Read More Here

Threat or excellent opportunity? Housed in the Atlantic about ten kilometers off Saint-Louis, on the border between Senegal and Mauritania, the oil and gas terminal is lost in the mist of this October morning. A fishermen’s canoe slips on the wet sand after a night at sea. “Not a lot of fish”, plagues El Hadji Gaye, who looks dumbfounded at the recent installations that have narrowed his horizon, which he believed to be immutable. Senegal, like the Democratic Republic of Congo (DRC), has recently discovered oil and gas resources and nourishes… Read More Here

The environmental NGO Greenpeace Africa, which opposes the exploitation of hydrocarbons in the DR Congo, expressed concern on Thursday evening about the “rush” with which Kinshasa wants, according to it, to start the exploration of the gas from Lake Kivu, in the east of the country. The Congolese government proceeded Wednesday to the counting of the candidatures of a dozen companies and consortia which expressed their interest for three blocks of methane gas identified in this lake, on the border between the DRC and Rwanda.  The Minister of Hydrocarbons, Didier… Read More Here

The Congolese Minister of Hydrocarbons, Didier Budimbu, chaired, on Wednesday October 12, 2022, in Kinshasa, the opening ceremony of the bids received within the framework of the Notice of call for tenders launched on July 28, 2022 by the President of the Republic, Félix Tshisekedi, for the acquisition and exploitation of three gas blocks from the Lac. It was at the Pullman hotel in Kinshasa in the presence of national deputies, senators, members of the cabinet and the technical secretariat of the ad-hoc Commission made up of delegates from the Ministry… Read More Here

Initially scheduled at the address of the Technical Secretariat of the ad hoc Commission at 10:00 a.m., the public session for examining the bids of bidders for the call for tenders for three gas blocks in Lake Kivu will finally take place on the same day, i.e. on Wednesday, October 12, 2022 in the Salonga room of the Pullman hotel in Kinshasa, the capital of the Democratic Republic of Congo (DRC). This clarification was provided by the Congolese Minister of Hydrocarbons, Didier Budimbu, in a press release published on Tuesday,… Read More Here