Category: Oil & Gas

The oil company Cobil would be ready to deploy throughout the territory of the Democratic Republic of Congo (DRC). These assurances were given by the Deputy Managing Director of this oil company,Olivier Okunda, during the work of the Round Table on the supply of petroleum products in the Grand Equateur and Grand Kasaï spaces open, on Monday, October 10, 2022, in Kinshasa. , under the leadership of the Minister of Hydrocarbons, Didier Budimbu. “ It is possible that we can expand to all the provinces of the DRC. The Cobil company was… Read More Here

Communication and Media Minister Patrick Muyaya responded to Washington’s request calling on the Democratic Republic of Congo to renounce the auctioning of oil blocks located in sensitive areas. For the spokesman of the Congolese government, this request can only be taken into account following an equivalent counterpart because the country is committed to meeting the needs of the population. A task that requires colossal resources. He also specified that a Congolese-American working committee has been set up to rule on this subject.  “We must not remain on this posture which requires Congo… Read More Here

The Congolese Minister of Hydrocarbons of the Democratic Republic of Congo (DRC), Didier Budimbu, took part, on Tuesday October 4, 2022, in the 28th edition of Africa Oil Week in CapeTown in South Africa. The objective for this member of the Warriors Government is to promote the tender process for 27 oil blocks and 3 gas blocks launched by the Government since July 2022. During these meetings, Didier Budimbu had the privilege of presenting the oil and gas potential of his country to the heads of African and international oil… Read More Here

The Minister of Hydrocarbons Didier Budimbu took part on Thursday, September 22, 2022 in the USA-Africa Energy Summit in Houston, more precisely in Texas. This meeting, which brought together African ministers in charge of oil and energy and economic operators operating in the sector, aimed to discuss the future of oil exploitation in the African continent. Opportunity for the Congolese Minister of Hydrocarbons to present to the audience the various opportunities to invest in the Democratic Republic of Congo with the recent tenders for 27 oil blocks and 3 gas blocks.… Read More Here

The Deputy Prime Minister, Minister of the Environment and Sustainable Development, Eve Bazaïba, presented to the Council on Friday, September 16, the file relating to the environmental aspect of the Call for tenders for the exploration of 27 oil blocks and 3 gas blocks launched by the Government on July 28, 2022. On this occasion, she recalled “that no provision of the international legal instruments ratified by the Democratic Republic of Congo prohibits its Government from exploiting these resources for reasons of environmental protection or for fear of the aggravation… Read More Here

With a view to providing a lasting solution to the problem of the rise in the price of petroleum products, the Government, through the Ministry of the National Economy, plans to set up, with the GEMCORP Group, a financing facility to guarantee fuel supplies and reduce the cost of the oil subsidy. It was Nicolas Kazadi, Congolese Minister of Finance, acting as Minister of the Economy, who announced it on Friday August 26, 2022, during the weekly meeting of the Council of Ministers. According to Patrick Muyaya, Spokesperson for the… Read More Here

The price of oil is rising again this Wednesday, August 31, 2022 on the international market after having recorded a price drop of nearly 6.46% on August 30, 2022. Very volatile since the beginning of this year, the price of a barrel of Brent or North Sea crude rose to 100.12 USD on the market. It should be noted that Brent, which has become the leading international North Sea oil pricing standard for October delivery, was down 6.46% on Tuesday August 30, 2022 to trade at $98.32, slipping below the… Read More Here