Category: Oil & Gas

The demands of Greenpeace and other international NGOs who are campaigning for the cancellation of the Congolese government’s allocation of the right to exploit Hydrocarbons are no more important than the expectations of more than 100 million Congolese who want to see their situation be changed through political action, said Congolese Minister of Hydrocarbons, Didier Budimbu. During a press conference held on Tuesday July 26, 2022, Minister Didier Budimbu denounced “a campaign of sabotage” of the Government’s efforts to mobilize its natural resources in order to improve the living conditions… Read More Here

In the midst of a global crisis affecting the main basic necessities, thus causing the rise in the price of petroleum products on the international market, the oil industry in the Democratic Republic of the Congo has slowed down during the first three months of the current year. According to data published by the Central Bank of Congo (BCC), in its statistical summary, the Congolese oil industry produced only 2,145 barrels during the first quarter of 2022. This production is far from meeting the growing demand for petroleum products on… Read More Here

The Democratic Republic of Congo (DRC) is one of the countries with considerable oil and gas potential that is still under-exploited. Its crude oil resources are estimated at more than 22 billion barrels of oil and 66 billion standard cubic meters of gas located in Lake Kivu. These statistics were revealed by Didier Budimbu, Congolese Minister of Hydrocarbons, during a press conference organized this Tuesday, July 26, 2022, in anticipation of the official launch of the first phase of calls for tenders relating to the allocation to investors in 27 oil… Read More Here

The Minister of Hydrocarbons, Didier Budimbu announced this Monday, July 18 the organization at the end of the month, of calls for tenders for 30 blocks including 27 oil and 3 gas for the rights of hydrocarbons.   Here are the oil and gas blocks concerned by the first phase of these calls for tenders:  A. 27 Oil Blocks I. For the Coastal Basin (3 Blocks) 1. Block Yema II: Is located in the Territory of Muanda, district of Bas-fleuve, province of Kongo-Central; 2. Block Nganzi: Extends in the territories of… Read More Here

Nigeria, the leading oil producer in Africa, has positioned itself to support the tender operation for 16 oil and 3 gas blocks that the Ministry of Hydrocarbons of the Democratic Republic of Congo (DRC) is preparing to launch on July 28 and 29, 2022. The Nigerian Ambassador posted to the DRC, Omar Suleman, confirmed the option taken by his country with the Congolese Minister of Hydrocarbons, on Tuesday July 6, 2022, during an interview granted to diplomats posted in Kinshasa. The Nigerian Ambassador reaffirmed his country’s desire to support the… Read More Here