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Category: Oil & Gas

DRC's Didier Budimbu is mobilizing some investors for the next calls for tenders for oil and gas blocks 1 Oil & Gas Mining in DRC Mining Policy 

DRC’s Didier Budimbu is mobilizing some investors for the next calls for tenders for oil and gas blocks

arnbethnic
The Minister of Hydrocarbons, Didier Budimbu has been staying in Kuwait since this Thursday, April 28, 2022. In his suite, he is accompanied by the ad interim Director General of the national hydrocarbons company of Congo, Sylvie Ntazambi Bizitu as well as the delegation of the company Surestream of the Ledya group led by its PCA, Claude Bossio wa Bossio. The purpose of this working visit is to discuss with the head of the group Alghanim International general, trading Fouad Alghanim specialized in oil and gas logistics on the various… Read More Here
4 villages in the DRC's territory of Muanda exposed to the negative effects of PERENCO's activity (report) 2 Oil & Gas Environment Social Governance (ESG) Mining in DRC 

4 villages in the DRC’s territory of Muanda exposed to the negative effects of PERENCO’s activity (report)

arnbethnic
The non-governmental organization Natural Resources and Development (RENAD Asbl) makes serious criticisms of the oil exploitation company PERENCO REP based in the city of Muanda in Kongo Central. In a report entitled “Cries of alarm from local communities” published on Thursday April 14, 2022, this NGO notes, at the end of a study carried out between 2018 and 2022, several negative impacts of PERENCO’s activity on the living environment. communities of Muanda. “The conclusions of this report reveal that beyond the relatively limited positive impacts in electricity supply and the… Read More Here
DRC government intends to stop subsidizing large mining companies in particular following the crisis affecting the oil sector 3 Mining in DRC Oil & Gas Petroleum 

DRC government intends to stop subsidizing large mining companies in particular following the crisis affecting the oil sector

arnbethnic
To contain the crisis that has shaken the oil sector since the start of the Russo-Ukrainian conflict, the government plans to stop subsidizing mining companies in particular. Finance Minister Nicolas Kazadi had expressed to elected officials his fears about the increase in the debt due to oil companies in terms of loss of earnings as part of their work exercise. This subsidy may increase to more than 400 million USD for the current year in order to keep the price of petroleum products stable, while the budget available for these subsidies is… Read More Here
The DRC maintains the production of 26,000 barrels per day, the project to launch calls for tenders from 16 oil blocks officially adopted  4 Mining in DRC Oil & Gas Petroleum 

The DRC maintains the production of 26,000 barrels per day, the project to launch calls for tenders from 16 oil blocks officially adopted 

arnbethnic
The file related to the project to launch calls for tenders on oil blocks open to exploration in the various sedimentary basins of the Democratic Republic of Congo was approved this Friday, April 8 at the 48th meeting of the Council of ministers. This, after its presentation by the Minister of Hydrocarbons Didier Budimbu. He specified that this allocation of hydrocarbon rights aims at the production of the oil resources of the Democratic Republic of Congo with a view to improving State revenue on the one hand and increasing national production… Read More Here
DRC: oil companies offer government strategies to avoid fuel shortages 5 Mining in DRC Oil & Gas 

DRC: oil companies offer government strategies to avoid fuel shortages

admin
The Prime Minister, Jean-Michel Sama Lukonde, gathered around him, on Wednesday April 6 at the Hôtel du Gouvernement, the oil operators working in the DRC, the Minister of Hydrocarbons, the Minister of Communication and Media and all the other Ministers who are members of the Government’s ECOFIN commission, to examine the issue of fuel supply with a fine-toothed comb at this time when international trade is disrupted following the Russo-Ukrainian conflict. According to the Minister of Communication and Media, the Government of the Republic has taken the fuel issue head… Read More Here
Nicolas Kazadi: "With the current price increase, oil subsidies could reach 400 million USD this year" 6 Mining in DRC Oil & Gas 

Nicolas Kazadi: “With the current price increase, oil subsidies could reach 400 million USD this year”

admin
The repercussions of the Russian-Ukrainian crisis are hitting the Hydrocarbons sector hard in the world. Insofar as the Democratic Republic of Congo exports all of its oil, it goes without saying that the fixing of the price per liter at the pump depends on the evolution of the Average Commercial Border Price (PMFC). Thus, the Congolese State has always intervened by means of subsidies to ensure a price structure for petroleum products that preserves the purchasing power of consumers to any extent. In front of the national deputies gathered in… Read More Here
Extinction Rebellion movement calls for no oil exploitation in Virunga National Park in DRC 7 Oil & Gas Environment Social Governance (ESG) Exploration 

Extinction Rebellion movement calls for no oil exploitation in Virunga National Park in DRC

arnbethnic
The Extinction Rebellion climate movement, section of the territory of Rutshuru (North Kivu), asks the local population of the Virunga National Park to stand up as one man to say no to any oil exploitation and or exploration project . This call is part of the Fossil Free Virunga campaign initiated by the climate movement 350.Org  “Our commitment in the Fossil Free Virunga campaign is to awaken the conscience of local communities so that they understand that there is an urgency to stand up and say no to any oil exploitation… Read More Here
Expo Dubai 2020: Didier Budimbu touts DRC oil reserves estimated at 22 billion barrels 8 Mining in DRC Energy Oil & Gas 

Expo Dubai 2020: Didier Budimbu touts DRC oil reserves estimated at 22 billion barrels

admin
The Minister of Hydrocarbons of the Democratic Republic of Congo, Didier Budimbu, presented investment opportunities in the Hydrocarbons sector, highlighting the country’s oil reserves estimated at 22 billion barrels. Present at the Business Forum with the employers of the United Arab Emirates at the Dubai Chamber of Commerce, the Minister of Hydrocarbons, Didier Budimbu, praised, on Monday March 21, 2022, the projects and opportunities to invest in the DRC in this promising sector. He informed investors in the United Arab Emirates that the DRC is full of enormous potential in… Read More Here
DRC: It is unacceptable that Gertler is treated as a savior when he is sanctioned abroad 9 Mining in DRC Oil & Gas 

DRC: It is unacceptable that Gertler is treated as a savior when he is sanctioned abroad

admin
The DRC has definitively recovered its titles, licenses and mining and oil permits from Dan Gertler’s Ventora Group. The whole having a value of more than 2 billion USD. Brian Nelson, the US Treasury Department’s undersecretary for terrorism and financial intelligence, is in Kinshasa. He discussed with the Congolese authorities as well as with civil society actors. Jean-Claude MPUTU, spokesperson for CNPAV, was also received. He is a guest of Transparency. – After the agreement signed between the government and Dan Gertler, if you have a request to make regarding Felix Tshisekedi. What would it be?… Read More Here
DRC: Dan Gertler should not benefit from any financial advantage, insists the USA 10 Mining in DRC Oil & Gas 

DRC: Dan Gertler should not benefit from any financial advantage, insists the USA

admin
The DRC has definitively recovered its titles, licenses and mining and oil permits from Dan Gertler’s Ventora Group. The whole having a value of more than 2 billion USD. Brian Nelson, the US Treasury Department’s undersecretary for terrorism and financial intelligence, is in Kinshasa. He discussed with the Congolese authorities as well as with civil society actors. Transparence, the web show of ACTUALITE.CD receives, Floribert Anzuluni, Senior DRC Adviser” for the American organization The Sentry. He answers a series of questions: -Why was it important to meet with Brian Nelson, US Treasury… Read More Here

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