DRC’s Didier Budimbu is mobilizing some investors for the next calls for tenders for oil and gas blocks
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 opportunities offered by the Democratic Republic of Congo in the hydrocarbons sector with a view to the transformation of Lake Kivu gas into electricity and other oil blocks that will soon be on the market.
“We came to attend this meeting in relation to these objectives, the mission of the national society. We made the presentation, we presented the opportunities, we presented our projects, we presented opportunities, we presented our mission in which Sonahydroc can be useful in relation to our partners. We have worked with the Fouad group which is an investor, it wants to come to Congo to invest in the gas and hydrocarbons fields. You know when we talk about the hydrocarbons field, there is always the national company which is next door which represents the State in everything we do and there we see law 015/012 of August 1, 20215”, declared to the press Sylvie Ntazambi Bizitu, DG ai of the National Hydrocarbons Company of Congo.
In the same register, the CEO of Sureatream, Claude Bossio Wa Bossio presented to Algamin International the different opportunities and benefits of coming to the Democratic Republic of Congo to invest.
“We presented the exploration project that Sureatream is working on now in the Yema Matama Makanzi block in Moanda and then we talked about Lerexcom Petrolieum which is an oil logistics company still in the Ledya group and that we fell with the Log company, which is a fuel distribution company. We came to say if there are any potential partners, especially in relation to exploration, that’s why we came. We saw around the table that it is a group that develops projects, goes into partnership with companies through the development of existing projects and that there is the possibility of seeing the opportunities to be together, especially where we are in the exploration for the moment”, he added.
For his part, Fouad Alghanim said he was flattered by the presentation of the opportunities that Minister Budimbu and his delegation presented for his sector in the upstream and downstream oil sectors, also in the field of gas. He expressed the wish to come and invest in the DRC and take part in the calls for tenders planned in the coming days in Kinshasa for the transformation of electricity into gas.
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 which must leave the modest zone of 26,000 barrels/day on the other hand.
