Congo | Egypt Oil & Gas
Vitol to Acquire a Portion of Eni’s Assets in Cote d’Ivoire, Congo
Under a new agreement, Vitol will acquire interests in a number of assets owned by Eni in Côte d’Ivoire and Congo for an aggregate consideration of $1.65 billion at 1 January 2024, with standard cash adjustment at clo...
ADNOC Distribution Sign Two Contracts for Expansion in Africa
ADNOC Distribution announced signing of two new contracts for distributing its Voyager lubricant in Angola and the Democratic Republic of the Congo. These agreements came in line with ADNOC Distribution’s ambiti...
Eni to Develop Decarbonization Projects in Congo
Eni has signed a memorandum of understanding (MoU) with Congo’s government to help enhance the country’s agro-biofuel sector, according to a press release from the company. The MoU covers industrial scale production o...
Congo Republic Becomes OPEC Member
The Republic of the Congo, one of Africa’s major oil producers, has become the newest member of OPEC, Reuters reported. “The conference considered Congo’s request to join the organization and decided to approve its ad...
Congo to Form Joint Bid for Inga 3 Project
The Democratic Republic of Congo asked Chinese and Spanish consortia vying to develop a long-delayed $14b hydroelectric project to join together and submit a single bid, Reuters stated. According to the Daily Mail, th...
Rwanda, DRC Sign Oil Exploration Agreement
The Democratic Republic of Congo and Rwanda have signed a five-year joint exploration agreement for oil under Lake Kivu, All Africa reported. The deal was signed mid-April by Rwanda’s Minister for Natural Resour...
Congo Invites Egypt to Cooperate over Electricity Projects
Egypt’s Minister of Electricity Mohamed Shaker held a meeting with Congo’s Minister of Energy and Water Resources Pierre Anatole Matusila and his delegation in Cairo to discuss current and future cooperati...
La Generale Petroliere du Congo Gains Back its Blocks
After gaining back its acquisition rights of blocks along the Lake of Tanganyika in Congo by the Paris-based International Court of Arbitration’s judgement, La Generale Petroliere du Congo (Gepeco), a family-own...
