Congo | Egypt Oil & Gas - Part 2
Congo Received $250m to Support Oil Fields
Congo has signed a facility agreement with Afreximbank under which the Bank will provide $250m in future flow pre-financing to meet Brazzaville’s strategic plan for its oil fields, Africa News reported. Afreximbank’s ...
Total to Produce Oil Offshore Congo in 2017
French Total’s Africa President for Exploration and Production, Guy Maurice, said that the company expects first production from Congo Republic’s offshore Moho Nord field to add an extra 100,000b/d when it start...
Tanzania, Congo to Jointly Explore Lake Tanganyika
Tanzania and the Democratic Republic of the Congo signed a memorandum of understanding for joint exploration and development of hydrocarbons in Lake Tanganyika, Reuters reported. Congo’s President, Joseph Kabila...
Descalzi: Eni Is Keeping Balance by Lowering Costs
In his interview with Bloomberg, CEO of Italy’s energy giant Eni, Claudio Descalzi said that the company is keeping balance by lowering costs to the level of $20 per barrel. As the company is not able to control...
Tanzania, Uganda to Complete Oil Pipeline in 2020
Tanzania plans to complete the building of a crude oil pipeline from Uganda in 2020 at a valued cost of $3.5b, Reuters reported. The Tanzanian Ministry of Energy and Minerals stated that “the pipeline will have ...
Chinese Companies to Build Hydro Plant In Congo
After years of negotiations, Chinese companies Sinohydro Corp. and China Railway Group Ltd. have agreed to finance a 240MW, $660 million hydro-power plant in Democratic Republic of Congo’s Katanga province that will m...
Angola Reaching Oil&Gas Production Targets
Angolan state oil company Sonangol has found oil and natural gas reserves in the basins of the Kwanza and Congo rivers that may total 2.2b boe, MacauHub reported. Those reserves, if they are confirmed, are sufficient...
Angola, Congo Brazzaville’s Oil Production Outline Met
The Angola’s Oil Ministry has announced that the oil production at the outlined level of 40,000bpd, according to the 2012 joint oil exploration agreement between Angola and Congo Brazzaville, has been met, Macau...
