Congo Orders Oil, Mining Companies to Pay Taxes in US Dollars

• Wednesday, 23rd March 2016
• by Egypt Oil & Gas

In attempt to increase foreign currency reserves, Democratic Republic of Congo ordered mining and oil firms to pay taxes and import duties in US dollars rather than in the national currency, the Central Bank of Congo ...

SOCO: Congo’s Baobab Marine-1 Well Comes up Dry

• Sunday, 28th February 2016
• by Egypt Oil & Gas

Central African oil player, SOCO International, said it came up empty-handed while drilling the Baobab Marine 1 well in the waters off the coast of the Democratic Republic of Congo.

British SOCO: We No Longer Hold License in African Wildlife Park

• Thursday, 5th November 2015
• by Egypt Oil & Gas

British oil firm SOCO International said on Tuesday it no longer holds the exploration license for a block that falls partly within Africa's oldest national park, the subject of heated debate over environmental degra ...

Chevron Announces Field Online between Congo and Angola

• Wednesday, 4th November 2015
• by Egypt Oil & Gas

Chevron Overseas (Congo) has started oil and gas production from the Lianzi Field, located in a unitized offshore zone between the Democratic Republic of Congo and the Republic of Angola.

DRC, SacOil, Total Get Extension for Block III License

• Sunday, 25th October 2015
• by Egypt Oil & Gas

Joint venture partners Total E&P RDC as operator had the Block III license extended for an additional two years in Democratic Republic of Congo. SacOil holds a 12.5% effective interest.