Democratic Republic of Congo

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

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

    Wednesday, 23rd March 2016
    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 announced.
  • SOCO: Congo’s Baobab Marine-1 Well Comes up Dry

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

    Sunday, 28th February 2016
    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

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

    Thursday, 5th November 2015
    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 degradation last year.
  • Chevron Announces Field Online between Congo and Angola

    Chevron Announces Field Online between Congo and Angola

    Wednesday, 4th November 2015
    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

    DRC, SacOil, Total Get Extension for Block III License

    Sunday, 25th October 2015
    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.