The Republic of Congo (RoC) is preparing to launch a Gas Master Plan and new Gas Code, all while enticing investment in crude exploration and production. On November 7, energy players Unite Oil & Gas and ARIES Energy formed Bomoko Energy to acquire and develop local hydrocarbon assets. In October 2024, Perenco achieved 80,000 bpd following a $300 million investment, aiming for 100,000 bpd by 2025 with new field developments. As new developments come online, Minister Itoua emphasized that “first, we give priority to our citizens, then to our companies. Minister Itoua explained that, “We have the largest potential for carbon capture in the Congo Forest.

Source: News Business Ethiopia November 13, 2024 12:43 UTC