Oil and Gas Industry – Congo DRC
- The Democratic Republic of Congo has been a producer and exporter of oil since 1975. With further investment into potential discoveries it has indications that it could become one of the great producers of oil in Africa.
- A prospecting campaign undertaken in the eastern, western and central regions has identified hydrocarbons in the Central Basin, the Rift Valley and in eastern DRC at the border with Uganda.
- Hydrocarbon reserves have been identified on the Atlantic coastline and currently being exploited both offshore and onshore, with an production of 25,000 to 30,000 barrels per day, Oil - production:22,160 bbl/day (2007 est.) 70% of Congolese oil is produced offshore.
- There is a great hope that Angola and the Democratic Republic of Congo will sign a deal in the near future to explore opportunities in a Zone d'Intérêt Commun (ZIC), which has a prospect of a reserve of 3 billion barrels.
- DRC possess a refinery with a capacity of 75,000 tonnes per year run by the Societe Congolaise des Industries de Raffinage ( SOCIR). On technical grounds the refinery activities have been stopped since 2000 and the company’s activities are focussed on importing and warehousing of oil.
For further information on oil and gas opportunities in the Democratic Republic of Congo please download the following presentations: