Congo B: New oil law for Brazzaville ahead of bid round
Issue 308
- 25 Sep 2015
| 4 minute read
The Brazzaville government is flagging the launch of a major licensing round in Cape Town next month, despite the lower oil price, but parliament still needs to approve a new hydrocarbons code. The new code, which updates the existing 1994 law, was approved by the cabinet in March. Based on a model production-sharing contract, it stipulates that state oil company Société Nationale des Pétroles du Congo (SNPC) is the holder of the mining title in each case, with the right to bring in local and international partners.
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