Congo Republic: Brazzaville needs more reserves of oil and money to emerge from crisis


In depth
Issue 410 - 27 Feb 2020 - By Jon Marks | 9 minute read

Viewed from the 4th Congo International Oil & Gas Conference & Exhibition (CIEHC4) in the Turkish-built Kintélé conference centre outside Brazzaville, there should be little of major concern to Republic of Congo’s oil industry. France’s Total and Italy’s Eni have numerous projects under way and newcomers like Russian billionaire Vagit Alekperov’s Lukoil, US independent Kosmos Energy and trader Mercuria’s upstream arm are bedding in, while local firms led by Africa Oil and Gas Corporation (AOGC) and Petro Congo (Petco) are taking up ever more acreage.

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