International investors court Congo-Brazzaville
The West African country’s energy resources are once again attracting foreign attention, but the positive outlook for gas contrasts with that for oil
Congo-Brazzaville’s upstream is drawing renewed interest from international energy companies and foreign governments, which bodes well for the oil-revenue-dependent nation’s established—but maturing—upstream hydrocarbons sector. Chevron has long been active in Congo-Brazzaville and had a meeting with the government in October. William Lacobie, managing director of Chevron's southern Africa strategic business unit, saw Prime Minister Anatole Makosso to discuss “issues of exploitation and exploration of oil and gas”. The US major “intends to launch new exploration for hydrocarbons and develop opportunities in the field of gas”, according to the Congolese authorities, who cite Lacobie as saying
Also in this section
19 April 2024
Cairo’s currency problems have hindered investment, but Pharos sees considerable potential as Egypt emerges from crisis
18 April 2024
The Norwegian energy company is concentrating its efforts on specific regions and assets that meet strict cost and carbon criteria
17 April 2024
Uzbekistan and Kazakhstan provide opportunities after Europe turns it back, while also offering another gateway to China
16 April 2024
Commentators need to shake off the myths of the past, with rising oil prices a boon for US economy