Oil Boom

Hydrocarbons: a new minister for new strategies

By MARY WELCOME BAKUMANYA
When is the efficient exploitation of hydrocarbon potential in the DRC? Rene Isekemanga party Celestin Mbuyu republish he found the feat once in the mining sector?

More than 100 billion barrels of oil lie beneath Congolese soil. To date, less than 30,000 barrels are used on the west coast. A situation likely evolve in that confusion had taken up residence in the area.

Also, the head of state he had banned the minister in charge of the hydrocarbons bind the State to third parties. Rene Isekemanga's predecessor Celestine Mbuyu had been regularly called to order, every time he tried to undertake advanced in various contacts. The ban inherited the mandate of Mende Omalanga had virtually paralyzed the Minister of Hydrocarbons.

Man of the seraglio, Celestin Mbuyu must move the lines in the area. In fact, the Congolese potential is immense. Boost could make the national budget resources coveted by millions or even billions of U.S. dollars. Marginal producer, the DRC could become very shortly a key stakeholder in the oil exploitation in Africa.

The statistics and the experts are unanimous in recognizing that the Congolese reserves would change the configuration of the list of oil producers. He notes, for example, that the reserves of the basin of the central basin represent several billion barrels.

The Albertine Graben basin, already operating on the Ugandan side, gives satisfactory results. This presages the profitability of the operation of the Congolese side. At this rate, substantial financial resources are outside the DRC, without anything being done to "sell" the potential. On Lake Tanganyika, the potential is enormous, as Lake Mweru and elsewhere.

Angola already operating on Congolese waters has agreed to begin negotiations with the Congolese. The reorganization, which was always waiting explains the delay in moving the Congolese delegation to Luanda. This does point to growing optimism, unless the new Minister of Hydrocarbons shows he wants to go fast and well.

Oil Boom

The mining sector had been in relatively recent past, the explosion of the greed of foreign operators of all sizes. Unfortunately, contracts were signed without the state interests are protected. Plenipotentiaries have preferred their personal gains, giveaways in the heritage of all Congolese. The revisitation of the contracts, which had followed, was lost to the Congolese state time, energy and its reputation on international markets.

In the hydrocarbons sector must focus on providing real experts, instead of "profiteers". Thus the specifications of the new minister should focus on how best to attract investors recognized centers of international and can provide significant capital and more expertise in this field.

In an environment of intrigue, with what happened on the record Tullow Oil, no serious investor would take the risk of operating in the DRC. The Hydrocarbons Code and the legislation must be accompanied by a clear vision of government. This is the price that ridiculous 25,000 barrels per day produced in the DRC will be increased to replenish the exchequer in billions of dollars in royalties, fees, taxes and various fees.

Improving the business climate to help, it is possible that future years may be periods with the oil sector in the DRC. To view the Minister Celestin Mbuyu and understands that the mission assigned to him in his roadmap is that!



The DR Congo, the new Eldorado of oil?

http://i914.photobucket.com/albums/ac346/bukavu21/moanda_001.jpg

Large manoeuvres have already started in the oil sector in the Democratic Republic of Congo (DRC). With 25 000 barrels per day, the DRC does not yet play in the big leagues, but its potential for oil could soon explode. The DRC has announced the opening of 10 blocks in Lake Tanganyika and 6 blocks in Lake Kivu. The company also explores for Total in the region to invest ... DRC can it become a new eldorado for oil?

If the DRC is known for its mineral wealth, the country also contains numerous oil fields, but until 2006, no ministry occupied sector. Since that time a minister is in charge of hydrocarbons, it is today Celestin Mbuyu Kabangu. The government seems to take the measure of this long untapped potential. So far, only the corporation was Parenco rain or shine on deposits offshore and onshore coastal basin ... representing the full 25 000 barrels that produced the DRC. Recently, the Congolese authorities want to re-discuss their maritime spaces with their neighbor Angola ... and for good reason: Angola operates more than 2 million barrels per day over the same area! The Congolese authorities are struggling then to apply a more equitable redistribution of the continental shelf. Finally: one fourth of this area could return to the DRC ... a sacred pactocle the key. Currently, Angola is dragging discussions ... DRC and shows no real hurry.

Another major challenge: Eastern Républqie Congo (DRC). On Lake Albert, the DRC and Uganda share the oil and Ituri, several different companies opposed to the Congolese state, including the company Tullow Oil, which boasts several blocks extractions. On Lake Kivu, where Rwanda and the DRC jointly operate the oil resources, the situation is more confused. Certainly, a protocol was signed between the two countries, but Rwanda already operates its own blocks, while the DRC has not yet begun.

A final area extends between the Bandundu, Kasai and both Ecuador. For now, only a few blocks were awarded, but many companies are in the running. Some expect the new code of hydrocarbons that the Congolese state should enact in the current year. But one thing is certain, this new windfall may soon disrupt the relationship forces in the Democratic Republic of Congo and rebalance resources in the country. Some jurisdictions may indeed find themselves suddenly "rich", particularly in Northern DRC ... a "blessing" that has not escaped the various military movement, already first in line to control the upsurge.







DRC-Oil / Case for Oil Lake Tanganyika Friday, March 26, 2010 16:23

The director of oil projects in the General Secretariat of the Congolese Ministry of Hydrocarbons, Joseph Pili Pili Mawezi, Thursday was a genuine plea to get investors interested in oil development on the Graben of Lake Tanganyika where he says " oil seeps and goes himself to the surface.

As part of a session on "potential oil and gas projects in the DRC," at the 2nd Day of the 4th Congress of African Petroleum (CAPE IV), whose moderation was provided by Celestin Mbuyu Kabango Minister Hydrocarbons, Mr Pili Pili said that some oil companies have already shown their interest in 21 oil blocks in the DRC. He said the oil of Lake Tanganyika is not heavy, he is "very good" for marketing on the lake, there are reports of bodies of asphalt.




RDC-Pétrole / Plaidoyer pour l’exploitation du pétrole du lac Tanganyika Vendredi, 26 Mars 2010 16:23

Le directeur des projets pétroliers au secrétariat général du ministère congolais des Hydrocarbures, Joseph Pili Pili Mawezi, a fait jeudi un véritable plaidoyer pour amener les investisseurs à s’intéresser à l’exploitation du pétrole du Graben du lac Tanganyika où, selon lui, « le pétrole suinte et remonte lui-même à la surface ».

Dans le cadre d’une session sur « le potentiel en pétrole et en gaz et projets en RDC », lors de la 2ème Journée du 4ème Congrès africain du pétrole (CAPE IV), dont la modération était assurée par Célestin Mbuyu Kabango, ministre des Hydrocarbures, M. Pili Pili a affirmé que certaines sociétés pétrolières ont déjà montré leur intérêt pour les 21 blocs pétroliers de la RDC. Selon lui, le pétrole du lac Tanganyika n’est pas lourd, il est « très bon » pour la commercialisation sur le bord du lac, on signale des masses d’asphalte.







DRC-Oil / Case for Oil Lake Tanganyika Friday, March 26, 2010 16:23

The director of oil projects in the General Secretariat of the Congolese Ministry of Hydrocarbons, Joseph Pili Pili Mawezi, Thursday was a genuine plea to get investors interested in oil development on the Graben of Lake Tanganyika where he says " oil seeps and goes himself to the surface.

As part of a session on "potential oil and gas projects in the DRC," at the 2nd Day of the 4th Congress of African Petroleum (CAPE IV), whose moderation was provided by Celestin Mbuyu Kabango Minister Hydrocarbons, Mr Pili Pili said that some oil companies have already shown their interest in 21 oil blocks in the DRC. He said the oil of Lake Tanganyika is not heavy, he is "very good" for marketing on the lake, there are reports of bodies of asphalt.




RDC-Pétrole / Plaidoyer pour l’exploitation du pétrole du lac Tanganyika Vendredi, 26 Mars 2010 16:23

Le directeur des projets pétroliers au secrétariat général du ministère congolais des Hydrocarbures, Joseph Pili Pili Mawezi, a fait jeudi un véritable plaidoyer pour amener les investisseurs à s’intéresser à l’exploitation du pétrole du Graben du lac Tanganyika où, selon lui, « le pétrole suinte et remonte lui-même à la surface ».

Dans le cadre d’une session sur « le potentiel en pétrole et en gaz et projets en RDC », lors de la 2ème Journée du 4ème Congrès africain du pétrole (CAPE IV), dont la modération était assurée par Célestin Mbuyu Kabango, ministre des Hydrocarbures, M. Pili Pili a affirmé que certaines sociétés pétrolières ont déjà montré leur intérêt pour les 21 blocs pétroliers de la RDC. Selon lui, le pétrole du lac Tanganyika n’est pas lourd, il est « très bon » pour la commercialisation sur le bord du lac, on signale des masses d’asphalte.







Congo to open oil blocks on Lakes Tanganyika, Kivu
By Katrina Manson
KINSHASA (Reuters) - Democratic Republic of Congo will open 10 blocks on Lake Tanganyika and six blocks on Lake Kivu for oil exploration as it attracts interest from foreign energy firms, an energy ministry official said on Wednesday.

The central African country, whose oil sector has been virtually paralysed since the 1970s by decades of corruption and conflict, will open the new offshore properties to bidding in April, Joseph Pili Pili, director of projects in Congo's oil ministry, told Reuters on the sidelines of a conference.

"We know Lake Tanganyika has lots of petrol because it is the only one we've got lots of data for -- seismic, magnetic -- the geology has a lot of potential," he said. Foreign firms Chevron, Total, and CNOOC had already expressed interest in the blocks, he said.

"We have to give these (blocks) to a big company because Lake Tanganyika is so deep, at 1,500 metres. It will need a lot of work," he said.

The Lake Kivu blocks, meanwhile, could provide rich reserves of natural gas, he said.

"There are 60 billion cubic metres of gas and each year it produces 350 million cubic metres," he said. "It is like you are sleeping in your bed and God just produces gas for you."

Interest in Congo's oil potential has risen in recent months after big finds on the Ugandan side of Lake Albert.

Oil majors Total and Eni have recently expressed interest in blocks on Congo's side of the lake, and several companies including Tullow are jostling for belated presidential decrees to ratify competing licenses.

Despite its potential reserves, Congo barely registers among Africa's oil producers with just 25,000 barrels per day in output, all from French independent Perenco's operations in the southwest of the country.



This Tuesday, March 23, 2010, Petroleum Congress: More than 20 African ministers meeting in Kinshasa
(The Futures Daily 23/03/2010)

* Spending $ 2 million U.S. to make billions, the foundation of Kinshasa are not lost to the DRC. * The 4th Congress is an opportunity for Kinshasa to sell, to benefit from the experience of others in order to increase its oil production. * 300 exhibitors are expected to throng of people where 53 stalls will be erected.

Kinshasa is the last week the center of gravity of the debate on oil production. The holding of the 4th Congress of Appa. After the forum oil companies, experts have closed the last Sunday meeting at their level.

It opens today the African Ministers' Council with oil in their duties. The delegations have begun to flow since Sunday. Today, according to our sources, all delegations are present and ready for the 36th Council of Ministers of the Association of African Petroleum Producers. Pending the resolution of the council of ministers, it is necessary to assess the progress so far. It is the exercise which were delivered Bafwala Jose, chairman of the committee of experts and Elikya S. responsible for the supervision and logistics.

Work is normally conducted

The chairman of the committee of experts, during a television broadcast, said the smooth running of the foundations of Kinshasa in particular through the implementation smoothly early stages. He stressed that the expert meeting which ended on Sunday is one of the milestones of this foundation since it is the work of experts who must give material to ministers. In clear terms, the decisions that ministers will be dependent on the quality of the work of experts. We hear that Appa beat the recall of troops so that we can talk about absent at this meeting in Kinshasa. For over 16 Member States, the President briefed the committee of experts, 14 are present. Regarding the cost of the organization, the chairman of the experts noted that two million dollars is a lot of money, but little at a time when one takes into account the expenditure to be incurred . A share of expenses such housing delegations, including 26 ministers, there is the payment of arrears of contribution to the DRC in this organization.

In this regard, he stressed that in the field of oil, we do not invest for immediate results. Never mind, he noted, the organization of the 4th Congress of the oil in Kinshasa will help inject market Kinshasa something like one billion dollars Us In addition to this financial benefit, the organization of this conference is an opportunity for the DRC to sell and enjoy the experience of other countries in the field of oil exploitation. Simply put, this conference will help the DRC to find ways and means to overcome the scarcity of its oil production. For stressed the chairperson of the Committee of Experts, it is not normal for decades, the DRC is merely just a production of 25,000 to 30,000 barrels a day. Yet with its three pools, this country can do better, "he concluded. In conclusion, this is not making a bad deal than spending 2 million dollars to win billions.

Exhibition at the Palais du Peuple

After the cabinet meeting, there will be the exhibition will be held at Palais du Peuple. According Elikya, Head of Logistics, 100 companies are expected at the exhibition. This represents about 300 people and accommodate 53 booths in total. All exhibitors are expected, they confirmed their participation? The logistics officer is optimistic, noting in particular that all those who took their inclusion in this exhibition have paid. Therefore, he does not see people who paid money to participate in the exhibition does not come without a case of force majeure. He insisted that the exhibitors come not only from the continent. For some even come from Peru (Latin America).

Regarding the Hall of the People chosen as the site of this exhibition, Elikya believes that the framework is adapted and thanked the parliament for agreeing that this exhibition be held in the lobby of its headquarters. This conference, some colleagues believe, is not the craze on the side of the population. The head of logistics eased these concerns by giving the geography of banners displayed to inform the opinion on holding this important meeting on oil. For him, the awareness campaign was conducted in three phases. The first phase was devoted to mobilize outside. The results are there through their participation in the exhibition. At national level, the second phase, the oil companies have been sensitized. It was noted that 30 companies will participate in this national exposure without counting the delegates simple. The third phase is that of the general awareness through banners.

Reasons for hope

On a conference to another, what is changing and how the foundations of Kinshasa they bring more? The exchanges between different countries and the establishment of the databank can be used for everyone, these are all reasons for holding this meeting. Knowing that oil production based on modern technology evolving, it is expected that each conference there is evolution and change. Regarding membership, it was reported that 9 countries wait to join the Appa including Senegal, Mozambique, Sao Tome, Uganda, ... The chairman of the committee of experts has insisted that the Accession to the Appa is not related to the importance of oil production in the country seeking. Just having the potential and join the Appa to equip themselves to produce oil.

To return to the case of the DRC, the chairman of the committee of experts focused on the political field. Formerly, the DRC applied the policy of concession. This made the state a sleeping partner while the oil companies were given full benefits. With the policy of sharing contracts in production, the state will recover. This requires making a legal arsenal that was missing since the oil is made on the basis of the mining code minimally adequate. There will soon be the oil law. It will focus on the social order that oil exploitation is accompanied by the development community implantation sites. While stressing that the oil is no small and medium business, the chairman of the committee of experts was optimistic about the future oil DRC. For, we must start somewhere and the DRC did not. As for the potential of this country, they are huge with three Congolese petroleum basins: the littoral coastal Bas-Congo), the central basin (Equateur, Bandundu), the Graben (Lake Albert) without forgetting the Province Orientale and Kasai Occidental ( Dekese).

Joachim Diana G.

Soco to drill Congo's first onshore well in 40 yrs .



* Oil minister wants a refinery built on site


By Katrina Manson

KINSHASA, Mar 17 (Reuters) - SOCO International (SIA.L) will begin exploring for oil in Democratic Republic of Congo in July in what will be the country's first onshore-only drilling project in 40 years, a company official said on Wednesday.

The project in the Bas-Congo region marks a step forward for the central African nation's oil sector, which has been virtually paralyzed by decades of corruption and conflict but which is now attracting increased investment interest.

"There has been a 40-year hiatus in onshore-only drilling," Roger Cagle, deputy CEO and chief financial officer told Reuters by telephone. "We believe that we have a pretty high chance of success, in the range of 15 to 30 percent chance, which is about as good as it gets," he said.

The company, which has already spent about $25 million on the Nganzi block, will drill three wells at a cost of $50 million to $60 million, and has put out a tender to erect onshore oil rigs in the country, which has none available.

"It wouldn't be difficult to monetise any finds as we only have to build a 60 km pipeline to the terminal which already exists," said Cagle, adding operating in the west of the country is much cheaper than in Congo's centre and east because of existing infrastructure and access to a coastline.

New Oil Minister Celestin Mbuyu, back from visiting the site where the company has built an airstrip and new roads, said he was very happy the drilling would start and hoped the company would build a refinery if oil was discovered.

Interest in Congo's oil potential has risen in recent months after big finds on the Ugandan side of Lake Albert.

Oil majors Total (TOTF.PA) and Eni (ENI.MI) have recently expressed interest in blocks on Congo's side of the lake, and several companies including SOCO are jostling for belated presidential decrees to competing licences.

Despite its potential reserves, Congo barely registers among Africa's oil producers with just 25,000 barrels a day in output, all from French independent Perenco's operations in the southwest. (Reporting by Katrina Manson; editing by Richard Valdmanis)



Russia wants to create a college of management training in oil and gas in the DRC.
Kinshasa, 26/02 (ACP) .- The Special Representative of the President of the Russian Federation, Mr. Vasiliev Alevey said Thursday after a court granted him by the Minister of Higher Education and University ( ESU), Professor Leonard Mashako Mamba strengthening cooperation between the ROK and Russia in the training of gas and oil and various other areas.


Mr. Vassilen Alevey who was accompanied by the Russian ambassador in the DRC, Mr. Anatoly Klimenko, said that Russia, with several universities in this area will support the DRC for the rotation of cadres in gas and oil. He also claimed to have exchanged with the Minister Mashako on the possibility of implementing the Chair to promote Russian language and Russian Civilization and the participation of the Russian Federation to the events of the fiftieth anniversary of the independence of the DRC. ACP / Mask / Federation



The drilling of the first oil well by the company SOCO fixed 1 July 2010
Matadi, 08/02 (ACP) .- The drilling of the first oil well by the oil company Soco International on the site Kipholo Mvumbi operating in the sector Kakongo, Lukula territory, district of Lower River, is fixed 1 July 2010, while the exploitation phase itself is expected in August of that year.
These details have been given to the press by the Director General of the petroleum company off shore, Serge Lescaut, after the hearing that he was recently given the Governor of Bas-Congo, Simon Mbatshi Batshia. The CEO of SOCO International has also indicated that studies of exploitation on the ground have been "interesting and promising." "It remains only confirmed the results of these studies to move to the operational phase," he reassured, but set opinion on the daily production capacity of its business.

In response to a question, Serge Lescaut reported that the head of the Provincial Executive has reassured its support for the development of his company, the first of its kind in the Lower River that is determined to accompany the Chief State in achieving five yards of the Republic in the employment component, rural electrification, health and infrastructure. "Indeed, he more expensive, along with its specific program, SOCO International also engages in the work of investment in social projects for the indigenous. ACP/AIFO.-



DR Congo wants $3 bln pipeline to central oil basin
Fri Mar 26, 2010 6:44pm GMT
More Business & Investing News... * Congo aims to start work on 1,500 km pipeline in 2015

* Ministry of oil will bring central basin blocks to 80

KINSHASA, March 26 (Reuters) - Democratic Republic of Congo has set 2015 as a target date for starting construction of a pipeline to export potential oil finds from its central basin to the coast, a senior official said on Friday.

Congo will look to companies and banks to fund the $3 billion, 1,500-km (900 mile) project taking hoped-for oil from blocks under forests in the heart of the country to the coast.

Several oil companies have expressed interest in the Cuvette Centrale's 21 blocks, but no exploration has started. Blocks 1, 2 and 3 have been allotted to Brazilian company COMICO, pending a presidential decree to start exploring.

"We think we can start buliding the pipeline in 2015," Joseph Pili Pili, director of projects at the ministry of hydrocarbons, told Reuters on the sidelines of a conference.

"To finance it we will go to the companies, and the banks," he added, giving the $3 billion price tag.

The pipeline, dubbed "The Reptilian" after its lizard-like across the country, would link the Cuvette Centrale to Matadi river port on the western coast.

Pili Pili also said the ministry of hydrocarbons plans to add more blocks to the area, bringing the total to about 80.

Congo hopes a spate of proposed exploration that has oil majors Total (TOTF.PA) and Eni (ENI.MI) interested will bring its stagnant oil sector to life.

Its tiny oil industry, which produces about 25,000 barrels a day from its onshore and offshore blocks in the southwest, is also waiting presidential go-ahead for exploration of blocks -- some of which are disputed -- in the east. (Reporting by Katrina Manson; Editing by David Lewis)

WOW. Is there anything that DRC doesn't have? All sorts of minerals, now huge oil? DRC is like a giant on comma right now, when it wakes up .... damn!
:cheers:

WOW. Is there anything that DRC doesn't have? All sorts of minerals, now huge oil? DRC is like a giant on comma right now, when it wakes up .... damn!
:cheers:

With idiotic leadership for long time, it really sucks. perhaps this decade its time to get out of the comma.

Its either this decade or never.

Cooperation: 2nd Russia-Congo bilateral Business Forum to be held in Kinshasa.
Kinshasa, 27/03/2010 / Economy
The second bilateral business forum bringing together entrepreneurs from Russia and Congo will be held in Kinshasa in May.

It's confirmed. The second bilateral Business Forum to bring together entrepreneurs and businessmen of the Russian Federation and the Democratic Republic of Congo will be held next May in Kinshasa following the first Forum, held in Moscow l last year.

In Russia, it announced the arrival in the Congolese capital, on this occasion, two dozen companies including the Russian gas giant "Gazprom", but also oil, "LUKoil".


http://digitalcongo.net/article/65650

WOW. Is there anything that DRC doesn't have? All sorts of minerals, now huge oil? DRC is like a giant on comma right now, when it wakes up .... damn!
:cheers:

^^let her sleep peacefully our prayers are with her:lol::lol:

^let her sleep peacefully our prayers are with her:lol::lol:

And time to wake up is near.:), red heat.

Wow you guys have oil too. This is truly amazing. I always thought the DRC had metals and precious stones but not oil. If the oil could be managed well you guys could join the ranks of Angola in less than two decades.

Wow. Congo has sooo many resources, waiting for the day the potential is made use of.

Wow you guys have oil too. This is truly amazing. I always thought the DRC had metals and precious stones but not oil. If the oil could be managed well you guys could join the ranks of Angola in less than two decades.

Do we have Oil too?:lol:

Yes we do. we produce chicken amount of Oil 22,000 b/day as we speak.

There is Oil in the east by the border with Uganda; and Tanganyika lake.

There is Oil in the North-West jungles.

And there is Oil in the Atlantic Ocean and on Shore by the Ocean which has been pumping since the 1970s , 30,000 b/day, but it has declined because during the wars as the government didn't pay that mcuh attention.

But now the government is impressed by Angola and Congo how their governments have money to spend.

Mineral make money, but not as fast as OIL and Gas.

So, yeap. the government wants fast, quick to money to spend other than minerals.

Wow. Congo has sooo many resources, waiting for the day the potential is made use of.

We have moron leaders that just enrich themselves. this is another corruption candy, as corruption is a disease in this country. Hopefully the country will get out of the embarassing ranks and join the ginats of the continent.

Do we have Oil too?:lol:

Yes we do. we produce chicken amount of Oil 22,000 b/day as we speak.

There is Oil in the east by the border with Uganda; and Tanganyika lake.

There is Oil in the North-West jungles.

And there is Oil in the Atlantic Ocean and on Shore by the Ocean which has been pumping since the 1970s , 30,000 b/day, but it has declined because during the wars as the government didn't pay that mcuh attention.

But now the government is impressed by Angola and Congo how their governments have money to spend.

Mineral make money, but not as fast as OIL and Gas.

So, yeap. the government wants fast, quick to money to spend other than minerals.

So you dont mind if we could mine in your country and you guys worry about the oil :D

This is where Congolese OIL and Gas are found.



Atlantic Coast Oil Maps.

http://i396.photobucket.com/albums/pp49/bukavu_2008/carte_dr_congo.jpg


http://i396.photobucket.com/albums/pp49/bukavu_2008/400px-Petroleum_regions_-_West_Afri.png


http://i396.photobucket.com/albums/pp49/bukavu_2008/untitled-19.jpg


Great Lakes Oil Maps.

Nord-Kivu and Oriental Province.


http://i396.photobucket.com/albums/pp49/bukavu_2008/Albert-1.jpg


http://i396.photobucket.com/albums/pp49/bukavu_2008/DRC_Uganda.jpg


http://i914.photobucket.com/albums/ac346/bukavu21/MAPS/P23-Atlas2010-angola-26-DRC-LR.gif

La RDC ouvre 16 blocs à l'exploration pétrolière.
(Investir.fr 25/03/2010)

La République démocratique du Congo va ouvrir 10 blocs à l'exploration pétrolière dans le lac Tanganyika et six blocs dans le lac Kivu, a annoncé mercredi un responsable du ministère de l'Energie.

La RDC, qui a déjà offert des blocs à l'exploration au lac Albert, ouvrira en avril des appels d'offre pour les nouveaux blocs, a déclaré Joseph Pili Pili, directeur deprojets au ministère congolais du Pétrole.





The DRC opens 16 blocks for oil exploration
(Investir.fr 25/03/2010)

The DRC will open 10 blocks for oil exploration in Lake Tanganyika and six blocks in Lake Kivu, said on Wednesday an official at the Department of Energy.

The DRC, which has offered exploration blocks in Lake Albert, opened in April of bidding for new blocks, said Joseph Pili Pili, director deprojets the Congolese Ministry of Oil.

So you dont mind if we could mine in your country and you guys worry about the oil :D
As long as you give the blue print of the Rooivaks , Rooikats.:)


Choose what you want.
http://i914.photobucket.com/albums/ac346/bukavu21/MAPS/lamy001.jpg

Do we have Oil too?:lol:

Yes we do. we produce chicken amount of Oil 22,000 b/day as we speak.

There is Oil in the east by the border with Uganda; and Tanganyika lake.

There is Oil in the North-West jungles.

And there is Oil in the Atlantic Ocean and on Shore by the Ocean which has been pumping since the 1970s , 30,000 b/day, but it has declined because during the wars as the government didn't pay that mcuh attention.

But now the government is impressed by Angola and Congo how their governments have money to spend.

Mineral make money, but not as fast as OIL and Gas.

So, yeap. the government wants fast, quick to money to spend other than minerals.

A fact lost on many people on SSC.

We have moron leaders that just enrich themselves. this is another corruption candy, as corruption is a disease in this country. Hopefully the country will get out of the embarassing ranks and join the ginats of the continent.

Your not alone buddy, this is the case for most countries in our continent unfortunately.

A fact lost on many people on SSC.

The government already recognized that minerals doesn't make as much money as they would like.

500,000 tonnes of Copper/year Vs 500,000 b-OIL/day. the math is basic , i don't know why someone would fail to see that.:lol


Hopefully they wont be too much of morons. the president and his wife are very active in small farming like these. and he wants those with money to invest heavily and they will get government help with mechanization , while the government is also rebuilding the infrastructures.

like this one in sounth Eastern part of the country.
ZIIUPzQssts


Kinshasa industrializing it agriculture.
eUKE3fsifnU


All except agriculture .
Monday, 08 February 2010 23:34
http://i914.photobucket.com/albums/ac346/bukavu21/MAPS/Muzito20presse.jpg
The Prime Minister broke his silence Saturday, February 6, 2010 directly from the national press. It was a media circus. No detail in the Prime had been set aside to make all the solemnity of the event.

Since his arrival in late 2008 to head the government, was the first time that the Prime Minister reported to the national press for its management. Tables, charts, histograms, etc.. statistics were used to provide evidence that the DRC is on track. That also seemed to say the Prime Minister, modern management made by "nationalists to power."

Cons sinners in troubled waters, the Prime Minister swept a backhander all the bad predictions. Between him and the head of state, there is unanimity not only in vision but in the processes and methods used, he was quick to assert. The weather is set fair.

Since the speech of December 2009 the President of the Republic before Parliament convened in Congress, the Prime Minister has given new tasks, and also new challenges. The deadline of March 2010 is one that has set the president to judge the effectiveness of these actions.

Also, during his press conference, the Prime Minister has reviewed the economic and social situation of the DRC. Reaching the completion point under the Initiative debt relief for heavily indebted poor countries has not been addressed.

The evolution of the state budget, salaries of officers and civil servants, public debt, transfer of resources to provinces, the scales of teachers, medical personnel and the Magistrate, the outbreak banking, private sector support, the five sites, improving the business climate, anything, in any case was overshadowed. No, it was found at the end of term.

For during his performance to the media one hour thirty minutes, the prime minister did not mention the actions or those intended to support the revitalization of the agricultural sector. Is it the fault of the press did not ask a single question on this industry?

But what is clear is that the Prime Minister has not mentioned in its "media circus" that his government intends to make "agriculture, priority precedence. At the age of five yards, but no attention is paid to this sector, however, very buoyant in view of the immensity of arable land in the DRC and that agriculture is the bedrock of any economy.

At government level, there is far to worry about. His attention is elsewhere. It is increasingly riveted on sectors with visible and immediate profitability.

Agricultural country, the DRC has lost benchmarks and sluggish to boost its agricultural sector. However, opportunities are there. Remains a strong political will to revive a sector with strong ability to drive the economic system.

Certainly, the Prime Minister spoke. He was convinced of the relevance of its analysis, the depth of his arguments and above all the objectivity of its statistics. But the Congolese people expect more than that. The future of the Congo can not be negotiated in the mining sector. Studies - more serious - have proved that economic takeoff is from the agricultural sector. The United States, China, the two superpowers current passed through this route.

Your not alone buddy, this is the case for most countries in our continent unfortunately.

But we have the worst of them all.

Western Onshore Oil Blocks.
http://i914.photobucket.com/albums/ac346/bukavu21/MAPS/109422_16a57ba4a2fa4391b315.jpg

Offshore Oil Fields.
http://i914.photobucket.com/albums/ac346/bukavu21/MAPS/afrc_img02.gif

As long as you give the blue print of the Rooivaks , Rooikats.:)


Choose what you want.
http://i914.photobucket.com/albums/ac346/bukavu21/MAPS/lamy001.jpg

good old Katanga, I wonder how much surveying has taken place in Equatuer. Tanganyika is on it's way. With God's blessing I will be governor of Tanganyika:)

Tanganyilka is one of favorites and it will be growing like mushrooms. with Oil, Mining, Agriculture.

BTW; the government is calling on Oil investor to drill in Tanganyika.

If Congo has that much Oil, no country in Africa will ever be able to compete with them ever, if they use all their resources wisely.

With that amount of resources, they could be a Global Power, not an African Power.

If Congo has that much Oil, no country in Africa will ever be able to compete with them ever, if they use all their resources wisely.

With that amount of resources, they could be a Global Power, not an African Power.
To be honest, I am a bit sceptical of this 100 billion barrels figure. It is true that Congo's reserves are still largely unexplored, but 100 billion barrels quoted in the first post seems VERY optimistic, it would be around 7.5% of the planet's total reserves. My guess is that the actual oil there is about half of that ammount (which is still alot).

To be honest, I am a bit sceptical of this 100 billion barrels figure. It is true that Congo's reserves are still largely unexplored, but 100 billion barrels quoted in the first post seems VERY optimistic, it would be around 7.5% of the planet's total reserves.

The Oil that lies beneath the tropical jungle is massive , without counting the rest of the country.
But yea, i don't think its 100 billion. i would say its more likely 30-40 billion barrils.

even without a single drop of Oil, Congo can still be a Global power.

The government wants Oil because it brings in so much money and very fast. All this Oil thing is because of Angola.

Also because the government needs some money to spend on the military for security.

Look at where Angola was in 2003 and now. If Angola had no Oil, they will still be almost the same as in 2003.

Minerals are very slow money earners. You could only earn lots of money is you mine, refine and set prices yourself. and not import finished goods.

Oil this, oil that, what is the benefit of oil if it is not being used to develop a nation's infrastructure ?

Oil this, oil that, what is the benefit of oil if it is not being used to develop a nation's infrastructure ?

Your right about the infrastructure development. But you forgot that some countries have gotten close to collaps , but Oil helped them and there doing good.

Look at Angola where it was in 2003. do you think they would have been doing good as they are , if it wasn't for Oil?


Look at Russia after the Soviets collapsed , from about $300,000 billion economy to more than $1 trillion in about 10 years.

Look at Sudan.

With the right leadership , at least Okay. the country can make a things happen very fast.

So yea, Oil is good.

Watch Uganda and Ghana in 5 years from when they will start pumping.

They will be the center of attention for investors and skyscraper forumers., including you.

To be quite frank with you, I only see Ghana and Mozambique really benefiting from their newly discovered oil reserves.

The rest I really don't know

To be quite frank with you, I only see Ghana and Mozambique really benefiting from their newly discovered oil reserves.

The rest I really don't know

It all has to do with leadership. Not having wealth that you don't know how to use.

Oil this, oil that, what is the benefit of oil if it is not being used to develop a nation's infrastructure ?

Believe it or not, but infrastructure shouldn't be the first priority.

1. Security.
2. Agriculture and Law conducive to investment.
^After these two things are done you create a favorable investment climate and mitigate a lot of risks associated with doing business in your country.
3. Finance management - make sure the government can manage their new source of revenue properly and efficiently to invest in 4 and 5.
4. Infrastructure.
^If you have companies willing to do business in your country both the cost of infrastructure projects will go down (through competition and risk reduction) and the rate at which infrastructure projects will be build will go up.
5. Medicine and Education.
^A country can never go wrong with investing in human capital.

Believe it or not, but infrastructure shouldn't be the first priority.

1. Security.
2. Agriculture and Law conducive to investment.
^After these two things are done you create a favorable investment climate and mitigate a lot of risks associated with doing business in your country.
3. Finance management - make sure the government can manage their new source of revenue properly and efficiently to invest in 4 and 5.
4. Infrastructure.
^If you have companies willing to do business in your country both the cost of infrastructure projects will go down (through competition and risk reduction) and the rate at which infrastructure projects will be build will go up.
5. Medicine and Education.
^A country can never go wrong with investing in human capital.


Infrastructure is a priority because with better infrastructure comes the creation of better expenditures and lesser outputs for production; be it in agriculture , or forestry etc etc

It all has to do with leadership. Not having wealth that you don't know how to use.

Good as you made that point because the reason Angola is doing well in not solely because of its resources but on its progressive government whose interest is on developing the country

Ghana and Mozambique without the oil discoveries were few of the top more developing countries in Africa and imagine how these countries are going to transform when the oil money start pumping in. Already the South Africans and Americans are already investing in Mozambique by building roads , hotels, malls etc etc, they are not stupid, they know that country in a few years, this country is gonna start pumping oil and they shall be getting their high profits in return.

Ghana too has a good leadership that would know how to distribute its wealth and hopefully shall attract more investors

Whatever happen to clean energy?:bash::lol::nuts: jk

Clean energy?

You can't use clean energy to power industries. and it ins't cheap either. and it doesn't make money either.
With good leadership, they can use Oil money to invest in clean energy and research.

Clean energy?

You can't use clean energy to power industries. and it ins't cheap either. and it doesn't make money either.
With good leadership, they can use Oil money to invest in clean energy and research.

I see you didn't see the "jk"

I see you didn't see the "jk"

yeap, did not see it.

good news , but im not surprised this country got all the things to became an african giant

good news , but im not surprised this country got all the things to became an african giant

Thats passible, but having moron leaders sucks.

Thats passible, but having moron leaders sucks.
^^ The most valuable resource of any country are its people .. African countries should invest in training of the intellectual man of his country and obviously in Agriculture and safety. The national must have the knowledge to overcome and resolve the needs and problems facing their country. Otherwise, African countries will suffer a new settlement where Europeans and Chinese control the country through its companies and investments .. African countries should rely more on its Diaspora citizens formed .. Congo has the potential to be a member of the G8, but it needs to have a strong leader with modern vision, someone knows how to play the game. Without that African countries will always be a promise. So I hope that the DRC giant wake from coma ..

^^ The most valuable resource of any country are its people .. African countries should invest in training of the intellectual man of his country and obviously in Agriculture and safety. The national must have the knowledge to overcome and resolve the needs and problems facing their country. Otherwise, African countries will suffer a new settlement where Europeans and Chinese control the country through its companies and investments .. African countries should rely more on its Diaspora citizens formed .. but it needs to have a strong leader with modern vision, someone knows how to play the game. Without that African countries will always be a promise. ..

Everything you say there are very true.

^^ The most valuable resource of any country are its people .. African countries should invest in training of the intellectual man of his country and obviously in Agriculture and safety. The national must have the knowledge to overcome and resolve the needs and problems facing their country. Otherwise, African countries will suffer a new settlement where Europeans and Chinese control the country through its companies and investments .. African countries should rely more on its Diaspora citizens formed .. Congo has the potential to be a member of the G8, but it needs to have a strong leader with modern vision, someone knows how to play the game. Without that African countries will always be a promise. So I hope that the DRC giant wake from coma ..

All agreeable, and well said, especially if the oil prices suffer a similar fate has some minerals did in the 70s :cheers1:

All agreeable, and well said, especially if the oil prices suffer a similar fate has some minerals did in the 70s :cheers1:

Oil is great when you massively for things like Infrastructures , power plants, create Banks, Insurance companies and use to develop the rural areas( for a country like Congo), Universities, Hospitals.

Of course weather its Oil or Minerals or nothing at all, countries are built by having Human resources. Doctors, scientists, Engineers in all fields , Physicists , economists etc...

But Oil can make it easier and very fast for country to have get these people.

^^Oils always a welcome boost to levels of economic activity^^:)

Oil is great when you massively for things like Infrastructures , power plants, create Banks, Insurance companies and use to develop the rural areas( for a country like Congo), Universities, Hospitals.

Of course weather its Oil or Minerals or nothing at all, countries are built by having Human resources. Doctors, scientists, Engineers in all fields , Physicists , economists etc...

But Oil can make it easier and very fast for country to have get these people.
^^ I agree with you ... But human resources got to be National .. For example, Angola is to call many diverdias Trainers in areas to form the National moreover this to open many universities and polytechnics, university cities as centers of courses Professional tb .. In Angola the whole "world" in this School .. What's good for the nation. We need trainers, workers not Chinese, or any other country ..
I face the petroleum as an aid, nothing more, for example, Dr Congo is capable of, providing food and energy, the SADC. The DRC may well be distinguished by their large Agriculture, Energy, Tourism, Export Timber, Uranium, among other capabilities, which the country has .. And of course the African countries, more precision, the Union for the exchanges commercial .... Africans need, to stop looking at the oil, such as Jesus Christ the savior of the nation.

I think the oil money should be invested in modernizing of mining and in the building of factories, so that the 47000 billion dollar of resources can be exploited.

In Zambia China build in only six month one of the biggest copper melting oven factory of Africa. They can do the same in Congo. Then Congo can launch their industry and become the new ZA.

Implementation of the first oil drilling in Kai-Nganga, Bas-Congo Saturday, July 17, 2010

The Deputy Prime Minister, Minister of PTT, Simon Bulupiy Galati, conducted Thursday to launch the first oil drilling in Kai-Nganga, in block Nganzi, Bas-Congo, during a ceremony organized by the company Soco International , on Friday at the Oil Ministry.

(JPG)

The Minister of Hydrocarbons, Celestin Mbuyu Kabango said on this occasion that the inauguration of the oil well is conducting a seismic survey which helped to identify prospects who are targets to be drilled from this day .

SOCO has mobilized significant resources to reinforce the idea of an exploration drilling campaign whose realization is an event full of promise, "he said.

The governor of Bas-Congo, Simon Floribert Mbatshi Batshia, welcomed this development and drilling for the reconstruction of his province.

The first memorandum of agreement between the DRC and SOCO was for the execution of a proposed acquisition of aeromagnetic and gravity data to inform the general shape of the base and the thickness of sediment on all Former rendered FINAREP. The production sharing contract (PSC) with the DRC has been approved by the Head of State in 2008. After visiting the site and locality Kipholo, the impact of social achievement is obvious, he said, noting the construction and maintenance of bridges, opening roads, building a position of Aviation .

SOCO and its partners are operators in the Albertine Graben block V of Tanganyika and the Graben, in the central basin, said it does.

ACP / INN



Congo could produce oil in east from 2013: driller

By Katrina Manson

KINSHASA (Reuters) - Democratic Republic of Congo could produce oil within three years from one of its blocks in the eastern Lake Edward region after the president gave exploration the go-ahead last month, block investors said.

Congo lags neighbouring Uganda's efforts to find oil, but decrees from President Joseph Kabila in June gave the green light to companies that waited three years to start exploring its eastern lakes, which straddle the border with Uganda.

"We should be drilling next year but export will still be three years away," Roger Cagle, deputy CEO of LSE-listed SOCO International and non-executive chairman of Dominion Petroleum, told Reuters in a telephone interview.

SOCO is the operator of the Albertine Graben's Block 5, which includes North Kivu's Lake Edward, with 38.25 percent in the joint venture, in which Congo's state oil company Cohydro also has 15 percent.

AIM-listed Dominion Petroleum has 46.75 percent and is also operator of Uganda's Block 4B, which borders Block 5 on the Uganda side of the lake, making Dominion the only company to have a stake in oil on both sides of the border.

Dominion is already drilling its first exploration well on the Ugandan side of the lake, with results expected this month.

"If there is a bad result it won't condemn Block 5, but if it's a good result -- we believe Block 5 will be in a better position in the basin," said Cagle, who said Congo was already playing catch-up to Uganda, which may have 2 billion barrels.

"Oil is in a common resevoir and if you don't drill on your side there's a possibility someone else is getting your oil," he added in the July 9 interview.

CONCESSIONS FOR CONGO

Block 5 is the least controversial of the four Congolese blocks ratified last month, facing no contest from rival companies or fee disputes.

Last month Tullow Oil called the handing of two blocks it had already paid a signature bonus for to two surprise new entrants claimed by South African businessman Khulubuse Zuma a "smash and grab" and is considering legal action.

Following a May report from lobby group PLATFORM that argued Congo's deals to date would not sufficiently benefit the country, Block 5's investors paid an additional $500,000 signature bonus last month, bringing the total to date to $2.5 million, according to sources familiar with the deal.

"We did have to increase our signature bonus," said Cagle.

Andrew Cochran, CEO of Dominion Petroleum, said Congo would benefit from its presence on both sides of the border, adding that seismic exploration should begin in Congo this year too.

Despite having a larger share in Block 5, it agreed to make minority partner SOCO the operator in Congo to appease Congolese fears of a monopoly on both sides of the border, especially since oil will likely be exported via Uganda in a pipeline yet to be built, giving its neighbour greater control and revenues.

"The benefit (of being on both sides of the lake) is huge," Cochran told Reuters in a July 11 interview.

"Whatever happens in that basin we get a slice of it," he said, adding the companies would share data and coordinate on export.

"If we had a hostile party on the other side it would be much harder. (Block 1 companies) Caprikat and Foxwhelp will have to face off against Tullow to export the oil," said Cochran of Tullow, which has concessions on the Uganda side.

We have moron leaders that just enrich themselves. this is another corruption candy, as corruption is a disease in this country. Hopefully the country will get out of the embarassing ranks and join the ginats of the continent.

You guys are the most unluckiest luckiest nation in Africa. Maybe some regions should be given autonomy and form some sort of Federal republic - just a thought.

Maybe some regions should be given autonomy and form some sort of Federal republic - just a thought.

A Federal system has been put in place. for the last 3 years. Centralization has failed and everyone in the country knows that. to big to be centralized .

Lets see what that does. But in my views, it seems to be working well and people like it.

I'm starting to seriously think that DRC could be Africa's sole supplier of resources (to other african countries too) for decades, and still have plenty of resources left for themselves or to just preserve. This country surprises me more and more every day.

Take a good percentage of oil revenue (if production is high), set up a SWF, and invest a % of money taken from oil revenue into it and voila, rapidly developing DRC. :applause:

Though I don't wanna sound like an enviro-freak, I just hope that a niger delta-style eco-disaster isn't in the making once oil drilling, et cetera starts.

when you sit there and try to list all the natural rescources congo has, you easily feel like waking mobutu up, beat the hell out of him, and kill him again.

-2nd biggest hydro electric potential in the whole world
-so many minerals available that i think they are still trying to invent names for some
-oil available on every corner of the country
-more than enough rainfall all year
-lots of vocanic and fertile land for endless agriculture
-they have a port
-HUGE potential for tourism!!!!
-lots of raw materials available
-huge industrial potential

the list is endless!!!!!!

and then somehow that same nation is one of the poorest nations on EARTH????? you can easily lose it because it is very hard to reconcile the fact the worlds natural rescources richest nation is also one of the poorest nation on earth!!! its like WHAT THE F*CK???????

imagine if mr zenawi in ethiopia had these minerals at his disposal?

I think as Congo DR grows and starts to make money, the level of leadership will also be able to raise. People once unable to have access to information shall have it and learn of the terrible corruption and will use democracy and the rule of the new constitution. In addition, like all of Africa, the average age is very young when compared to other non-African countries, so a new generation who has lived in democracy and positive grow and a far higher standard of living will inevitability be passed down the torch and govern more responsibly.

Well lets hope so. Its good to hear that the Congo has the potential of becoming an oil giant. But sometimes you have to be careful what you ask for.

Of course a huge country the size of the Congo always has been blesssed with an abundance of resources, tapped & untapped. But that same wealth of resources also helped make an unaccountable dictator like Mobutu one of the richest men in the world.

Its also the case that unsatiable global demand for tantalum, tunstun, tin, gold, etc has done more to fuel the conflicts in eastern Congo for over a decade than it has has to benefit the Congolese people.

Another flipdside of an oil boom is a lot more accidents like what happened recently when a couple of hundred Congolese were killied in an oil tanker truck crash.

Whatever happens, I just hope the Congolese people will be able to hold their leaders accountable & share in whatever windfull that may eventually come out out of this.

Well lets hope so. Its good to hear that the Congo has the potential of becoming an oil giant. But sometimes you have to be careful what you ask for.


Its also the case that unsatiable global demand for tantalum, tunstun, tin, gold, etc has done more to fuel the conflicts in eastern Congo for over a decade than it has has to benefit the Congolese people.
[FONT="Arial Black"]


Oil wont bring anything worst that we haven't seen.


Of course a huge country the size of the Congo always has been blesssed with an abundance of resources, tapped & untapped. But that same wealth of resources also helped make an unaccountable dictator like Mobutu one of the richest men in the world.

Mobutu always had opposition from the first day he took power to his last day in Congo. There was a powerful non violent opposition that was born in the early 1980s because of lack of personal freedom.

He was able to contain the armed opposition because of the economy was doing great and lots of good things were happening.

When he changed and started becoming more and more corrupt and the economy declining, not just the non violent opposition, but armed opposition came back and this time there was no holding back.


Another flipdside of an oil boom is a lot more accidents like what happened recently when a couple of hundred Congolese were killied in an oil tanker truck crash.

May their souls RIP.

Accidents happen, but doesn't mean the end.

The accident didn't happen because of the Oil boom. There have been Oil Transportation on that road since the colonial times.
This is actually the first recorded Oil tanker accident in East Congo.

But i know what you mean. Accidents in the Oil boom are inevitable , every boom (Be it mining, Construction, you name it all), but many of this kind accident mostly due to sabotage and irresponsible behaviors on part of the authorities.

Whatever happens, I just hope the Congolese people will be able to hold their leaders accountable & share in whatever windfull that may eventually come out out of this.

No Congolese think that having the Oil will make them rich, Minerals ahve already given us lessons.

This is what Congolese people ask,; Given Roads/Highways, Water, electricity, security, schools, hospitals. The rest are my responsibilities.

Wow, oil now! You guys said it all, Congo, time to wake up from coma...

The main problem of this country is the leadership, Butembo, how is the current president and government doing? As a Congolese, do you think they'll be able to handle that? Of course there will be corruption, but they're much better than Mobutu right?
Just hope the DRC realizes its full potential, and takes the place it deserves on international (not only continental) level.

Bonne chance RDC, il est temps de prendre la place que tu mérite! De tout coeur avec cette belle nation!

:laugh: Congo always had Oil we have been producing a chicken production of 25,000 berrils of Oil /day since the 1970s. We just haven't developed it. because in the 1970s Minerals were more profitable than Oil.

Yes we can handle it. there is nothing worst we haven't seen.

Do i think the current president is better than Mobutu? Well, he is almost a moron just like Mobutu. that why the country isn't fully peaceful. Congo is a very complex nation to rule. there is always something that go nuts. We will be able to judge him better in 2017. he is popular with half of the country only at the moment.

:laugh: Congo always had Oil we have been producing a chicken production of 25,000 berrils of Oil /day since the 1970s. We just haven't developed it. because in the 1970s Minerals were more profitable than Oil.

Yes we can handle it. there is nothing worst we haven't seen.

Do i think the current president is better than Mobutu? Well, he is almost a moron just like Mobutu. that why the country isn't fully peaceful. Congo is a very complex nation to rule. there is always something that go nuts. We will be able to judge him better in 2017. he is popular with half of the country only at the moment.

At least there is a democratic constitution and the government is relatively more decentralized.

:laugh: Congo always had Oil we have been producing a chicken production of 25,000 berrils of Oil /day since the 1970s. We just haven't developed it. because in the 1970s Minerals were more profitable than Oil.

Yes we can handle it. there is nothing worst we haven't seen.

Do i think the current president is better than Mobutu? Well, he is almost a moron just like Mobutu. that why the country isn't fully peaceful. Congo is a very complex nation to rule. there is always something that go nuts. We will be able to judge him better in 2017. he is popular with half of the country only at the moment.

That's a long ways off. Is that when re-elections are? :lol: Or are you talking about 2017 being the beginning of the long-term effects on Congo during his current rule?

That's a long ways off. Is that when re-elections are? :lol: Or are you talking about 2017 being the beginning of the long-term effects on Congo during his current rule?

Well, i know he will be re-elected. lots of constructions going on since the 1970s. (parts of East DRC are being in pain because of rebel-army fights). Even popular governors are all from his party or allied to him and his party.

Wow, oil now! You guys said it all, Congo, time to wake up from coma...

The main problem of this country is the leadership, Butembo, how is the current president and government doing? As a Congolese, do you think they'll be able to handle that? Of course there will be corruption, but they're much better than Mobutu right?
Just hope the DRC realizes its full potential, and takes the place it deserves on international (not only continental) level.
!

Non, not better than Mobutu, its just as stupid and very irresponsible as Mobutu's. Congo should have been calm with no more fighting if the leadership was Ok. But it's not even close to OK.

Oil drilling one-Shore in Bas-Congo by SOCO Company.
Kinshasa, 7/23/2010 / Politics
Launching at half-July of oil drilling one-Shore on the Ngazi block in Kipholo in the oil field of Bas-Congo incontestably represents a bet won by President Joseph Kabila who thus propels the DRC in the seraglio of the large oil-producing countries to consolidate the assets of his development

DRC has the vocation of an oil country. What was yesterday on the level of speech is on the way to become a live reality. What happened at Kipholo on last July 15 is a perfect illustration of the ambition of DRC. After four years of exploratory research on block NGANZI, oil Company SOCO carried out last Thursday July 15 the launching of drilling in ONSHORE on this oil field of the province of Bas-Congo.

To attend the event - because, the blow was worth the candle - more than 2000 people of which about fifty political, economic personalities and scientific, made the displacement of Kipholo a locality forgotten yesterday but which, from now on, figure in gold letters on the chart of DRC and the province of Bas-Congo.

One waited, taking into account the symbolic system of the event, the presence of the Head of the State to chair the ceremony. It was highly represented by the Deputy Prime Minister in charge of the postal and telecommunications authorities, Simon BULUPY. But, for the population, present or not at this ceremony, the Head of the State was the object of their reception. It is him whom this population came to welcome. For example, on the point of prospective customer B, close to the village KAYINGANGA, a compact crowd ovation came the Head of the State.

The population of Kipholo actually behaved as if the Head of the State were present at this ceremony. This recognition to the Head of the State, it is the proof of the hope of everyone to profit from the development which SOCO DRC brings. Before the blow of sending of drilling, the members of the central Government, the members of the cabinet of the head of the State, the elected officials of the people and the members of the Government of the Province of Bas-Congo visited the aerodrome of KIPHOLO, the operational base of SOCO, the road network of more than 20 km…It is necessary to add to this list of the achievements of other social works built by SOCO Company DRC for the benefit of the population.

What gives to this ceremony its event character, it is among other, the fact that it has been the first drilling on this oil field of the coastal basin of the DRC for more than 40 years. It is thus a step of the revival in this sector. In this will of the government to make profitable its oil resources, international SOCO Company is among, not to say the first which finalizes its contract of division of production (CPP) signed to the government in 2006.For this reason, insofar as it is used as stimulant at all the other companies which signed and did not start yet, SOCO International deserved the congratulations of the vice Prime Minister Simon BULUPY, the Minister of the Hydrocarbons Célestin Mbuyu, on behalf of the central government and of Floribert Simon Mbatshi Batshia, governor of Bas-Congo.

They recognized all to International-DRC contract SOCO, a model of partnership for the concretization of the 5 yards of the Republic and the development of the local communities. Present also at Kipholo, the national deputy Célestin VUNABANDI, elected official of Rutshuru, expressed the wish to see SOCO Company carrying out the same social actions to Rutshuru and his surroundings where this company is expected in the very next months for the oil exploitation in block 5 of the Albertine Graben (at the edge of the Edouard Lake).The chairman of International SOCO, RUI OF SOUZA, has, in his speech of circumstance reaffirmed his intention to answer the wish of the populations of Rutshuru. For its part, Serge LESCAUT, DG Africa of Soco was a happy man. Because, it saw its crowned efforts of success; it is the same satisfaction on behalf of the DGA of Soco DRC, José SANGWA. This last is happy of going to live a new experiment in the territory of Rutshuru where Soco DRC will begin work of drilling to block 5 of GRABEN ALBERTINE in the province of North-Kivu.

London Stock Exchange with Kipholo

Whereas one had not finished celebrating the launching of the first drilling on the Nganzi block, Kipholo was in effervescence 5 days after, Tuesday July 20, 2010, a high delegation of the executive committee of international Soco is descended in Kipholo to realize of the work which was done in this locality. Composed of ED STORY, president of International Soco, by Roger CAGLE, vice president of International Soco and of Gordon GRAHM which supervises the operations of explo-production of Soco on a world level, this delegation was preceded in Kipholo by a strong delegation by analysts by the purse by London.

They are the representatives of the American, British, Swedish and German banks. They went in Kipholo to include the direction of the investment of Soco in DRC and the possibilities of businesses which this country offers. They arrived at Kipholo by the aerodrome Tshiama Pene before traversing the section of 20 km road of Kipholo to the Lukala River where a bridge of 44 metres will be thrown soon. In the speeches for the circumstance, of the police chief of district of the Low-river and president of international Soco, ED STORY, it was a question of complicity and perfect collaboration between the population and the Soco group in a durable partnership for the good of all.

The governor of Bas-Congo congratulated Soco for his participation in the 5 yards on the Republic encouraged to make more in the respect of the laws of the country, especially as regards employment. It is necessary, insisted the governor, to privilege the local labour and national competences before thinking of the external expertise. Before buckling their visit to Kipholo, the London Stock Exchange analysts had strategic discussions to the staff directing of Soco., the Governor of Bas-Congo and the Minister of Hydrocarbons, Célestin Mbuyu.

http://www.digitalcongo.net/article/68671

WOW....:banana2: in my opinion Congo should not be so greedy tryin' to explore all the oil on is soil...but they should invest in industries...because DRC have it all...I never agree with oil exploration...nowdays this guys don't explore the way they should...they are hurt the invoirment...DRC most pay attension on this because if they get sloppy this idiots could make the samething that has happend into the golf of mexico...the mother nature will suffer but nobody will give a damn...please be smart and not get ambicious look to everybody's mistakes...the oil is not everything...my opinion DRC should invest ALOT MORE in industrials...but I also understand that there is a people in a special need for good condition,medical atention...I'm with Congo be smart that's what I say :D I can wait for DRC get out of this damn comma lol...;)m))

Non, not better than Mobutu, its just as stupid and very irresponsible as Mobutu's. Congo should have been calm with no more fighting if the leadership was Ok. But it's not even close to OK.

I see, you're right, if the leadership is ok, then the rest should be fine. Good luck on that

WOW....:banana2: in my opinion Congo should not be so greedy tryin' to explore all the oil on is soil...but they should invest in industries...because DRC have it all...I never agree with oil exploration...nowdays this guys don't explore the way they should...they are hurt the invoirment...DRC most pay attension on this because if they get sloppy this idiots could make the samething that has happend into the golf of mexico...the mother nature will suffer but nobody will give a damn...please be smart and not get ambicious look to everybody's mistakes...the oil is not everything...my opinion DRC should invest ALOT MORE in industrials...but I also understand that there is a people in a special need for good condition,medical atention...I'm with Congo be smart that's what I say :D I can wait for DRC get out of this damn comma lol...;)m))

Congo has been producing Oil for the last 40 years. we produce a chciken amount of 25,000 berrils/day.

We have lots of Oil, but unexploited and we import 100% of refined petroleum. even though we produce crude Oil, we also consume more than we produce.

We can't sleep, walk , play on soil that has Oil, then spend money import it. we will use it to keep the money in the country.

SONANGOL is has already opened gas stations in Kinshasa by the way. Angola-DRC's SONANGOL-COHYDRO supposed to have a joint exploration by the way.


But i agree with what you say , Oil mess up the environment so bad and Congo has Oil up there in the Jungles and the government is planning a a multi-billion superpipeline if the Brazilians start drilling there and they already open up the blocks in that very sensitive Area.

I would just like that we drill where we currently drill on and offshore in the Atlantic Ocean. and in North East and thats it.

Oil make so much money and very fast. nothing makes more money and faster than Oil. Thats why we want now to produce more Oil.

Angola, Congo-Brazza, Sudan, Nigeria all you guys have are having these high speed growths . You have lots of money to spend. we only depend on mining that is very slow and don't make so much money like Oil and Gas.

But i agree with you that we need to industrialize and diversify , that's what is happening. We are building Roads, bridges , Railroad will also be built, the Agriculture is being revived , the Real estate and property , retail, Hotel industries are also starting to boom. There are plans to boost the electricity production to revive the economy for manufacturing investors.

Once we have a large network of paved interstate roads, the economy will grow very fast. it was at 8% in the summer of 2008,(but because of the world financial system , we sunk to 2.5%, now its back to 5% and projected to be more than 7% next year.


Oil is not everything, your right again. But its a Lion's share , if used well, you can do things very fast.

Congo has been producing Oil for the last 40 years. we produce a chciken amount of 25,000 berrils/day.

We have lots of Oil, but unexploited and we import 100% of refined petroleum. even though we produce crude Oil, we also consume more than we produce.

We can't sleep, walk , play on soil that has Oil, then spend money import it. we will use it to keep the money in the country.

SONANGOL is has already opened gas stations in Kinshasa by the way. Angola-DRC's SONANGOL-COHYDRO supposed to have a joint exploration by the way.


But i agree with what you say , Oil mess up the environment so bad and Congo has Oil up there in the Jungles and the government is planning a a multi-billion superpipeline if the Brazilians start drilling there and they already open up the blocks in that very sensitive Area.

I would just like that we drill where we currently drill on and offshore in the Atlantic Ocean. and in North East and thats it.

Oil make so much money and very fast. nothing makes more money and faster than Oil. Thats why we want now to produce more Oil.

Angola, Congo-Brazza, Sudan, Nigeria all you guys have are having these high speed growths . You have lots of money to spend. we only depend on mining that is very slow and don't make so much money like Oil and Gas.

But i agree with you that we need to industrialize and diversify , that's what is happening. We are building Roads, bridges , Railroad will also be built, the Agriculture is being revived , the Real estate and property , retail, Hotel industries are also starting to boom. There are plans to boost the electricity production to revive the economy for manufacturing investors.

Once we have a large network of paved interstate roads, the economy will grow very fast. it was at 8% in the summer of 2008,(but because of the world financial system , we sunk to 2.5%, now its back to 5% and projected to be more than 7% next year.


Oil is not everything, your right again. But its a Lion's share , if used well, you can do things very fast.

indeed...look what happen to mexico...DRC should focus to take ounce for all thoses invasors that are in the woods...and start agriculture...tourism...like I said if Angola and DRC time-up there would not be any nigeria or SA...with China,Brazil,Portugal and others countries influence we would convince them to improve more in DRC...how come Belgium is not investing in a heavyheight suge as DRC????you have no relation with Belgium?put the past in the past and look at the future...but like I said...you have almost 70 million people...damn is alot...so you have more hardwork...but nothin is impossible...remember even oil make money real fast..but is not everything...look at japan,germany,US,now Brazil and of CURSE CHINA...they keep breathing because of the industries...Brazil as oil and alot of stuff just like a african country but they put industries..and look where they are...DRC need a good partnership...and loyal governers...thing that all africa is struggling except the islands countries...but the future is foward...;):)

Lake Albert Oil: Government to starts Exploitation in 2011 and 2012.

published 18 hours ago, 27 minutes, in Eastern Province, Economics. You can follow any responses to this entry through the RSS 2.0.

The Oil Ministry announced in a letter to the government last May 27. According to this correspondence, the oil production from Lake Albert would have additional resources to support reconstruction. Officials and Caprikat Foxwhelp who will operate the blocks 1 and 2, undertake to establish their base in Ituri in two or three weeks to come.

According to estimates by the Oil Ministry, the probable reserves in these blocks 1 and 2 require more than 300 million dollars of investment, said an expert from the ministry. This states that
6 billion and a half barrels will be used in the Albertine Graben, the barrel is estimated at $ 70. So, $ 420 billion still dormant, "he adds.

Between the idea of having money and feeling it, the gap is large, said the Congolese Minister of Oil, to announce before the contacts between the DRC and South African private investors and the UK.

Moreover, the Congolese do plan to keep only 15% in each production sharing contract. Caprikat Foxwhelp and they have demonstrated ability in this area? To this question, the Minister Celestin Mbuyu believes. Even big oil companies will end up there, "he said.

Italy's Eni to take share in Congo oil block.


Italy's Eni to take share in Congo oil block
By Katrina Manson

KINSHASA, Aug 16 (Reuters) - Democratic Republic of Congo has given Eni (ENI.MI: Quote) permission to take a share in an oil block, according to documents seen by Reuters, in an agreement marking the Italian energy firm's entry into the country.

A slew of deals has raised interest in Congo's oil prospects in recent months. Eni first signalled its interest in the vast country's largely unexplored oil reserves last year.

In a letter dated July 29 and seen by Reuters, UK-based independent Surestream Petroleum is granted permission to farm out 55 percent of its Ndunda oil block in western Congo.

The documents say Eni will finance its share of the costs and must commit to drill one or two exploration wells in the shortest time possible.

"The state renounces the right to pre-emption, and the company Eni will benefit from all the advantages foreseen in the partnership sharing agreement," said the letter from oil minister Celestin Mbuyu to Surestream's Congo office.

State oil firm Cohydro and local firm International Business Oil SPRL (IBOS) retain 8 percent and 7 percent, respectively.

Surestream estimates its costs to date for its three Congo oil blocks, including Ndunda, at $68 million.

"Eni will be the operator of the Ndunda block and pay 55 percent of the back cost and spending going forward," Baudouin Ebeli Popo, general manager of Surestream's local Congo subsidiary, told Reuters in an interview.

Sources familiar with the deal said a senior Eni team is due to visit Congo in mid-September to officially announce the agreement, but a spokesman for Eni refused to comment.

The Ndunda block lies in the country's western Bas-Congo province, which produces the country's only oil so far -- about 25,000 barrels per day, mostly from French independent Perenco's operations.

DATA ON OTHER SITES

But a number of foreign firms, including Eni, Total (TOTF.PA: Quote) and Tullow Oil (TLW.L: Quote) have shown interest in rights to blocks in the east, on the border with Uganda, where production is due to start next year.

"Congo has significant oil potential, but because of insecurity no major has wanted to come here, but now little by little that is changing and we have brought the entry of the first major," said Ebeli Popo, adding the deal would help the companies share the financial and technical risk.

IBOS, Ebeli Popo's family company in which he has a majority share, also has 7 percent of the block.

Authorisation for four state protocols with Eni, requested last August by Eni Africa executive Roberto Casula, has also this month been granted, according to papers seen by Reuters.

Eni had paid $200,000 for access to data on four prospective oil sites nationwide -- the Albertine Graben, Lake Kivu and Lake Tanganyika in the east and Cuvette Centrale in the centre, but the process was held up for a year, according to one ministry official.

A 42 percent stake in Surestream's other two blocks, Yema and Matamba-Makanzi, which is to Ndunda's west, was farmed out to Swiss company Glencore in 2007. The first exploration drilling on these blocks is scheduled to start next month. (Editing by David Lewis and Jane Baird)

INPEX to participate in the Nganzi Block, onshore Western DR Congo
INPEX CORPORATION has been granted approval by the authority of the Government of the Democratic Republic of Congo (DR Congo) to acquire a 20% participating interest of the Nganzi Block with SOCO Exploration & Production DRC (SOCO), a subsidiary of SOCO International plc.


The Nganzi Block is located onshore western part of the DR Congo, which covers an area of 800km2. In the Block, SOCO will continue to operate with a 65% participating interest, while the National Oil Company, La Congolaise des Hydrocarbures holds a 15% participating interest.


Interpretation of the 360 kilometer of the 2D seismic is very encouraging with several large structures identified, three of which will be tested with the initial 2010 drilling programme. The Nganga well, the first well was spudded on 15 July.


In the DR Congo, INPEX has a 32.28% interest in the Offshore DR Congo Block, which has been producing crude oil since 1975. The participation in the Nganzi Block will further expand the INPEX’s exploration and development activities in the DR Congo.

Hm... Interesting. I didn't know that Congo has oil bushes... :) Very useful posts ! Great job !

http://s02.flagcounter.com/count/3Djs/bg=782D7D/txt=F1B8FF/border=CC62CC/columns=1/maxflags=1/viewers=3/labels=1/pageviews=1/ http://2.s03.flagcounter.com/count/0NBu/bg=FFFFFF/txt=000000/border=CCCCCC/columns=1/maxflags=1/viewers=3/labels=1/ http://2.s05.flagcounter.com/count/MECnk/bg=FFFFFF/txt=000000/border=CCCCCC/columns=1/maxflags=1/viewers=3/labels=0/ http://2.s02.flagcounter.com/count/3Djs/bg=A87DFF/txt=000000/border=CC62CC/columns=1/maxflags=1/viewers=3/labels=1/pageviews=0/

INPEX to participate in the Nganzi Block, onshore Western DR Congo

I hope nothing is found there (due to this government).

Matadi: oil company Surestream DRC-exploit oil in 2012. Kinshasa, 14/04/2011 / Politics



Surestream-RDC has invested about 68 million USD for this exploratory work. The head of the company welcomes the results obtained during these five years.

The company Surestream-DRC starts oil production next year in the territory of Moanda in Bas-Congo. This was stated, Tuesday, April 12, its chief executive, Baudouin Ibl Popo.

The company totaled five years of existence in the DRC February 2, 2011.
According to its director general, the oil company has made such exploration drilling during this period.

The head of the company welcomes the results obtained during these five years.

He said the exploration of three oil blocks which ends in less than five months gave positive results, indicating that "by next year we can make drilling operations."

To complete its first five years of exploration, says Baldwin Ibl Popo, the company has requested and obtained from the Congolese state an extension until August 2.

The Director General of DRC-Surestream felt it was not until 2012 to know the number of barrels that his company could produce the same year. "The elements are currently being worked in laboratories in Egypt," he said.
Surestream-RDC has invested about 68 million USD for this exploratory work.

Raiookapi.net

Congo’s Government in Talks With Chevron, Petrobras on Oil, Gas Investment



The Democratic Republic of Congo is in talks with Petroleo Brasileiro SA (PETR4) and Chevron Corp. (CVX) about investing in the country’s budding hydrocarbons industry, Oil Minister Celestin Mbuyu said.

The Central African nation wants to improve its oil and gas output and infrastructure and is allocating blocks to companies for exploration. San Ramon, California-based Chevron and Congo are discussing gas production and treatment plans that may feed into the company’s projects in neighboring Angola. Cohydro, Congo’s state-owned oil producer, is seeking a cooperation deal with Petrobras after signing a similar agreement on July 7 with Korea National Oil Corp.
Petrobras officials will visit Congo in the coming weeks “and then we’ll put together a proposal that I will present to the government,” Mbuyu said in an interview in Kinshasa, the capital, on July 15. A deal will likely include training and transfer of expertise between the Rio de Janeiro-based company and Cohydro, he said.

Congo currently produces about 25,000 barrels of oil per day and plans to increase output through drilling near its eastern borders with Tanzania, Burundi, Rwanda and Uganda, as well as in its central basin and along the western coast bordering Angola. The country is courting investment for exploration, pipelines, distribution and storage, and data gathering to help develop the industry, Mbuyu said.

Tropical Forest
The minister led a delegation of Congolese officials to Brazil last month, where Petrobras shared its experience with oil and gas operations “in tropical forest and coastal areas,” the company’s press management office said yesterday in an e- mailed response to questions. Congo is home to the world’s second-largest tropical forest, after Brazil’s, some of which has been divided up into oil blocks.

Petrobras declined to comment on any ongoing discussions with Congo.

Chevron, the second-largest U.S. energy company, signed an agreement with Congo in November that will allow the company to ship gas from Angola’s enclave of Cabinda to a new $9 billion liquid-natural-gas plant in Soyo via a pipeline that cuts through Congo’s narrow strip of Atlantic coastline. The Soyo plant may be used to treat Congolese gas as well, and Chevron has expressed an interest in looking at potential gas deposits in Congo, Mbuyu said. The company already has a 17.7 percent stake in a concession off Congo’s coast that produced about 14,000 barrels of crude per day in 2010, according to Chevron’s annual report.

Gas Flaring
Congo is also burning gas as a by-product of its petroleum production and Chevron has agreed to look into ways of capturing the gas for market, Mbuyu said. Mbuyu met with Chevron officials in May in the U.S., he said.

A spokesman for Chevron said in an e-mail today that the company doesn’t comment “on negotiations regarding specific business opportunities.”

Chevron has delayed development of part of an offshore oil block in Angola whose ownership is disputed by Congo, according to the company’s annual report. Congo and Angola are still working on an agreement over their maritime borders, Mbuyu said.
A parliamentary decision on a new hydrocarbons code, which would help regulate the industry, may be delayed by elections scheduled for Nov. 28 of this year, Mbuyu said.

To contact the reporter on this story: Michael J. Kavanagh in Kinshasa at mkavanagh9@bloomberg.net.


....

:eek2: What the heck? You have oil too? 100 Billion barrels?? Not millions?? That's more than the United Arab Emirates! That's worth Trillions of dollars!
If all of Africa became one nation, the resources in Congo alone could fuel the whole country. Why are you not the wealthiest nation on earth???

You just don't become the Riches because of some underground. You got to explore, exploit them first with competent leader.

Otherwise Russia would be the riches nation as well.

You just don't become the Riches because of some underground. You got to explore, exploit them first with competent leader.

Otherwise Russia would be the riches nation as well.

I know. That was a rhetorical comment made with a sense of disappointment about the past and a shared hope for the future.

I'm still blown by the 100 Billion barrels estimate though. Can you double check that? :shifty:

Congo-Kinshasa is one of the richest countries in the planet earth, if venezuela have more oil reserve than Saudi Arabia why not Congo???

I'm still blown by the 100 Billion barrels estimate though. Can you double check that? :shifty:

The just an estimate 100 billion is from Oil Shels. Which is super expensive to transform into Oil. Cheap Tech is not avaiable yet. Thats something we should forget.

But Extreme West of DRC (Between 2 major producing countries ) Congo-Brazza and Angola. work on increasing production is underway as the article says above. and Eastern part of the country blocks being issued, but security still a problem there.

indeed...look what happen to mexico...DRC should focus to take ounce for all thoses invasors that are in the woods...and start agriculture...tourism...like I said if Angola and DRC time-up there would not be any nigeria or SA...with China,Brazil,Portugal and others countries influence we would convince them to improve more in DRC...how come Belgium is not investing in a heavyheight suge as DRC????you have no relation with Belgium?put the past in the past and look at the future...but like I said...you have almost 70 million people...damn is alot...so you have more hardwork...but nothin is impossible...remember even oil make money real fast..but is not everything...look at japan,germany,US,now Brazil and of CURSE CHINA...they keep breathing because of the industries...Brazil as oil and alot of stuff just like a african country but they put industries..and look where they are...DRC need a good partnership...and loyal governers...thing that all africa is struggling except the islands countries...but the future is foward...;):)


What DRC needs is to have an ambitious leader who will Massively invest in Human Resources so that we know how to use these resources on our own. Thats the only way we can profit from what we have.

The first barrel of oil in Ituri projected for 2015.Kinshasa, 01/09/2011 / Economics


Oil of DR Congo plans to begin seismic surveys on Lake Albert at the beginning of September 2011.The Oil of Lake Albert may start in 2015. The announcement was made Aug. 19, 2011 by officials of Oil of DR Congo was in a meeting with representatives of grassroots communities and the press in Ituri. This company under Congolese law, which has been given exploration blocks 1 and 2 of Lake Albert on the Congolese side, plans to begin seismic surveys on Lake Albert at the beginning of September 2011. This, to locate the cups containing the black gold and determine the potential of its reserves in terms of barrel. Ugandan society is TESLA-IMC who won the market for seismic. This work will cost two million 700 thousand dollars for 18 months.

As for drilling, Oil of DR Congo is located in the 18 months after the seismic survey. Oil of DR Congo have welcomed, in record time, delivered what other companies have signed the FPA with the DRC have not been able to do so far. In the space of a year and a half of existence Oil of DR Congo is already at the stage of the seismic survey after completing the collection of geological and seismic data available, the production of a detailed study of interpretation and determination of the potential, the gathering of the magnetometer and gravity data needed to identify seismic grid, the boundary of blocks 1 and 2 in March 2011 by IRAG and environmental impact assessment in March 2011, leaving in 2011 by OEMS.

These steps, according to the men of Oil of DR Congo, are usually between five and six other companies. It ascribe their achievements to the fact that many data have been provided by companies who worked on the Ugandan side of the same lake.

Oil of DR Congo is a company set up by the association Caprikat-Foxwelp in connivance with the Congolese government. The association Caprikat-Foxwelp signed the production sharing contract (PSC) with the DRC May 5, 2010. The contract was approved by the Presidential Decree of June 18, 2010.

Total did not repurchase shares

Many intellectuals consider that the Ituri-Foxwelp Caprikat association is not at all credible because not listed among the world's oil giants. Many fear that the company is an "adventure" awaits him when the time comes to sell its shares to "major". Already, in Bunia, persistent rumors report the purchase of Oil of DR Congo by Total.

Wrong, countered those responsible for Oil of DR Congo. For them, generally, the major fear of taking risks in exploring for oil. This stage, which swallowed up many millions of dollars does not guarantee anything with regard to finding oil. Several companies have sometimes sunk money for oil wells that were closed because of the existence of this black gold. The custom is to share the risk among several companies. As if to say qu'Oil of DR Congo does not exclude the possibility of selling some shares to the other. For now Oil of DR Congo has not sold shares to third parties, have supported its leaders.

In its latest issue, the newspaper Peacemaker understands that the association would Foxwelp Caprikat-trapped by the Kinshasa government. For monthly published in Ituri, Kinshasa is in a dilemma between the proposals made by him and Total funds already paid by Caprikat-Foxwelp. Total would, according to this colleague, the Congolese government already provides $ 80 million to take over the Block 1 Block 1 of Lake Albert's hands-Caprikat Foxwelp. Which is far superior to the 20 million that was paid Caprikat bodies of the DRC. As if to say that in this election period in which power seeks cash, anything can happen.

Social support

Responsible for Oil of DR Congo, their company has gone beyond what is provided in the agreement regarding sharing of social support. 450 000 dollars were invested in the social as the MPC had expected 250,000 dollars a year.

Of that money, five jeeps and 20 motorcycles were delivered to the Police of Bunia. A medical center was rehabilitated in the Kasenyi Irumu. The center is stocked monthly in medicine (500 kgs) and supervised by a doctor hired by OIL of DR Congo. Studies for the rehabilitation of hydroelectric Budan were performed for double its delivery, and more than a million dollars was paid in the "basket found" initiated by the Congolese head of state to work to improve water supply and electricity in the district of Ituri. Feasibility studies for drilling and water Kasenyi have already been completed and work will be undertaken shortly. The project of improving plant uptake of water Saio in Bunia is in progress. This will raise production from 100 to 200 cubic meters. In sport, Oil of DR Congo is committed to sponsoring, for the sports season next three football clubs in Ituri. This is salongo FC, FC CS Gambela and Eldorado.

Blocks 1 and 2 spanning three territories of Ituri (Irumu, Djugu and Mahagi), the audience complained that the first actions of social Oil of DR Congo are concentrated in Irumu . Representatives of grassroots communities have also called for the recruitment of local manpower.

In a region where inter-ethnic war had raged, it is desirable to take actions palpable everywhere in order to avoid biased interpretations in this region where some languages ​​by passing the oil to one of the sources of this conflict.

Joska /

Source: Le Phare