Emerging investments in Congo's oil and gas sector
The Republic of Congo’s Ministry of Hydrocarbons announced that the upcoming 2025 licensing round will focus on onshore blocks in the country’s continental basin. The announcement was made by Bruno Jean-Richard Itoua, Minister of Hydrocarbons of the Republic of Congo, during a ministerial panel discussion at the inaugural Congo Energy & investment Forum in Brazzaville. CNBC Africa’s Kenneth Igbomor caught up with the minister on the side-lines of the Congo Energy & Investment Forum.
Thu, 27 Mar 2025 15:40:40 GMT
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AI Generated Summary
- The focus of the upcoming 2025 licensing round on onshore blocks highlights Congo's immense potential in the oil and gas sector.
- Minister Itoua underscored the critical need for continued investments in the industry amidst global discussions on energy transition.
- Key areas of focus for sector development include deep-water exploration, onshore potential, and the development of marginal fields alongside the vast opportunities in gas exploration and downstream activities.
The Republic of Congo's Ministry of Hydrocarbons recently announced the focus of the upcoming 2025 licensing round on onshore blocks in the country's continental basin. The announcement was made by Bruno Jean-Richard Itoua, Minister of Hydrocarbons, during a ministerial panel discussion at the Congo Energy & Investment Forum in Brazzaville. The event, organized by Energy Capital and Power, aimed to bring together key players in the oil and gas industry from both Africa and beyond, highlighting the immense potential of Congo's energy sector. Minister Itoua emphasized the critical need for continued investments in the oil and gas industry, especially in the face of global discussions around energy transition and the future of fossil fuels. During an exclusive interview with CNBC Africa's Kenneth Igbomor, Minister Itoua shared insights on the key areas of focus for the sector's development. The minister highlighted the importance of deep-water exploration, onshore potential, and marginal fields, all while emphasizing the vast opportunities in gas exploration and downstream activities.
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