Congo seeks investment in its oil basin
By the AFREEQUE newsroom, based on Aci
Congolese Hydrocarbons Minister Stev Simplice Onanga called for greater investment in the oil basin and the modernisation of national infrastructure. Brent reached 132 dollars a barrel, while more than 80% of the Congo’s quarterly cargoes were sold in Asia at an average of 91.510 dollars, according to ACI.
Congolese Minister of Hydrocarbons Stev Simplice Onanga called on experts to increase investment in the Congo’s oil basin, modernise infrastructure and create more added value in the national industry. He was speaking on 9 October in Brazzaville, at the close of the meeting of the Hydrocarbons Price Committee for the third quarter of 2026, according to the Congolese News Agency (ACI).
Stev Simplice Onanga wants to turn the Congo’s oil and gas potential into an engine of economic development, while maintaining a balance between the interests of the state and those of investors. The Hydrocarbons Price Committee held its meeting from 7 to 9 October, amid oil prices considered favourable by the government.
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Summary produced with the help of artificial intelligence tools, under AFREEQUE’s editorial responsibility.
