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The Congo is the sixth largest oil producer in sub-Saharan Africa. [3] As of 2021, the Congo has 1,811 million barrels of proven crude oil reserves. Their crude oil production is measured at 267 thousand barrels per day. [2] The accompanying downstream oil industry is an important element in the country's economy.
The economy of the Republic of the Congo is a mixture of subsistence hunting and agriculture, an industrial sector based largely on petroleum extraction and support services. Government spending [15] is characterized by budget problems and overstaffing. Petroleum has supplanted forestry as the mainstay of the economy, providing a major share of ...
The Democratic Republic of the Congo has reserves of petroleum, natural gas, coal, and a potential hydroelectric power generating capacity of around 100,000 MW. The Inga Dam on the Congo River has the potential capacity to generate 40,000 to 45,000 MW of electric power, sufficient to supply the electricity needs of the whole Southern Africa region.
All values, unless otherwise stated, are in US dollars. The economy of the Democratic Republic of the Congo has declined drastically around the 1980s, [15] despite being home to vast potential in natural resources and mineral wealth; their gross domestic product is $69.474 billion as of 2023. During the last five reported years the exports of ...
The Ministry of Hydrocarbons (MoH) is a ministry of the Government of the Democratic Republic of the Congo. It is responsible for the exploration, production, refining, distribution, marketing, import, export, and conservation of petroleum, natural gas, petroleum products, and liquefied natural gas in the Democratic Republic of Congo.
Société nationale des pétroles du Congo (the National Petroleum Company of the Congo, SNPC) is a national oil company of the Republic of the Congo. The company was established in 1998 after the dissolution of the public company Hydro-Congo. [1] The company manages government-owned shares of production from oil fields in the country. [2]
The Congo is the fifth largest oil producer in sub-Saharan Africa. According to the 2012 BP Statistical Energy Survey, Congo had proved oil reserves of 1.94 billion barrels at the end of 2011, equivalent to 17.9 years of current production and 0.11% of the world's reserves.
Perenco is an independent Anglo-French oil and gas company with a headquarters in London and Paris. [2] It conducts exploration and production activities in 16 countries around the globe (the North Sea, Cameroon, Gabon, Republic of Congo, Democratic Republic of Congo, Guatemala, Ecuador, Colombia, Peru, Venezuela, Brazil, Belize, Tunisia, Egypt, Turkey, Vietnam, Trinidad and Tobago).