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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 Congolese oil sector is dominated by the French parastatal oil company Total, which accounts for 70% of the country's annual oil production. In second position is the Italian oil firm Εni. Chevron, independent CMS Nomeco, and ExxonMobil are among the American companies active in petroleum exploration or production. Following recent ...
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.
Top 5 oil-producing countries 1980–2022 World oil production. This is a list of countries by oil production (i.e., petroleum production), as compiled from the U.S. Energy Information Administration database for calendar year 2023, tabulating all countries on a comparable best-estimate basis.
The mining industry of the Democratic Republic of the Congo (French: Industrie minière de la République Démocratique du Congo) produces copper, diamonds, tantalum, tin, gold, and more than 70% of global cobalt production. [1] Minerals and petroleum are central to the DRC's economy, making up more than 95% of the value of its exports.
Production is expected in 2023. According to a 2011 report the total value of the major mineral reserves in the DRC amounted to a total of over 300 billion US dollars at the time. [40] Smuggling of the conflict minerals, coltan and cassiterite (ores of tantalum and tin, respectively), has helped fuel the war in the Eastern Congo. [41]
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 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.