DEMOCRATIC REPUBLIC OF THE CONGO MOVES ON OIL AND GAS DEVELOPMENT
April 1st, 2010
BY GEORGE STONE
THE DEMOCRATIC Republic of Congo (DRC) is moving towards giving permission to a consortium led by Irish independent Tullow Oil to develop oil and gas production on its side of Lake Albert, government officials have signalled. Kinshasa, DRC's capital city, is currently a minnow in Africa's oil producer's league, pumping just 25,000 barrels per day (bpd) while the continent's leading exporters Nigeria and Angola are hitting the 2 million bpd mark. But DRC President, Joseph Kabila should soon have a new petroleum law in place which will grant Tullow ...
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