The Republic of Congo will formally launch its licensing spherical for open oil and fuel blocks on the upcoming Congo Vitality and Funding Discussion board (CEIF), scheduled to happen on March 25-26 in Brazzaville. In accordance with Minister of Hydrocarbons Bruno Jean-Richard Itoua, preparations are at present underway to finalize the requisite regulatory framework.
This transfer aligns with the federal government’s broader efforts to boost hydrocarbon manufacturing and income diversification amid fluctuating international oil costs. Regardless of worldwide market volatility, the federal government stays centered on advancing main initiatives like Congo LNG on the Marine XII allow and the Banko Kayo fuel monetization program.
The inaugural Congo Vitality and Funding Discussion board, set for March 25-26, 2025 in Brazzaville, will deliver collectively worldwide buyers and native stakeholders to discover nationwide and regional power and infrastructure alternatives. The occasion will discover the newest gas-to-power initiatives and supply updates on ongoing expansions throughout the nation.