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DR Congo Invites Russian Companies to Develop Gas & Oil Fields

By Maria Konokhova – Samizdat – 15.12.2022

Energy is one of the main areas of cooperation between Russia and African countries with a great potential for growth. The head of the African Energy Chamber, Nj Ayuk, recently told Sputnik that Russia could play a leading role in implementing energy projects on the continent.

The Democratic Republic of Congo (DRC) welcomes the possible participation of Russian companies in the development of gas and oil fields in the country, said Joseph Kindundu Mukombo, adviser for economic affairs and communications at the DRC Embassy in Russia.

“The DRC has huge gas and oil reserves, but they are still poorly developed. In July this year, the government announced a tender for the development of 24 oil fields. We hope that Russian companies will participate in the tender. We know that Russia has great expertise and technology in this area,” he stated, speaking at the plenary session of the 20th international forum “Gas of Russia 2022: Turn to the East.”

According to him, Kinshasa hopes cooperation with Russia will eventually lead to the DRC exporting its gas and oil to other countries. However, he underlined that this requires infrastructure development, with which Russia could also help by providing investments and technical assistance.

“As for gas, we have great potential, but it must be developed first. We would like Russia to help us for the benefit of both sides. There is a large territory in the center of the country that needs to be explored, and the DRC is open to cooperation with Russian companies,” the adviser said.

Mukombo explained that the DRC wants experts in the oil and gas sectors who have expertise in transporting energy carriers, to provide assistance, as the country has “limited access” to the sea, while gas fields are located in the center of the continent.

He added that apart from the gas transportation infrastructure, the Central African country also needs gas storage facilities.

“We know that Russia is a powerful country that is competent in building gas pipelines and storage facilities. Our cooperation will allow us [the DRC] to produce, transport, store and export energy resources,” concluded the diplomat.

Earlier, Oleg Ozerov, ambassador at large of the Russian Ministry of Foreign Affairs, stated that energy security will be raised at the second Russia-Africa summit scheduled for July 2023. According to him, the summit is expected to give a new impetus to Russian-African cooperation in areas of mutual interest, including energy, science, investment and trade.

December 15, 2022 - Posted by | Economics | , ,

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