Country And Congo to Explore Oil in Common Areas

30 June 2011

Soyo — The Minister of Petroleum, Botelho de Vasconcelos, said on Wednesday in Soyo district in the northern Zaire province that Angola and Congo Brazzaville will jointly explore oil in common interest areas by 2013.

Botelho de Vasconcelos, who is leading a technical commission of his ministry, said to the local press that he will discuss with the Hydrocarbon Minister of Congo Brazzaville other details related to the materialisation of the process.

“We have been holding semester meetings, whose results will surely be visible as from 2013. We will jointly be producing oil in common interest areas”, said the minister.

The official also said that negotiations are dated for a year due to the oil potential in some common interest zones between Angola and Congo Brazzaville.

According to him, the meeting with his Congolese counterpart is also aimed at analysing the works development underway and approving the budget of the project economic investments.

The minister said that the two ministries expect to sign accords in the supervision and commercial fields, by considering them as important tools for the intended co-operation between both countries.

The Hydrocarbon Minister of Congo Brazzaville is expected to arrive on Thursday in Soyo city with a technical commission, too.

During their two-day stay in Soyo district, both ministers will also visit Angola LNG project, which is in its production and testing phase, as well as they will visit Kwanda base that support oil production operations in the Angolan on-shore and off-shore.

AllAfrica – All the Time