Russian oil companies Lukoil Up Stream and Italian Eni are planning to execute a new oil exploration project in the Republic of Congo shortly. The project was at the center of discussions, on October 7 in Brazzaville, between the Minister of Finance Calixte Nganongo, the Minister for the Budget, Ludovic Ngatsé, and the vice-president of this Russian company for the America and West Africa zone. and Europe, Ivan V. Romanovsky.
“As you know, the Lukoil Up Stream Congo company operates jointly with the ENI-Congo company on the Marine XII field (Nene Banga / Litchenjili). Today we discussed our next investments, “said Ivan V. Romanovsky
“The project that we plan to set up with Eni is about exploration. We reassured members of the government that our company will be a reliable partner for the Congo. Regarding gas, we are in the process of developing the strategy that we will present later to the Congolese authorities, ”he continued.
Received in audience by the Congolese Head of State, on October 1 in Brazzaville, the general manager of natural resources of the Eni-Congo group, Alessandro Puliti, had ensured the continuity of his company’s activities in Congo, including supply in electrical energy via the Congo Power Plant (CEC).
Questions related to the overall economic situation of the Congo, especially in the oil sector, were also addressed before taking stock of the group’s activities in the country, with regard to future oil research activities, the development of projects. gas and sustainable development.
On the sidelines of the meeting with the President of the Republic, the Minister of Hydrocarbons, Jean-Marc Thystère Tchicaya, approached by the press, declared: “We have a terminal in Djeno whose concession expires on November 18. This terminal has now been operated, operated by a consortium, headed by Total E&P Congo. From next month, it will belong 100% to the Republic of Congo ”
As a reminder, the company Lukoil Up Stream Congol is considered to be the largest oil and gas production company in Russia. Its creation dates back to 1991. Lukoil created its subsidiary under Congolese law in 2019.