Democratic Republic of the Congo (DRC) Seeks to Unlock Estimated 5 Billion Barrels of Oil [Video]

With 180 million barrels of proven oil reserves – and up to 5 billion of estimated oil reserves – the Democratic Republic of the Congo (DRC) is embarking on an extensive exploration campaign to harness its resources for enhanced energy security and GDP growth. As the country intensifies upstream activities, the Invest in African Energy (IAE) (https://Invest-Africa-Energy.com) 2024 forum, slated for 13 – 14 May in Paris, will spotlight lucrative investment opportunities spanning the DRC’s oil and gas value chain.

Featuring Africa’s key policymakers and industry leaders – including the confirmed participation of Didier Budimbu Ntubuanga, Congolese Minister of Hydrocarbons – the IAE forum will connect energy and infrastructure projects with global investors, aimed at advancing oil and gas exploration, transport, processing and distribution in the DRC and East African region. The country currently produces 25,000 barrels of oil per day from its Coast Basin, in partnership with independent …