RELATIONSHIP BETWEEN CONGO, US AND CANADA EXTENDS
The production sharing contract would be signed in the next 2 weeks and production could begin by next year.
The Democratic Republic of Congo has extended its relationship with the United States and Canada by awarding both countries licenses to three natural gas blocks in Lake Kivu on its eastern border.
The DRC auctioned some of its gas blocks as part of a licensing round that included 27 onshore oil blocks and some of these oil blocks are situated in Congo’s rainforest and peatlands, which inevitably raises some environmental concerns. The Hydrocarbons Ministry of the DRC noted that RED, the local subsidiary of US-based international power developer, Symbion Power, had been allocated the Makelele oil block, while the Idjwi block was awarded to another US-based energy company Winds Exploration and Production LLC, and finally, Canada-based Alfajiri Energy, won the Lwandjofu block.
The production is to start next year
