Congo Oil & Gas Views

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Oil Laps Lake Albert's Western Shore

A company working on blocks 1 and 2 along the western shore of Lake Albert in the Democratic Republic of Congo (DRC) announced the area could hold as much as 2bn barrels of oil. While we agree there...

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Current Account Heading Into The Red

Stagnating oil production and heavy dependence on imports will cause the Republic of the Congo (Congo-Brazzaville) to post a deepening current account deficit over the coming years. BMI predicts that...

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Saudi Pumps Life Into Nacala Refinery

Saudi Arabia's Radyolla Group is showing interest for the long-stalled Nacala oil refinery in Mozambique. The initial project, buried in the ravels of the financial crisis in 2008, is now growing...

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