15th Africa OilGASMINE Trade and Finance UNCTAD 2012
02-06 April 2012. Organizzed by Cubic Globe LtdLocation: Congo Brazzaville
Date: 4/2/2012
Organizer: Cubic Globe Ltd
Tel: 0044 0 208 605 0509
Fax: 0044 0 208 605 0512
Tel: 0044 0 208 605 0509
Fax: 0044 0 208 605 0512
Congo (Brazzaville) is richly endowed with natural resources such as oil, natural forests, arable land, important biodiversity, and minerals. It is bordered by the Democratic Republic of Congo (DRC), Gabon, the Central African Republic, Cameroon, and Angola. Brazzaville, the capital, is on the opposite bank of the Congo River from Kinshasa, the capital of DRC – they are the world’s two closest capital cities. It is therefore strategically located in Central Africa with a deep-sea port at Pointe-Noire, centre of the country’s offshore oil industry that can serve as a gateway to the sub-region. Pointe Noire, is also the country’s second largest city and main commercial centre which is linked to Brazzaville by road and a 330 mile railway.
The economy of the Republic of the Congo is based mainly on the production of hydrocarbons (crude petroleum and natural gas). The petroleum sector output is estimated to account for approximately 92% of the country’s exports, about 82% of Government revenues, and about 62% of the country’s gross domestic product. Petroleum products also accounted for about 32% of total imports. Congo is ranked eighth among African crude oil producers. The petroleum sector is regulated by the Code des Hydrocarbures(law No. 24-1994) and the Mining is regulated by the Code Minier (law No. 4-2005).
Hydrocarbons sector
The petroleum sector is expected to remain the cornerstone of the country’s economy. Initial production the offshore Moho-Bilondo Field is expected to account for nearly 30% of the country’s crude oil output.
Most of the country’s hydrocarbons are produced from offshore fields. Most of the natural gas produced in Congo that is associated with crude oil is flared because of the lack of gas-gathering infrastructure. Some of the natural gas produced, however, is diverted to be used as fuel at the Djeno power station, which is located south of Pointe Noire; some is reinjected to maintain oilfield reservoir pressure; and some is stripped of liquids (butane and propane) on the Nkossa platform for household usage.
Mineral sector
The mineral sector is regulated by the Ministry of Mining, Mining Industries and Geology. Most mining activity is currently artisanal.
In addition to exploration activity in the petroleum sector, prospecting and reconnaissance-stage exploration continued for diamond and gold. The redevelopment of coastal potash and salt deposits is expected to result in the resumption of potash production in 2011. Other minerals produced in Congo include cement, clays, gold, lime, magnesium, potash, sand and gravel, and stone are produced in Congo.
Structure of the Hydrocarbon Sector
The Ministère des Hydrocarbures regulates the hydrocarbon sector. State-owned Société Nationale des Pétroles du Congo (SNPC) manages the Government’s interest in petroleum and natural gas. Subsidiaries of SNPC includes Congolaise de Raffinage (CORAF), which operates the country’s sole petroleum refinery, and Société Nationale de Recherche et d’Exploration Pétrolière, which is SNPC’s operations (exploration and production) company.
“Creation and retention of value in the extractive industries” is the central theme of this forthcoming annual 15th UNCTAD Conference and Exhibition in Brazzaville, Congo.
High level decision makers and experts from African National Oil, Mining Companies, International companies, the Private sector as well as traditional and new generation of investors will exchange views and explore innovative ideas that could foster extractive industries' contribution to the overall development of Africa.
This annual conference and exhibition is jointly organized by the United Nations Conference on Trade and Development (UNCTAD) and the Government of Congo, in cooperation with Cubic Globe Ltd, from 7-11 November 2011 in Brazzaville, Congo.
This well-established event follows former editions held since 1996 in Zimbabwe, Côte d'Ivoire, Namibia, Ghana, Cameroon, Angola, Morocco, Mozambique, Algeria, Kenya, Equatorial Guinea, Mali and S?o Tomé and Pr?ncipe.
For further information please contact
Colins Tchanga
Tel: 0044 20 8605 0509
Email: info@cubicglobe.com
The economy of the Republic of the Congo is based mainly on the production of hydrocarbons (crude petroleum and natural gas). The petroleum sector output is estimated to account for approximately 92% of the country’s exports, about 82% of Government revenues, and about 62% of the country’s gross domestic product. Petroleum products also accounted for about 32% of total imports. Congo is ranked eighth among African crude oil producers. The petroleum sector is regulated by the Code des Hydrocarbures(law No. 24-1994) and the Mining is regulated by the Code Minier (law No. 4-2005).
Hydrocarbons sector
The petroleum sector is expected to remain the cornerstone of the country’s economy. Initial production the offshore Moho-Bilondo Field is expected to account for nearly 30% of the country’s crude oil output.
Most of the country’s hydrocarbons are produced from offshore fields. Most of the natural gas produced in Congo that is associated with crude oil is flared because of the lack of gas-gathering infrastructure. Some of the natural gas produced, however, is diverted to be used as fuel at the Djeno power station, which is located south of Pointe Noire; some is reinjected to maintain oilfield reservoir pressure; and some is stripped of liquids (butane and propane) on the Nkossa platform for household usage.
Mineral sector
The mineral sector is regulated by the Ministry of Mining, Mining Industries and Geology. Most mining activity is currently artisanal.
In addition to exploration activity in the petroleum sector, prospecting and reconnaissance-stage exploration continued for diamond and gold. The redevelopment of coastal potash and salt deposits is expected to result in the resumption of potash production in 2011. Other minerals produced in Congo include cement, clays, gold, lime, magnesium, potash, sand and gravel, and stone are produced in Congo.
Structure of the Hydrocarbon Sector
The Ministère des Hydrocarbures regulates the hydrocarbon sector. State-owned Société Nationale des Pétroles du Congo (SNPC) manages the Government’s interest in petroleum and natural gas. Subsidiaries of SNPC includes Congolaise de Raffinage (CORAF), which operates the country’s sole petroleum refinery, and Société Nationale de Recherche et d’Exploration Pétrolière, which is SNPC’s operations (exploration and production) company.
“Creation and retention of value in the extractive industries” is the central theme of this forthcoming annual 15th UNCTAD Conference and Exhibition in Brazzaville, Congo.
High level decision makers and experts from African National Oil, Mining Companies, International companies, the Private sector as well as traditional and new generation of investors will exchange views and explore innovative ideas that could foster extractive industries' contribution to the overall development of Africa.
This annual conference and exhibition is jointly organized by the United Nations Conference on Trade and Development (UNCTAD) and the Government of Congo, in cooperation with Cubic Globe Ltd, from 7-11 November 2011 in Brazzaville, Congo.
This well-established event follows former editions held since 1996 in Zimbabwe, Côte d'Ivoire, Namibia, Ghana, Cameroon, Angola, Morocco, Mozambique, Algeria, Kenya, Equatorial Guinea, Mali and S?o Tomé and Pr?ncipe.
For further information please contact
Colins Tchanga
Tel: 0044 20 8605 0509
Email: info@cubicglobe.com
Energy Commodities: Oil
