DRC: Didier Budimbu seeks the experience of Equatorial Guinea to boost the country’s oil and gas production

With a view to making the Democratic Republic of Congo (DRC) a major economic reference in Africa thanks in particular to its oil and gas potential, the Congolese Minister of Hydrocarbons, Didier Budimbu, discussed with his counterpart Gabriel Obiang Nguema Lima on the Equatorial Guinea’s experience in oil and gas production.

This member of the Sama Lukonde Government continues to make considerable efforts to put in place adequate strategies with the aim of attracting more investors who will allow the DRC to occupy a place of choice among the producing countries of the black gold and gas in Africa.

To this end, before officially launching the calls for tenders for oil and gas blocks, Didier Budimbu wanted to discuss with some of his African counterparts who have managed to make a giant leap in the field thanks to an increased production of their oil resources and are now better positioned.

This is the reason for his visit to Equatorial Guinea known for its exploits in oil production.

Didier Budimbu spoke with his Equatoguinean counterpart Gabriel Obiang Nguema Lima to discuss the issue in order to boost production in the Democratic Republic of Congo (DRC).

Through these exchanges, the Congolese Minister of Hydrocarbons, Didier Budimbu, expressed the wish that the Democratic Republic of Congo leave the phase of its current production which represents only 4.5% of its oil reserve.

After a working session with the Equatoguinean oil and gas boss, Didier Budimbu visited some oil installations in this country.

Accompanied by certain Congolese economic operators and his experts, Didier Budimbu wants to understand the policy implemented by certain African countries ranked in the top 10 oil-producing countries in Africa in order to bring the same experience to the Democratic Republic of Congo in its quest for development.

The Equatoguinean Minister Gabriel Obiang Nguema Lima presented his Congolese counterpart with a book that presents the energy prowess and performance of Equatorial Guinea.

It is important to remember that the country of Obiang Nguema, with oil as its only basic wealth, is indeed present in the top 10 crude producing countries with a daily production of around 206,000 barrels/day, occupying the 7th position in Africa. .

Equatorial Guinea is also one of the member countries of OPEC (Organization of Petroleum Exporting Countries) which today brings together 13 countries, namely: Algeria, Angola, Saudi Arabia, Congo, Gabon, Equatorial Guinea, Iran, Iraq, Kuwait, Libya, Nigeria, United Arab Emirates and Venezuela.

The main objective for the Congolese authorities is for the DRC, which is only at 25,000 barrels/day, to double its current production with regard to its potential.

According to the communication service of the Ministry of Hydrocarbons, Didier Budimbu also gave some gifts to his host, a question of consolidating cooperation between the two African countries.