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Card image 06 March 2024 African mining news

DRC seeks to unlock estimated 5 billion barrels of oil

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 gross domestic product growth. As the country intensifies upstream activities, the Invest in African Energy (IAE) 2024 forum, slated for 13 & 14 May in Paris, will spotlight lucrative investment opportunities spanning the DRC’s oil & gas value chain.

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A project of Phuhlisani NPC supported by Absa. This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike. International License.