Ver Angola

Energy

Angola and DRC set up committee for common oil exploration zone

Angola and the Democratic Republic of Congo (DRCongo) will have a joint technical committee for the common area of oil exploration, announced this Thursday the Angolan Minister of Mineral Resources, Oil and Gas, Diamantino Pedro Azevedo.

:

According to the governor, this was one of the conclusions of the meeting with his DRC counterpart, Rubens Mikindo, who analyzed this Thursday in Luanda the situation of the area of common interest in the oil field.

"We concluded, among other things, the need to establish a joint technical committee, this in relation to the common exploration area, and we guided our two state companies Sonangol and Sonahydro of DRCongo to reestablish talks in the marketing of oil and gas derivatives," said after the meeting Diamantino Pedro Azevedo.

The Luanda meeting analyzed the oil situation and potential of the area of common interest, protocols and contracts signed between the two states and the marketing of oil derivatives.

The minister reported that the meeting followed a work that has been taking place between the two countries, recalling that he has also travelled to DRCongo for this purpose.

"Since then, we have been working in this direction and recently the President of the DRC was in Angola and our two ministries were then guided by their respective Presidents to continue the negotiations," he stressed.

Angola and the DRC share an extensive land, sea and river border and in recent years "fuel smuggling is growing" in the common area, constantly denounced by the authorities.

Asked if this Thursday's meeting will stop fuel smuggling at the level of the common border, Diamantino Pedro Azevedo said that this Thursday's talks are part of a whole process that is underway to make this happen.

"In such a way that I consider it a fundamental part in this process of solving this situation", he noted.

For his part, the Minister of Hydrocarbons of the DRCongo, Rubens Mikindo, valued the meeting, stating that the talks in Luanda are a sequence of discussions that began previously in search of convergent points.

"This meeting serves as a continuation so that we can bring our two states together, we address issues that have to do with evaluation, that is, what has already been done, what is being done and what will be done," he said in statements to journalists.

"We have also made a question of the commercialization of petroleum derivative products between our two national companies which are Sonahydro and Sonangol in order to put an end to smuggling", he pointed out.

The Congolese minister also pointed out the importance of the joint technical committee for the common zone, hoping that it will draw up a roadmap around the oil exploration process in the common zone.

"In this area of common interest is what brings us together so that our two states can resolve this issue, once and for all, so that we can work for the future of future generations," he concluded.

For Angola, the presidents of the administration of Sonangol, the National Oil and Gas Agency and the Director General of the Petroleum Derivatives Regulatory Institute participated in the meeting.