2024 hot selling oil expeller for crops in Congo

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Congo cancels an auction for 27 sites earmarked for oil

  • 2024 hot selling oil expeller for crops in Congo
  • 2024 hot selling oil expeller for crops in Congo
  • 2024 hot selling oil expeller for crops in Congo
  • 2024 hot selling oil expeller for crops in Congo

Republic of the Congo: 2024 Economic Overview

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TotalEnergies to Strengthen Exploration & Production (E&P)

  • Why is Congo letting energy firms bid for oil & gas?
  • The Congolese government is letting energy firms bid for access to its vast oil and gas reserves, raising concerns about the potential climate consequences. The Democratic Republic of Congo (DRC) is auctioning the licensing rights for dozens of oil and gas blocks, opening up parts of the world’s second-largest rain forest to exploitation.
  • How much copper does the Congo export in 2021?
  • In 2021 alone, the Republic of the Congo exported almost USD3.2 billion worth of refined copper, according to the Observatory of Economic Complexity (OEC). Diamonds and precious metals are yet another natural capital in high demand, though no reliable statistics are available on the market.
  • Why has Congo canceled an oil auction?
  • The government of Congo has canceled an auction for 27 sites earmarked for oil exploration, citing late submissions and a lack of competition.
  • How many barrels of oil are canceled in Congo?
  • The 27 oil blocks canceled auction hold an estimated 22 billion barrels. Congo, a mineral-rich nation in central Africa, is thought to have significant oil reserves but drilling has so far been confined to a small territory on the Atlantic Ocean and offshore. That was expected to change with the auction.

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