Congo Republic to boost oil output to 350,000 bpd in 2018
June 12, 2017 | Budget & Investment, Congo, Government & Regulations
London, UK | – Oil projects in the Congo Republic will boost output by 25 percent to 350,000 barrels per day in 2018 according to a new report by Reuters. As low oil prices hit economies across Africa, Congo Republic is boosting output and attracting major investment that could make it one of the continent’s largest producers by next year. The former French colony, ruled by President Denis Sassou Nguesso for all but five years since 1979, will become the third-largest oil producer in sub-Saharan …