Oil companies should therefore be able to draw inspiration from the dynamics of the world market and the government’s vision focused on fairly flexible management of Congolese crude prices. The barrel of Brent is currently traded at $77 on the world market, while Congo’s benchmark crudes sold in the second quarter at more than $80, compared to $44.9 for Nkossa Butane and $31.5 for Nkossa Propane. .
During the three days of discussions, in which representatives of the Ministry of Hydrocarbons and leaders of oil companies take part, participants will attempt to define a better framework for the future of the national market through “balanced” solutions taking into account the economic realities and the government’s road map. “ We hope that these decisions will provide our businesses with the stability necessary to continue to prosper and contribute positively to Congolese society. », Wished Meddy Lipika-Edre, the general director of Petrocongo, the company organizing this oil prices meeting.
In a context of socio-economic fragility against a backdrop of scarcity of public resources, the meeting of oil companies should lead to a better price for these reference crudes. “ During this quarter, the oil markets experienced notable developments, influenced by various economic, geopolitical and environmental factors. The current context invites us to rethink our strategies and adopt a concerted approach to ensure market stability and balance », Launched the chief of staff of the Minister of Hydrocarbons, Professor Macaire Batchi.
The supervision relies on public-private partnerships for the valorization of still unexploited resources, according to Professor Macaire Batchi. The authorities intend to anticipate the effects of the energy transition on the national economy, by diversifying resources and preparing local industry to face the challenges posed by the rise of renewable energies and new technologies. These initiatives create local jobs, promote technology transfer and ensure more efficient exploitation of gas resources.
Note that recently the country signed a memorandum of understanding with the company Lukoil in order to strengthen the strategic partnership for the development of oil assets. Another gas project was signed with the Wing Wah company; the objective of this being to put on the market several products such as liquefied natural gas, liquefied petroleum gas, dry gas and polypropylene.
