DRC: A major oil discovery and investment prospects
On Wednesday, May 22, the oil company Perenco made a significant announcement: the discovery of a new oil field off the Congolese coast, in the country’s coastal basin.
This discovery is unprecedented in the DRC for the past thirty years, marking a significant turning point for the country’s energy sector.
This new find, named Moke-East, is seen as a major advancement in the DRC’s efforts to capitalize on its natural resources. Congolese authorities expressed satisfaction with this announcement, highlighting that this development could attract more foreign investments and boost the national economy.
However, the discovery of Moke-East could also serve as a catalyst for positive change by encouraging investments in the necessary infrastructure for sustainable and efficient resource exploitation.
Establishing adequate infrastructure is crucial to ensure that this discovery truly benefits the Congolese people and contributes to the country’s sustainable development.
