Congo – China: Us$23 Billion Deal to Double Oil Production and Diversify Energy Mix

Ocean's News

Factuality

Ownership

The Republic of Congo is strengthening its national energy strategy through a partnership with the Chinese Wing Wah group. A historic $23 billion agreement has been signed to develop the oil and gas blocks of Banga Kayo, Holmoni and Cayo. The Congolese government has signed a $23 billion agreement with the Chinese Wing Wah group to operate and develop the oil and gas blocks of Banga Kayo, Holmoni and Cayo. The goal is to double national producti…

Financial Afrik

Factuality

Ownership

Double Congolese oil production, increasing it from 100,000 to 200,000 barrels per day by 2030, while diversifying the energy mix: this is the goal at the heart of the partnership of 23 billion USD (nearly 13,000 billion CFAF) signed on September 02, 2025 in Brazzaville between the Republic of Congo and the...