DRC pulls out of JDZ deal

Issue 320 - 24 Mar 2016 | 3 minute read

Democratic Republic of Congo’s new hydrocarbons minister has rejected an agreement on the offshore Joint Development Zone (JDZ) with Angola and demanded compensation after an Angolan presidential decree in December transferred two fields out of the joint zone into Chevron’s Block 14. On 16 February, André Ngoi Mukena Lusa Diese sent a letter to his Angolan counterpart, José Maria Botelho de Vasconcelos, rejecting the two countries’ 30 July 2007 agreement for the exploration and production of hydrocarbons in the JDZ, a 10km-wide corridor across Angolan offshore blocks 1, 14, 15 and 31 (AE 264/17).

Tagged with:

Pin DR Congo, Angola

Want to read more?

Subscribe to African Energy

View subscription options

Don't have an account?

Register for access to our free content

An account also allows you to view selected free articles, set up news alerts, search our African Energy Live Data power projects database and view project locations on our interactive map