Latest news with #SociétéNationaledesPétrolesduCongo
Zawya
27-03-2025
- Business
- Zawya
Congo Energy & Investment Forum (CEIF): Local Expertise Emerges at the Heart of Congo's Liquefied Natural Gas (LNG) Ambitions
As the Republic of Congo's LNG capacity accelerates following its first export in February 2024, African industry leaders have underscored the role of local and regional capability building in sustaining growth, driving domestic utilization and enhancing intra-African trade. Panelists at the 'Building Local&Regional Capability' discussion at the Congo Energy&Investment Forum on Wednesday emphasized that the strength of Congo's LNG sector depends not just on advanced technology and capital, but on investing in local talent and scalable systems. 'In order for the industry to grow, we have to develop our skillsets. Our people are underutilized and underdeveloped,' said Yolanda Asumu, CEO&Founder of iCUBEFARM, calling for targeted industry training and scalable local content systems that meet the evolving needs of the private sector. 'I encourage organizations like APPO to create a platform that connects member states with statistics on the jobs available and the skills required, which can fuel the education system to know what kind of training is needed.' Addressing the crucial role of local content in maximizing national benefits from LNG projects, Dr. Bi-Dia-Ayo Ibata, Head of Associations Division and Supervisory Relations at Société Nationale des Pétroles du Congo (SNPC), highlighted the importance of aligning industrial growth with community development. She elaborated on how strategic initiatives are designed to enhance domestic capacity and promote technology transfer. 'SNPC has identified sectors for valorization, which is the local gas market for industries, cement plants and so forth, and the secondary market to export. While exports are a main pillar of the Congo LNG project to generate revenues for the government, the ultimate objective is to transfer competencies from IOCs to the local communities.' Emphasizing the potential for regional synergies and capacity building in the gas sector, Oumar Semega, CEO&Founder of Imperatus Energy, detailed how integrating local markets with cross-border cooperation and innovative technology can unlock substantial opportunities in Africa's energy landscape. 'There are possibilities for synergies within the supply chain for Congo, as a gas exporting country, beyond what we can do in the local market… Collaboration and technology – all of this is possible." 'We must have a common vision. Competition is good, but we must share knowledge, support each other and bring our strengths together. If one business succeeds, then that knowledge can be transferred,' echoed Nosayaba Evbuomwan, Executive&Associate Director at Accenture. The inaugural Congo Energy&Investment Forum, taking place March 24-26, 2025, in Brazzaville, under the highest patronage of President Denis Sassou Nguesso and supported by the Ministry of Hydrocarbons and Société Nationale des Pétroles du Congo, brings together international investors and local stakeholders to explore national and regional energy and infrastructure opportunities. Distributed by APO Group on behalf of Energy Capital&Power.
Zawya
26-03-2025
- Business
- Zawya
Congo's Société Nationale des Pétroles du Congo (SNPC) Explores Regional Market Bond for Hydrocarbon Development
The Republic of Congo's national oil company (NOC) Société Nationale des Pétroles du Congo (SNPC) is seeking to raise $300 million through regional markets to finance hydrocarbon development. In December 2024, SNPC launched a public bond offering titled "SNPC 6.5% Net 2024-2029" as part of an innovative financing strategy. The proceeds will support drilling projects in the Nanga, Kouakouala and Le Mayombe oil fields. By tapping into subregional resources, SNPC aims to boost production, increase tax revenues and create employment opportunities within the Republic of Congo. Speaking at the Congo Energy&Investment Forum, SNPC's Director of Finance and Accounting, Vianney Ebenga, underscored the challenges of securing international funding for fossil energy projects, noting that "the paradigm of financial institutions at an international level has shifted to clean energy,' making it increasingly difficult to raise funds for hydrocarbon development. To navigate this shift, Aymor Ebiou, Advisor to the Director General in charge of Finance and Mandate at SNPC, highlighted the NOC's response: "Funding at the international level is scarce; therefore, we have to innovate. SNPC is raising funds through the subregion so that we can develop our permits together." Supporting this approach, Fernand Gaboumba Moukengue, Director General of LCB Capital, the lead arranger for the bond issue, praised SNPC's strategy and emphasized the strength of the domestic market: "We are considering quickly programming the second tranche of the domestic loan. You can safely raise funds through the domestic market. Today, we are more than 20 stock exchange companies to support companies seeking financing." Distributed by APO Group on behalf of Energy Capital&Power. The inaugural Congo Energy&Investment Forum, set for March 24-26, 2025, in Brazzaville, under the highest patronage of President Denis Sassou Nguesso and supported by the Ministry of Hydrocarbons and Société Nationale des Pétroles du Congo, brings together international investors and local stakeholders to explore national and regional energy and infrastructure opportunities.
Zawya
25-03-2025
- Business
- Zawya
Congo Energy & Investment Forum (CEIF) 2025: Congo Offers Attractive Tax Policies for Oil & Gas (O&G) Investors
The Republic of Congo's Ministry of Hydrocarbons has announced it is working to improve the attractiveness of taxation in the hydrocarbons sector to fully realize the potential of the country's hydrocarbons market. Speaking during the Technical Conference at the inaugural Congo Energy&Investment Forum (CEIF) – From Resources to Revenue: Developing the Republic of Congo's Gas Sector – Jean-Jacques Ikama, Director General of Oil Economy, Audit and Trading, Ministry of Hydrocarbons, Congo explored the conditions and mechanisms for companies entering the country's oil and gas sector. 'Oil and gas activities can serve as a basis for the creation and operationalization of a very dynamic local market,' stated Ikama, adding, 'We aim to redefine the hydrocarbons sector in our country and improve the conditions of exploration and production.' In addition to good taxation conditions and guaranteed frameworks, Congo has taken proactive steps to enhance its energy sector's appeal to investors. The government will launch a new licensing round at CEIF, targeting accelerated oil and gas exploration and production activities. Meanwhile, Congo's parastatal Société Nationale des Pétroles du Congo is set to release its Gas Master Plan at CEIF 2025. The plan aims to advance the country's gas monetization agenda by catalyzing new infrastructure development, including gas pipelines, processing facilities and gas-to-power plants. The plan also seeks to reduce energy imports and raise electricity access, which currently stands at 50%. A new Gas Code, expected in 2025, will provide a clear legislative framework for gas monetization, fiscal terms and resource management. The draft was presented to gas companies in late 2023 and is set for final approval in the coming months. Key gas monetization initiatives in the country include energy major Eni's Congo LNG project and Chinese developer Wing Wah's Banga Kayo project. These projects highlight the country's dedication to advancing its energy infrastructure and diversifying revenue streams within the sector. These efforts positions Congo as an increasingly competitive and attractive destination for global energy investments. Distributed by APO Group on behalf of Energy Capital&Power. The inaugural Congo Energy&Investment Forum, taking place March 24-26, 2025, in Brazzaville, under the highest patronage of President Denis Sassou Nguesso and supported by the Ministry of Hydrocarbons and Société Nationale des Pétroles du Congo, brings together international investors and local stakeholders to explore national and regional energy and infrastructure opportunities.
Zawya
25-03-2025
- Business
- Zawya
Société Nationale des Pétroles du Congo (SNPC) Maixent Raoul Ominga to Speak at Invest in African Energy (IAE) 2025
The Invest in African Energy (IAE) Forum in Paris is pleased to announce Maixent Raoul Ominga, Director General of Société Nationale des Pétroles du Congo (SNPC), as a speaker, with SNPC also serving as a Gold Sponsor of the event. Ominga will contribute to discussions on Monetizing Congo's Gas Opportunities, offering insights into the country's substantial natural gas potential and the strategies being implemented to unlock its value. Congo's gas sector is set for expansion, with significant developments aimed at maximizing its full potential. Eni's Congo LNG project stands as a key pillar – eyeing production expansion up to four billion cubic meters per year by 2025 – strengthening the country's position in the global energy market. Wing Wah's Banga Kayo gas monetization project further accelerates this growth by optimizing stranded gas resources and supplying the domestic market with essential refined products. Additionally, the implementation of a new gas code and the development of a comprehensive gas master plan, which SNPC is actively helping to shape, will provide a clear regulatory framework and long-term strategy to attract investment, drive infrastructure development and optimize gas resource utilization. IAE 2025 ( is an exclusive forum designed to facilitate investment between African energy markets and global investors. Taking place May 13-14, 2025 in Paris, the event offers delegates two days of intensive engagement with industry experts, project developers, investors and policymakers. For more information, please visit To sponsor or participate as a delegate, please contact sales@ As Director General of SNPC, Ominga offers deep expertise in Congo's energy sector, with a focus on gas exploration, infrastructure development and international partnerships. The Monetizing Congo's Gas Opportunities session will highlight the country's untapped gas resources, exploring how Congo can leverage its natural assets for economic growth and regional energy security. The forum will also address the critical roles of investment, innovation and collaboration among public and private stakeholders. Congo is currently pursuing a major investment drive to attract global capital to its oil and gas sector. SNPC's participation at IAE 2025, along with its role as a Gold Sponsor, represents a key stop on the country's roadshow to engage European and international investors, highlighting its promising hydrocarbon exploration and gas monetization prospects. With a strategic focus on driving project investments and maximizing investor returns, IAE 2025 offers the ideal platform to foster high-level discussions and connect Congo with potential partners and investors to support the sector's growth and long-term success Distributed by APO Group on behalf of Energy Capital&Power.
Zawya
18-03-2025
- Business
- Zawya
La Société Nationale des Pétroles du Congo (SNPC) Powers Congo's Energy Growth, Set to Take Center Stage at Congo Energy & Investment Forum (CEIF) 2025
Maixent Raoul Ominga, Director General of Société Nationale des Pétroles du Congo, will deliver a keynote address at the inaugural Congo Energy&Investment Forum (CEIF) in Brazzaville this March. Leading the expansion of the Republic of Congo's upstream sector, the national oil company is advancing key onshore assets across the country – including the Nanga I, Kouakouala II, Zingali II and Le Mayombe II fields – aligning with Congo's goal of increasing oil production to 500,000 barrels per day by 2027. Under Ominga's leadership, SNPC is a key supporter of CEIF 2025, with his participation underscoring the NOC's growing influence in Africa's energy sector and strengthening its role in on- and offshore exploration and production. As the company drives strategic investments and partnerships, SNPC continues to play a crucial role in positioning Congo as a competitive player in the regional energy landscape. The inaugural Congo Energy&Investment Forum, set for March 24-26, in Brazzaville, under the patronage of President Denis Sassou Nguesso and supported by the Ministry of Hydrocarbons and Société Nationale des Pétroles du Congo, will bring together international investors and local stakeholders to explore national and regional energy and infrastructure opportunities. The event will explore the latest gas-to-power projects and provide updates on ongoing expansions across the country. Last month, SNPC launched a $158 million bond issuance – the first in its securities issuance program – to bolster drilling activities and expand national oil production. In parallel, SNPC has partnered with the State Oil Company of the Republic of Azerbaijan to modernize the CORAF refinery. This initiative aims to boost refining capacity and product quality while aligning operations with environmental regulations, enhancing Congo's energy security. At CEIF 2025, SNPC is set to unveil its Gas Master Plan, driving gas monetization through new infrastructure, including pipelines, processing facilities and gas-to-power plants. The Republic of Congo will also launch its licensing round for open oil and gas blocks, reinforcing efforts to increase hydrocarbon production and revenue diversification. Ominga's participation at CEIF 2025 is pivotal in attracting investment to Congo's energy sector, with the event serving as a platform for industry leaders, policymakers and investors to explore collaboration and new opportunities in the country's growing oil and gas industry. 'As Director General of SNPC, Ominga's leadership is instrumental in shaping the future of Congo's energy sector. His presence at CEIF 2025 offers a unique opportunity to engage with industry leaders and investors, fostering collaboration and driving sectoral growth,' says Sandra Jeque, Events and Project Director at Energy Capital&Power. Distributed by APO Group on behalf of Energy Capital&Power.
