The Minister of Hydrocarbons of the Republic of Congo, H.E. Bruno Jean Richard Itoua, is to showcase Congo’s auspicious hydrocarbon sector at African Energy Week (AEW), a conference and exhibition.
The event with the theme ‘The African Energy Renaissance: Prioritizing energy poverty, people, the planet, industrialization, and free market.’ is set to take place 16–20 October in Cape Town.
The African Energy Chamber (AEC), the voice of Africa’s energy sector, has announced that H.E. Bruno Jean Richard Itoua, the Minister of Hydrocarbons of the Republic of Congo, will participate at the African Energy Week (AEW) conference and exhibition, the premier event for Africa’s energy sector.
“We are proud to have H.E. Itoua, the Minister of Hydrocarbons of the Republic of the Congo, participate at AEW 2023. Congo’s commitment to driving progress and innovation in the energy sector is evident, and the Minister’s valuable contributions to Africa’s energy transformation are inspiring. With visionary leadership and collaborative efforts, the Congo is shaping a prosperous future for its energy industry while prioritizing sustainable development and regional cooperation. The country’s presence sets a powerful example for other nations to follow,” states NJ Ayuk, Executive Chairman of the AEC.
Situated in Central Africa, Congo is a net producer of crude oil and holds approximately 1, 811 million barrels of proven oil reserves and gas reserves of 284 billion cubic meters, and the country is already making significant strides in maximizing its hydrocarbon resources.
The Minister’s crucial role in promoting Congo’s natural gas industry and attracting foreign investment has positioned the country as a highly attractive LNG play. Through collaborations with companies like Eni, the Italian multinational energy company, the country has successfully developed the Marine XII block, a significant milestone in its gas sector.
The overarching goal is to ramp up LNG production to three million tons per year by 2025, emphasizing Congo’s
commitment to expanding its presence in the global LNG market.
Under the leadership of H.E. Itoua, the Ministry of Hydrocarbons has played an instrumental part in harnessing the Congo’s hydrocarbon resources, driving innovation, attracting investments, and promoting sustainable energy solutions.