Oil From Block Shared by Congo, Angola May Flow in 36 Months
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Sonangol EP, Angola’s state oil company, and the Democratic Republic of Congo’s Cohydro may begin production from a shared offshore oil block in 36 months, Congo’s Oil Minister Crispin Atama said.
Angola and Congo will negotiate a new production-sharing agreement for block 14c, a so-called zone of common interest in the Atlantic Ocean, Atama said in an e-mailed statement today.