Billionaire Gertler Seeks Partner for Potential Congo Oil Find
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Billionaire Dan Gertler is looking for partners to develop oil blocks in the Democratic Republic of Congo after seismic studies revealed “a lot” of oil, the director of Gertler’s Oil of DR Congo sprl said.
Exploration by the company shows a geological structure beneath Congo’s Lake Albert that may contain as much as 2 billion barrels of liquid, Oil of DR Congo director Giovanni Pedaci told reporters yesterday in Kinshasa, the capital. The company needs to drill to test how much oil the structure contains, he said.