Chevron Nears Oil Deal In Shared Block Offshore Angola And Congo
- Parties could meet this month in Congo, minister says
- Sonangol writing off $200 million loan to Congo’s oil company
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Chevron Corp. is finalizing a production-sharing agreement with Angola and the Democratic Republic of Congo to operate their shared offshore oil block, Congolese Oil Minister Didier Budimbu Ntubuanga said.
There is a draft of the pact and this month the parties have been invited to discuss development of the block known as both 14c and the common interest zone, Budimbu said in an interview in Congo’s capital, Kinshasa.