Angola and Congo Republic discuss strengthening of oil cooperation

BRAZZAVILLE, Feb 22 (NNN-ANGOP) — Angola’s ambassador to Republic of Congo, Vicente Muanda, discussed, in Brazzaville, during an audience with Congolese minister of Hydrocarbons, Jean Marc Thystere Tchicaya, the mechanism to strengthen oil cooperation between the two countries.

The meeting analysed the state of the Lianzi Joint-Utilisdation Commission, which conducts the exploitation process of the oil and gas in the common maritime border.

In the meantime, both governments’ representatives admitted that the way the two countries share the oil resource in the Lianzi cross-border zone is an exemplar agreement.    

However, the Angolan diplomat also spoke of the reform process underway in Angola’s oil sector, highlights to the new laws on the oil and gas segment, development of new fields to attract new instruments and the restructuring of the State-owned oil firm Sonangol.  

In his turn, the Congolese official underscored the need to increase the exchange of experience between the two countries’ oil sector technicians in the training of new personnel in this field.

The Lianzi field output results from an agreement between Angola and Congo signed in 2002, whose aim is to jointly exploit the cross-bordering geological structures namely the block 14 (Angola) and high sea (Congo).

The Angolan Oil minister along with Hydrocarbons minister of Congo the Sonangol CEO and the National Petroleum Company of the Congo are members of this inter-state management body, which has a rotating presidency of one year term. — NNN-ANGOP