The Congo People's Republic is taking new measures to boost the country's oil exploration and development programme.
The Congo People's Republic is taking new measures to boost the country's oil exploration and development programme. This year, the Congo hopes to produce 7.5 million tonnes of oil and has already applied to join the Organisation of Petroleum Exporting Countries (OPEC).
SYNOPSIS: This week, a delegation of Italian oil industrialists arrived in Brazzaville for talks with the Government.
The delegation was led by Signor Pietro Sette, President of the Italian oil organisation ENI. He was greeted by Italian oil men working in the Congo.
The Congolese Government is establishing a new organisation, to be called the Loango oil company. This will replace the Italian and French oil companies, which have until now been co-operating with the government on the exploration of the country's off-shore oil resources.
The Italians to discuss the new company with the Congolese Government. They were also scheduled to visit the Congolese oil refinery at Pointe-Noire.