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Browsing: Diamantino Azevedo
- The signing authorizes the ownership of the Common Interest Zone, with Angola and the DRC each holding a 30% stake. Global energy major Chevron, the block operator, will take a 40% share.
- The Angola-DRC deal sets terms and general principles for exploration, production sharing, and ownership of the highly promising offshore Common Interest Zone.
- For Angola, sharing knowledge and expertise with the DRC will not only strengthen their bilateral relations but also power overall growth and stability of the region.
In an historic agreement, Angola and DRC are teaming up for the development of Chevron-owned oil block that will see the exploration, and production of hydrocarbons in the Common Interest Zone located on their maritime border.
The signing ceremony took place on Thursday, July 13th, in Kinshasa, with Angola’s Minister of Mineral Resources, Petroleum, and Gas, Diamantino Azevedo, and the Democratic Republic of Congo’s Minister of Hydrocarbons, Didier Ntubanga, formalizing
