{"id":39550,"date":"2023-07-13T08:12:14","date_gmt":"2023-07-13T08:12:14","guid":{"rendered":"https:\/\/www.africa-press.net\/angola\/?p=39550"},"modified":"2023-07-13T06:53:49","modified_gmt":"2023-07-13T06:53:49","slug":"angola-drc-to-sign-oil-production-contract-on-thursday","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/angola\/all-news\/angola-drc-to-sign-oil-production-contract-on-thursday","title":{"rendered":"Angola, DRC to sign oil production contract on Thursday"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Angola. <\/strong><\/span><b>Angola and Democratic Republic of the Congo (DRC) will sign a production sharing contract model on Thursday in Kinshasa.<\/b><\/p>\n<p>The agreement will be signed by the Ministries of Mineral Resources, Oil and Gas (Mirempet) of Angola and Hydrocarbons of the Democratic Republic of Congo (DRC).<\/p>\n<p>Press learnt that an Angolan delegation, led by the incumbent minister Diamantino Azevedo, will travel to DRC for this purpose.<\/p>\n<p>Both sides are expected to take another step in the Common Interest Zone (ZIC), as part of the common exploitation of hydrocarbons in the lower Congo basin.<\/p>\n<p>In 2023, the two countries signed a Memorandum of Understanding on joint oil exploration in the waters of the Lower Congo basin.<\/p>\n<p>After 20 years of negotiations, the two countries agreed on the aspects such as the validation and signing of the Production Sharing Contract model, the distribution of the Concessionaire&#8217;s income in 50% to each country and the definition of the Contractor Group.<\/p>\n<p>Angola and DRC share a vast land, sea and river border.<\/p>\n<p><strong>For More News And Analysis About <a href=\"https:\/\/www.africa-press.net\/angola\">Angola<\/a> Follow <a href=\"https:\/\/www.africa-press.net\/\">Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Angola. Angola and Democratic Republic of the Congo (DRC) will sign a production sharing contract model on Thursday in Kinshasa. The agreement will be signed by the Ministries of Mineral Resources, Oil and Gas (Mirempet) of Angola and Hydrocarbons of the Democratic Republic of Congo (DRC). Press learnt that an Angolan delegation, led [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":39549,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,7,244],"tags":[233,337,329],"class_list":["post-39550","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-head-lines","category-to-homepage","tag-africa-press","tag-africa-press-angola","tag-angola"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Angola, DRC to sign oil production contract on Thursday - Angola<\/title>\n<meta name=\"description\" content=\"Angola and Democratic Republic of the Congo (DRC) will sign a production sharing contract model on Thursday in Kinsha ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/angola\/all-news\/angola-drc-to-sign-oil-production-contract-on-thursday\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Angola, DRC to sign oil production contract on Thursday\" \/>\n<meta property=\"og:description\" content=\"Angola and Democratic Republic of the Congo (DRC) will sign a production sharing contract model on Thursday in Kinsha ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/angola\/all-news\/angola-drc-to-sign-oil-production-contract-on-thursday\" \/>\n<meta property=\"og:site_name\" content=\"Angola\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2023-07-13T08:12:14+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/angola\/sites\/65\/2023\/07\/sm_1689214095.914919.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1655\" \/>\n\t<meta property=\"og:image:height\" content=\"1062\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/angola\/all-news\/angola-drc-to-sign-oil-production-contract-on-thursday#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/angola\/all-news\/angola-drc-to-sign-oil-production-contract-on-thursday\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/angola\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Angola, DRC to sign oil production contract on Thursday\",\"datePublished\":\"2023-07-13T08:12:14+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/angola\/all-news\/angola-drc-to-sign-oil-production-contract-on-thursday\"},\"wordCount\":186,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/angola\/all-news\/angola-drc-to-sign-oil-production-contract-on-thursday#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/angola\/sites\/65\/2023\/07\/sm_1689214095.914919.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Angola\",\"Angola\"],\"articleSection\":[\"all news\",\"economy\",\"head lines\",\"to-homepage\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/angola\/all-news\/angola-drc-to-sign-oil-production-contract-on-thursday#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/angola\/all-news\/angola-drc-to-sign-oil-production-contract-on-thursday\",\"url\":\"https:\/\/www.africa-press.net\/angola\/all-news\/angola-drc-to-sign-oil-production-contract-on-thursday\",\"name\":\"Angola, DRC to sign oil production contract on Thursday - 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