Statement from Crispin Atama Tabe Mogodi, Oil Minister for the Democratic Republic of Congo

Informations

• Publié par: oil-minister-for-the-democratic-republic-of-congo
• Nombre de lectures: 11
• Langue: English

Extrait

Statement from Crispin Atama Tabe Mogodi, Oil

Minister for the Democratic Republic of Congo

PR Newswire

LONDON, June 26, 2012

LONDON

,

June 26, 2012

/PRNewswire/ --

"Reports in today's Financial Times (

25th June 2012

) under the headline '

Congo

threatens to take back oil blocks (25.06.12)' do not fully represent my

discussion with the publication's correspondent in

Nairobi

. With a watchful eye

on the development of oil production across the border, I certainly did say that

we 'don't have time to lose'. However, whist we recognise our progress is

behind that of our neighbours, development is at its planned stage and we are

comfortable with progress. Our enthusiasm for the project means we remain

impatient though. Caprikat and Foxwhelp have made significant investment into

R&D and seismic investigations and have invested heavily in social welfare

projects in the area. This is the progress that the DRC Government expected

when awarding the blocks and we are satisfied that our expectations are being

met. I have written accordingly to the FT and expect them to make suitable

amends

."