Insight
Congo: Political uncertainty undermines appeal
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Report summary
Wood Mackenzie's sister company, Verisk Maplecroft, examines the upcoming tender and identifies political risk issues potential new entrants should monitor. Dwindling oil revenues mean that the Congolese government is under pressure to attract new investment. The country’s new petroleum code provides greater fiscal clarity and promising recent oil and gas discoveries in the neighbouring acreage should additionally stimulate investor appetite.
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Table of contents
- Executive summary
- Interest focuses on Coastal Basin blocks
- Fear of losing power undermines policies aimed at attracting investors
- Sassou-Nguesso’s unpopularity threatens operating environment
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