Congo Republic expects oil output to rise to some 300,000 barrels per day in 2018, up from around 250,000 bpd now, partly due to a new deep offshore field due to come online next year, the oil minister said on Thursday.
Moho Nord, the second project issued on the Moho Bilondo offshore licence, is due to begin producing oil in March or April next year, Jean-Marc Thystere-Tchicaya told a conference in the capital Brazzaville.
Oil accounts for around 65 percent of the Central African nation’s GDP.
Having reversed a decline in production, Congo is on track to leapfrog Equatorial Guinea to become sub-Saharan Africa’s third-largest crude producer next year.
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