Congo Signs $23B Deal With Wing Wah To Boost Oil Output

The deal between the Republic of the Congo and the Chinese oil and gas company aims to develop the Banga Kayo, Holmoni, and Cayo blocks and raise national oil output to 200,000 B/D by 2030.

Read full article: JPT Journal of Petroleum Technology
September 9, 2025

Congo has signed a $23 billion deal with Chinese oil and gas company Wing Wah to develop the Banga Kayo, Holmoni, and Cayo blocks, targeting production of 200,000 B/D by 2030. The country projects cumulative output across the three permits to exceed 1.3 billion bbl by 2050.

The project also features an integrated gas monetization plan, including multiphase expansion of liquefied natural gas (LNG), liquefied petroleum gas (LPG), butane, and propane production.

Congo's eagerness to develop its oil and gas resources serves as a model for other African Congo’s push to advance its oil and gas sector highlights its strategy to drive sustainable economic growth, setting an example for other African nations seeking to leverage energy investments for development.