POST Online Media Lite Edition



 

Rwanda, Congo to explore oil in Lake Kivu

Staff Writer |
Congo and Rwanda have signed a five-year joint exploration agreement for oil under Lake Kivu.

Article continues below






The agreement follows a similar one between Tanzanian President John Pombe Magufuli and Congolese President Joseph Kabila in 2016.

The two leaders signed a memorandum of understanding to jointly explore the petroleum potential of Lake Tanganyika, which cuts across both countries.

Rwanda’s prospects are based on oil exploration ventures that have confirmed petroleum deposits in lakes Albert and Tanganyika which are located in the same areas on the border between Uganda and the DR Congo and are in the same basin as Lake Kivu.

According to one report, an official of the DRC’s Information Ministry, Raphael Mukendi told journalists that the agreement was signed recently by DRC’s Minister for Hydrocarbons Aime Ngoi-Mukena and Rwandan Minister for Natural resources Vincent Biruta.


What to read next

Rwanda gets World Bank credit to improve road transport
Uganda, Rwanda and Congo to protect gorillas and boost tourism
Rwanda moves to double exports to Egypt