From Ventures Africa

The Democratic Republic of Congo (DR Congo) and Angola state oil companies have entered into a joint venture to extract oil in a corridor between the two countries known as the “Common Interest Zone.” The joint venture deal was signed between Angola’s Sonangol and DR Congo’s Congolaise des Hydrocarbures (Cohydro)

“The agreement with Cohydro was signed by directors of the two companies on Tuesday and refines the terms of exploration activities and general principles that will govern the future production sharing contract,” said Sonangol in a statement.

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