Monday, September 24, 2012

Congo could allow oil exploitation in parks: minister

By Jonny Hogg

KINSHASA (Reuters) - The Democratic Republic of Congo will allow exploration work inside Africa's oldest national park if significant oil deposits are found there, the country's hydrocarbons minister said on Saturday.

Congo is keen to expand its underdeveloped oil sector, which currently produces only 26,000 barrels a day despite oil-rich areas in both the east and west of the country.

British oil company Soco International was earlier this year given permission to carry out aerial surveys on Block 5, a block of land near the border with Uganda, but the move has faced fierce opposition from environmental groups.

Most of the concession lies within Virunga National Park, one of Africa's most biodiverse areas, and a last refuge for the region's famous mountain gorillas.

"The DRC has the right to know what resources it has under the earth, even if it's in the park or the forest, anywhere," minister Crispin Atama Tabe told Reuters in an interview.

It is currently against Congolese law to prospect or exploit minerals inside the country's national parks, but Atama Tabe said the legislation could be reviewed.

"We're going to evaluate the quantity of the deposit. If it's very significant we'll compare the value of the park with the oil... We'll see whether we'll respect the park or not. It's up to us," he said, adding that exploration could take up to three years.

Block 5 is part of the Albertine Graben, an area which has already attracted oil major Total, which also holds stakes in both DRC and Uganda. ? Continued...

Source: http://feeds.reuters.com/~r/reuters/AFRICATopNews/~3/iTj8f8CHJKg/idAFJOE88M00C20120923

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