Congo oil production
up 8.5 percent
By agencies
BRAZZAVILLE, Congo- The Republic of Congo’s oil production
has passed 100 million barrels this year, an 8.5 percent increase
over last year’s 93 million barrels, the country’s
president said.
President Denis Sassou Nguesso said the government was developing
new oil fields to grow production further to take advantage
of high global oil prices to achieve economic growth to 7
percent.
Nguesso said: “The increase in our oil production and
the sharp rise in oil prices on the global market partly explain
why we’re optimistic about the current economic situation
in the country.”
The president cautioned, however, that oil income would be
used wisely to ensure continued growth.
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