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Oil & Gas

Eni, Congo Republic sign oil sands deal

May 19, 2008
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According to Reuters, Italian oil company Eni SpA signed an accord with the Republic of Congo recently for exploration and development of an oil sands field at Tchikatanga and Tchikatanga-Makola in the African nation.

Studies of a 100-square-km section of the field indicate recoverable reserves of between 500 million and 2.5 billion barrels, Eni Chief Executive Paolo Scaroni and Republic of Congo Energy Minister Bruno Itoua said.
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