Republic of Congo Oil & Gas Market Size
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | > 1.47 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Republic of Congo Oil & Gas Market Analysis
The market for the Republic of Congo oil and gas downstream is expected to grow at a CAGR of more than 1.47 % during the forecast period of 2020 - 2025. Factors such as increasing investments and increasing production of oil in the country are expected to boost the demand for the Republic of Congo oil and gas downstream market during the forecast period. However, corruption in the government and maturing of oil fields is expected to impede the growth in the forecast period.
- The upstream sector in the Republic of Congo is expected to witness a significant increase in the forecast period. Offshore oil fields in the exclusive economic zone (EEZ) of the Republic of Congo are expected to witness substantial growth.
- Exploration of the Tilapia oil field in Kuilou, in the north of Pointe Noire, has led to a significant discovery that can lead to an increase in prosperity and create an opportunity for the players in the field.
- Increasing oil production is expected to incentivize investors to invest in the Republic of Congo's oil and gas sector, thereby contributing to the increase of growth of the industry.
Republic of Congo Oil & Gas Market Trends
This section covers the major market trends shaping the Republic Of Congo Oil & Gas Market according to our research experts:
Upstream Sector to Witness Growth
- The upstream sector is heavily focused on the production of oil, and much of the gas that is produced is used as a tertiary mechanism to increase the production of oil. The gas reserves in the country are expected to be 285 billion cubic meters, in 2018.
- In 2019, there are plans to increase the production by starting production in the Congo peat bogs for oil. However, concerns related to environment and economic viability have impeded the growth of the plan.
- The export of petroleum products from the country is around USD 4,455 million, and the amount of market production of natural gas is approximately 867 million cubic meters, in 2018.
- Hence, the upstream sector is expected to witness growth in the forecast period due to an increase in investment in the sector.
Increasing Oil Production to Drive the Market
- There has been an increase in oil production by 23.9% year-on-year, in 2018. Rising from 13.8 million tons (MT) in 2017 to 17.0 MT in 2018. The growth in output has been very significant due to the increase in enhanced oil recovery practices.
- The refinery capacity in the country is around 21,000 barrels per day. This is due to a single refinery located in Muanda. No new refinery in the country is expected in the forecast period.
- The proven oil reserves in the country are around 2.9 thousand million barrels, and the country exports around 307,100 barrels per day to different countries in the world, in 2018. The oil consumption in the country is approximately 8,500 barrels per day.
- The Republic of Congo oil and gas industry is expected to grow slightly in the forecast period due to an increase in oil production in the region and increasing investment in the oil and gas sector.
Republic of Congo Oil & Gas Industry Overview
The Republic of Congo oil and gas downstream market is moderately consolidated. The major companies include Total S.A., Eni S.P.A., Chevron Corporation, Perenco S.A., and National Petroleum Company of the Congo, SNPC, amongst others.
Republic of Congo Oil & Gas Market Leaders
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Total S.A.
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Eni S.P.A.
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Chevron Corporation
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Perenco S.A.
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National Petroleum Company of the Congo, SNPC
*Disclaimer: Major Players sorted in no particular order
Republic of Congo Oil & Gas Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Scope of the Study
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1.2 Market Definition
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1.3 Study Assumptions
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET OVERVIEW
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4.1 Introduction
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4.2 Crude Oil Production and Consumption Forecast, in thousands barrels per day, till 2025
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4.3 Recent Trends and Developments
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4.4 Government Policies and Regulations
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4.5 Market Dynamics
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4.5.1 Drivers
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4.5.2 Restraints
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4.6 Supply Chain Analysis
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4.7 PESTLE Analysis
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5. MARKET SEGMENTATION
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5.1 Upstream
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5.1.1 Location of Deployment
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5.1.1.1 Onshore
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5.1.1.1.1 Overview
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5.1.1.1.2 Key Projects
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5.1.1.1.2.1 Existing Projects
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5.1.1.1.2.2 Projects in Pipeline
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5.1.1.1.2.3 Upcoming Projects
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5.1.1.2 Offshore
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5.1.1.2.1 Overview
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5.1.1.2.2 Key Projects
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5.1.1.2.2.1 Existing Projects
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5.1.1.2.2.2 Projects in Pipeline
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5.1.1.2.2.3 Upcoming Projects
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5.2 Midstream
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5.2.1 Overview
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5.2.2 Key Projects
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5.2.2.1 Existing Infrastructure
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5.2.2.2 Projects in pipeline
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5.2.2.3 Upcoming projects
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5.3 Downstream
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5.3.1 Refineries
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5.3.1.1 Overview
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5.3.1.2 Key Projects
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5.3.1.2.1 Existing Infrastructure
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5.3.1.2.2 Projects in pipeline
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5.3.1.2.3 Upcoming projects
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5.3.2 Petrochemicals Plants
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5.3.2.1 Overview
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5.3.2.2 Key Projects
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5.3.2.2.1 Existing Infrastructure
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5.3.2.2.2 Projects in pipeline
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5.3.2.2.3 Upcoming projects
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6. COMPETITIVE LANDSCAPE
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6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
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6.2 Strategies Adopted by Leading Players
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6.3 Company Profiles
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6.3.1 Total S.A.
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6.3.2 Eni S.P.A.
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6.3.3 Chevron Corporation
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6.3.4 Perenco S.A.
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6.3.5 National Petroleum Company of the Congo, SNPC.
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- *List Not Exhaustive
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Republic of Congo Oil & Gas Industry Segmentation
The Republic of Congo oil and gas downstream market report include:
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Republic of Congo Oil & Gas Market Research FAQs
What is the current Republic of Congo Oil and Gas Market size?
The Republic of Congo Oil and Gas Market is projected to register a CAGR of greater than 1.47% during the forecast period (2024-2029)
Who are the key players in Republic of Congo Oil and Gas Market?
Total S.A., Eni S.P.A., Chevron Corporation, Perenco S.A. and National Petroleum Company of the Congo, SNPC are the major companies operating in the Republic of Congo Oil and Gas Market.
What years does this Republic of Congo Oil and Gas Market cover?
The report covers the Republic of Congo Oil and Gas Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the Republic of Congo Oil and Gas Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Republic of Congo Oil and Gas Industry Report
Statistics for the 2024 Republic of Congo Oil and Gas market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Republic of Congo Oil and Gas analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
