Sun, 29 Jul 2012 10:43:51 CDT
BRAZZAVILLE - Chevron Corp plans to invest $2 billion to develop its Lianzi oilfield straddling the maritime border between Republic of Congo and Angola, a company official said on Sunday. "Production from the Lianzi field will begin in 2015 and investments will cost $2 billion," Katia Mounthault-Tatu, a Chevron spokeswoman, told Reuters. State revenues from the field, which holds proven reserves of 70 million barrels, will be split 50-50 between Congo and Angola, the two countries confirmed in an agreement on Friday. Congo produced 105 million barrels of crude oil last year....
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