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SNPC meaning in International ?

Answer» What is Société Nationale des Pétroles du Congo mean?

Société nationale des pétroles du Congo (the National Petroleum Company of the Congo, SNPC) is a national oil company of the Republic of the Congo. The company was established in 1998 after the dissolution of the public company Hydro-Congo. The company manages government-owned shares of production from oil fields in the country. The company has stakes in Moho-Bilondo (15%), Nkossa (15%), M'Boundi (8.8%), Kitina (35%), Sendji (15%), Yanga (15%), Djambala (35%), Foukanda (35%), Mwafi (35%), Emeraude (49%), Yombo (44%), Tilapia (35%), Azurite (15%), and Turquoise Marine-1 (15%) fields. It owns the refinery company named Congolaise de Raffinage (CORAF).

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