Republic of the Congo Oil Contracts Lock In a US$90 Windfall Trigger

REPUBLIC OF THE CONGO (BRAZZAVILLE) · ENERGY

Key Facts

—The decision: The Republic of the Congo’s Council of Ministers approved four bills on Tuesday 18 August 2026 introducing a single windfall threshold of US$90 a barrel for these Congo oil contracts. It applies for the entire duration of the contracts concerned. The bills still have to pass Parliament.

—Which contracts: Four separate bills carry the first amendment to Nanga II Bis and Nanga IV, both signed on 23 November 2023, to the Nanga V production-sharing contract (written “Nangua V” in the communique), and to Marine XXIX, signed on 25 April 2025.

—The partners: Nanga II Bis and Nanga IV pair the state and national oil company SNPC with Dingheng Mining Co. Limited. Nanga V and Marine XXIX pair them with Oriental Energy SAU, the Congolese arm of China’s Ganergy Heavy Industry Group Co. Ltd.