DRC: KAMPAC OIL AND ATLAS INVESTMENT TRUST JOINTLY INVEST IN REHABILITATING OCPT
At a ceremony on 3 June, Kampac Oil and Atlas Investment Trust signed a partnership agreement to rehabilitate incumbent OCPT's network in Kinshasa and the provinces. The agreement also covers providing management and training for company personnel. The contract is set to begin in August.
Atlas will be the investor and Kampac Oil the implementor. According to local sources, the almost completely unknown Kampac Oil is seeking to enter several African countries besides the DRC, including, Cote d'Ivoire, Senegal, Nigeria and Tanzania. It has oil concessions in Niger and Senegal. The Dubai-based group has been in existence for 25 years and has interests in oil, banking, property and media.