Please note: you are viewing an old version of this deal. The current version can be found here: Deal #1165
Deal #1165 Version #87934
Congo, Rep.
Created at
2013-02-15
Last update
2022-09-01
Last full update
2024-04-10
Operating Company
Operating company
Actors involved in the negotiation / admission process
- Government of Congo Government / state institutions (government, ministries, departments, agencies etc.)
Comment on investment chain
Eco-Oil Energie SA Malaysia was formed in 2013 after the Congolese government agreed to the Malaysian investors to take over the control of the Sangha Palm oil plantations (Former name).
Two banking agencies, namely BGFIBank and Ecobank, will provide financing for the project. One data source states that the Society of African oil exploration and distribution, SARPD-Oil may also be a shareholder in the project.
Besides the Malaysian investors, the President and CEO of Eco-Oil Energie, Claude Wilfred Etoka, has greatly profited from the company’s activities. One of the owners of Eco-Oil Energie is a Swiss-registered company called Eco Oil Energie Sarl, which in turn is owned by a Cyprus-registered company called the WEC Group. Etoka is the only shareholder of Eco-Oil Energie Sarl.
Network of parent companies and tertiary investors/lenders
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Legend
- Is operating company of
- Is parent company of
- Is tertiary investor/lender of