Deal #1165

Congo, Rep.

Created at

2013-02-15

Last update

2024-04-10

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.)

Name of investment project

Eco-Oil Energie SA Congo

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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