Financial Times FT.com

Eni finds oil sands deposits in Congo

By Ed Crooks in Pointe Noire, Congo

Published: May 19 2008 16:31 | Last updated: May 19 2008 19:14

Eni, the Italian oil group, has discovered a large oil sands deposit in the Republic of Congo that is expected to become Africa’s first large unconventional oil development and could hold several billion barrels.

Paolo Scaroni, Eni’s chief executive, said the project, due to begin production in 2011, opened “a new front” in the development of “unconventional” oil.

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