SNPC

EnergyNo. 1 in Republic of the Congo

Republic of the Congo

Founded

1998

Headquarters

Brazzaville, Republic of the Congo

Ticker

n/a

Sector

Energy

Stock performance

This company has no listed ticker in our data, so there is no price chart.

History

The Société Nationale des Pétroles du Congo (SNPC) was created in 1998 as the national oil company, replacing an earlier state petroleum body. It has grown into a group with subsidiaries spanning refining, trading, logistics, and distribution, and has been central to controversies over oil-backed loans and the management of the country's oil revenue.

Business model

SNPC holds the state's stakes in oil permits operated by companies such as TotalEnergies, Eni, and Perenco, markets the state's share of crude, and runs the CORAF refinery in Pointe-Noire through a subsidiary.

Market position

SNPC is the state's main vehicle in the oil sector, which is dominated by international operators.

Country impact

Oil accounts for most of the Republic of the Congo's exports and government revenue, so SNPC's sales and the oil-backed debts contracted through it have shaped the country's public finances, including the debt crisis that required an IMF program in 2019.