The Minister of Finance and Budget, Calixte Nganongo, launched, Monday 4 February 2019, in Brazzaville, the commissioning of the platform called State Debt Payment Tracking System (SYSPACE), in its oil component, in the presence of his colleague Minister of Hydrocarbons, Jean Marc Thystère Tchicaya. 

Syspace is a reform project of the Ministry of Finance and Budget. It is a web platform which enables companies operating in the natural resource sectors (timber, mining and oil) to register their periodic declarations online. 

This commissioning phase comes after the first test phase, which began on January 21, 2019. 

“The SYSPACE platform we are launching today is an essential link in the recipe chain. Indeed, by giving visibility to our natural resources, which contribute at about 85 per cent of our budget revenue, SYSPACE is filling a gap in our management tools that we have been denouncing for several years. SYSPACE, a purely congolese product, is the clear example that our youth has an inexhaustible potential of skills that only need to be promoted”, said Calixte Nganongo. 

While presenting the benefits of the platform, Ted Galouo Sou, director of natural resources (DRN) and head of the SYSPACE project, said that this platform is a tool to control the production and commercialization of natural resources; the reliability of calculations of entitlements from the distribution provided for by the agreements or contracts; real-time monitoring of entitlement payments, control of receipts and debts of the State vis-à-vis extractive companies; the facilitation of declarations and automatic recovery of companies; monitoring of State oil rights and debits on these rights.

For his part, the Minister Jean Marc Thystère Tchicaya said this tool is timely, since it will enable to better monitor, track and secure oil revenue. We are working to optimize resources, and better balance in terms of oil economic partnerships that binds us with our partners. We are revisiting a number of agreements, re-grooming a number of Production sharing contracts (CPP). Given the number of oil fields in operation (42 in total), I would like to particularly call on all the players, so that  they play the game in full transparency, in order to ensure a better follow-up thanks to this platform.” 

For their part, oil companies expressed their satisfaction and pledged to align with this new tool. These include Africa oil and gaz corporation (AOGC), a Congo-based oil company operating on the Pointe-indienne oil deposit, alongside SNPC, Petroleum and Ifouret.

The press Office of the Ministry of Finance