The company was established in 1998 after the dissolution of the public company Hydro-Congo.[1] The company manages government-owned shares of production from oil fields in the country.[2] The company has stakes in Moho-Bilondo (15%), Nkossa (15%), M'Boundi (8.8%), Kitina (35%), Sendji (15%), Yanga (15%), Djambala (35%), Foukanda (35%), Mwafi (35%), Emeraude (49%), Yombo (44%), Tilapia (35%), Azurite (15%), and Turquoise Marine-1 (15%) fields.[3][4][5] It owns the refinery company named Congolaise de Raffinage (CORAF).[3]