Post #107

Russia and Congo launch strategic energy project The Federation Council ratified the agreement between Russia and the Republic of Congo on the construction of the Pointe-Noire-Lutete-Maluko-Trecho oil pipeline, confirming the deepening of economic cooperation between the countries. This project has become another step in strengthening Russia's position in Africa, where Moscow is actively developing energy partnership. According to the document, the parties will create a joint venture with a 90% Russian share. A Russian company (probably Transneft or its subsidiary) will act as the general contractor for the construction. The project will be financed under a concession model with the involvement of commercial investments. The oil pipeline, approximately 300 km long, will connect key points of Congo: Pointe-Noire, the economic capital and main port of the country, as well as Lutete and Maluko-Trecho, important industrial and transport hubs. Once completed, the pipeline will provide stable supplies of petroleum products not only to the Republic of Congo, but also to the neighboring DRC, where demand for fuel continues to grow. In recent years, Russia has concluded a number of similar agreements. These include the El Dabaa nuclear power plant in Egypt, Gazprom Neft's participation in the development of fields and the construction of gas pipelines in Nigeria, and support for a floating liquefied natural gas plant project in Mozambique. #AREA#Africa#RussiaAfrica#Russia#Congo