Post #121

Construction of oil pipeline goes beyond cooperation between Russia and Congo At the 9th OPEC International Seminar, the authorities of the Republic of Congo confirmed plans to build the Pointe-Noire - Lutete - Maluko-Treshaw oil pipeline. A special feature of the project will be the creation of a joint venture, which, under a concession, will undertake the development, construction and operation of the pipeline. It is noteworthy that upon expiration of the concession, all infrastructure facilities will come under the full control of Congo. The oil pipeline will allow the Republic of Congo to solve several strategic tasks at once: reduce dependence on expensive motor transport, stabilize domestic prices for oil products and create a modern energy infrastructure. Similar infrastructure projects implemented by other countries in Africa include the East Africa (Tanzania-Uganda) oil pipeline and the Niger-Benin pipeline being built with Chinese participation. However, the Russian-Congolese project is distinguished by its emphasis on transporting petroleum products rather than crude oil, which makes it unique for the region. Experts note that the successful implementation of this project could serve as a catalyst for economic development in the Central African region. Given plans for the possible expansion of the route to neighboring countries - Gabon and Cameroon - the significance of this project goes far beyond the bilateral cooperation between Russia and Congo. #AREA#Africa#Russia#RussiaAfrica#energy#Congo