Friday, April 05, 2024

Russia, Azerbaijan And Congo Agree On Oil & Gas Refinery Projects, Economic Cooperation

Good news! How Africa begins to shape the future of the world! Exciting!

"Congolese President Denis Sassou-Nguesso has engaged in game-changing strategy, widening its search for reliable partner ready to explore it oil reserves, undoubtedly after Russia’s delay in acting on its bilateral agreements. Russia’s Vladimir Putin held an official meeting with Sassou-Nguesso, in Novo-Ogaryovo near Moscow during which both leaders assertively agreed on strengthening economic cooperation.
Several packages of documents that were signed that year included  intergovernmental agreements on cooperation in the peaceful use of nuclear energy and also on exploration of natural resources. Russia’s Pipe Metallurgical Company (TMK) was awarded the sole contract for building a major oil pipeline, running more than 1,300 km from the port city of Pointe-Noire in the Republic of Congo to the border with Cameroon.  ...
Azerbaijani President Ilham Aliyev held both tete-a-tete and expanded negotiations with Congolese President Denis Sassou Nguesso in early April 2024, a statement on the Azerbaijani leader’s website said.

The report monitored by this author, indicated that Azerbaijan and Congo signed a package of documents aimed at expanding bilateral cooperation following high-level negotiations in Baku, capital of Azerbaijan.

It therefore implies that the State Oil Company of Azerbaijan (SOCAR) and the National Oil Company of the Congo, by the signed agreement, both will jointly on specified conditions develop and expand Congolaise de Raffinage oil refinery. Congolaise de Raffinage specializes in the processing of light oil, its website says. The refinery’s capacity is 1 million tonnes of oil per year. Production started in 1982. ..."

Azerbaijan And Congo Agree On Oil & Gas Refinery Projects, Economic Cooperation – OpEd – Eurasia Review




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