The Republic of the Congo has signed an agreement with the Russian Federation to construct a petroleum products pipeline connecting the Port of Pointe-Noire to Brazzaville.
Under the agreement, the two governments will form a joint venture (JV) for the pipeline’s construction and implementation, with Russia providing the capital, equipment and personnel and owning 90% of the JV, according to Reuters. The Republic of the Congo will grant necessary permits and approvals, regulatory support and tax exemptions on imported equipment, among other provisions.
The construction of the pipeline reflects growing Russian-Congolese relations in the energy sector and will be carried out through a Build-Own-Operate-Transfer model.
