Russia to Build Fuel Pipeline in Congo: A Strategic Move to Strengthen Ties
In a significant development, Russia has announced its preliminary approval for the construction of a fuel pipeline in the Republic of Congo. This pipeline aims to connect the port of Pointe-Noire in western Congo to the capital city, Brazzaville. The announcement came through a government decree published on Monday evening, marking a crucial step in enhancing Russia's energy footprint in Africa.
The project will see the establishment of a joint company, with Russia poised to acquire a substantial 90% stake. This arrangement underscores Russia's commitment to not only fund the construction but also provide essential equipment and personnel for the project. Additionally, Russia has pledged to supply fuel as needed, while Congo is expected to offer various tax incentives to facilitate the venture.
This move is part of Russia's broader strategy to strengthen its economic ties with African nations, especially following the deterioration of its relations with Europe after the onset of the Ukraine conflict in February 2022. In 2022 alone, Russia's foreign trade with African countries reached approximately $18 billion, with a significant portion comprising grain crops and oil products. As noted by Russian expert Andrey Ontikov, the African market is becoming increasingly vital for Russian energy products, including coal and hydrocarbons, especially with the anticipated growth in market capacity due to the African Continental Free Trade Area.
