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The infrastructure in the Republic of Congo is actively being improved. New airports, dams, bridges, highways, stadiums, and office complexes have all been built recently. These projects heavily employ Chinese construction companies.
But contract awarding isn’t always transparent. As a result of loans from the Chinese government to the government of the Republic of Congo, some contracts appear to have been given to private Chinese companies without a competitive process.
The majority of the largest agreements between China and the Republic of Congo are not made public.
The Congo Building Materials Market accounted for $XX Billion in 2021 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2022 to 2030.
An oil refinery is being built by the Republic of the Congo close to the port city of Pointe-Noire. The President was present at the groundbreaking event, which served as a turning point for the country’s hydrocarbon industry as it works to expand local refining capacity and address ongoing fuel shortages.
The Atlantic Petrochemical Refinery, with a capacity of 2.5 million tonnes per year (mtpa), helps to diversify national exports away from crude oil.
Despite being the fourth-largest oil producer in sub-Saharan Africa at the moment, Congo-Brazzaville only has one refinery that can only satisfy a small portion of the demand for petroleum by-products in the area.
The Democratic Republic of the Congo, Gabon, Cameroon, and Angola are all neighbouring nations that import refined oil products on a net basis, which creates a sizable market to supply both domestic and regional fuel demands.
There will be two phases to the refinery’s construction. Construction, commissioning, and startup of the core refining units—each of which has a minimum daily capacity of 65,000 barrels—are all included in Phase 1’s engineering and procurement phase (bpd).
This phase, which is intended to run entirely on Djeno light crudes, focuses on meeting domestic demand.