INSUBCONTINENT EXCLUSIVE:
Russia has approved the construction of a petroleum product pipeline in the oil-rich Republic of Congo, as Moscow continues efforts to
strengthen its influence in Africa.The project will involve a joint venture between Russian pipeline builder ZNGS Prometey, which will own
90% of the venture, and the National Petroleum Company of Congo.While no timeline for construction has been set, the agreement will take
effect 30 days after both parties clear regulatory hurdles.Russia and the Republic of Congo are expected to sign a
build-own-operate-transfer concession deal within three months, which will finalize the remaining details
It is planned to operate for at least 25 years.
