Connect with us

Opinion

Azerbaijan and Congo Agree On Oil & Gas Refinery Projects, Economic Cooperation, By Kestér Kenn Klomegâh

After gaining independence in 1991, Azerbaijan became a member of the International Monetary Fund, the World Bank, the European Bank for Reconstruction and Development, the Islamic Development Bank, and the Asian Development Bank.

Published

on

Congolese President Denis Sassou Nguesso with Azerbaijan's President Ilham Aliyev

Congolese President Denis Sassou-Nguesso has engaged in game-changing strategy, widening the search for reliable partner ready to explore its oil reserves, undoubtedly due to Russia’s inability to fulfill bilateral promises and delay in acting on its limitless signed 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.

In an interview with TASS News Agency, Sassou-Nguesso underscored the fact that “Russia is an important country, a strategic partner that may play its role in the period when Africa is looking for cooperation in building a new world in the region, building infrastructure, new economic and security systems. The African people want to develop their economy and to establish themselves on the global arena. Russia may hold a strategic position on this issue.”

Despite the praise given to Russia, the leadership of Congo has now shifted to Russia’s neighbour Azerbaijan, which is by description a transcontinental country located at the boundary of Eastern Europe and West Asia. As a former Soviet republic, it adopted a declaration of independence in October 1991. Geographically, three physical features dominate Azerbaijan: the Caspian Sea, whose shoreline forms a natural boundary to the east; the Greater Caucasus mountain range to the north; and the extensive flatlands at the country’s center.

What is most import here is that two-thirds of Azerbaijan is rich in oil and natural gas resources. There are many pipelines in Azerbaijan. The goal of the Southern Gas Corridor, which connects the giant Shah Deniz gas field in Azerbaijan to Europe, is to reduce European Union’s dependency on Russian gas.

Advertisement

After gaining independence in 1991, Azerbaijan became a member of the International Monetary Fund, the World Bank, the European Bank for Reconstruction and Development, the Islamic Development Bank, and the Asian Development Bank.

These make its significant importance for business, to establish corporate relations. And particularly, in the 21st century, a new oil and gas boom helped improve the situation in Azerbaijan’s science and technology sectors. It is not by mistake that Congo has established relations here. 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.

Both will jointly pursue various projects by the protocol of intent signed between the Ministry of Ecology and Natural Resources of Azerbaijan and the Republic of Congo’s Ministry of Environment and Sustainable Development on cooperation in the field of the environment, sustainable management of natural resources and climate change.

Advertisement

Nearly 80% of the population still live in abject poverty despite the fact that the country boasts of huge resources. The Republic of Congo has become the fourth largest oil producer in the Gulf of Guinea, providing the country with a high degree of potential prosperity despite its internal ethnic conflicts and economic disparity. It has large untapped mineral wealth, large untapped metal, gold, iron and phosphate deposits. In 2018, the Republic of the Congo joined the Organization of Petroleum Exporting Countries.


Continue Reading
Advertisement
Click to comment

You must be logged in to post a comment Login

Leave a Reply

Trending Contents

Topical Issues

Job Joseph Job Joseph
Forgotten Dairies5 hours ago

The Church, The State And The Constitution: A Christian Legal Analysis Of CAC v. Emmanuel Ekpenyong -By Job Joseph

The Church must not be above the law. Equally, the government must not be above the Constitution. A society governed...

Fransiscus Nanga Roka - Indonesia Fransiscus Nanga Roka - Indonesia
Forgotten Dairies6 hours ago

When Markets Freeze, Benchmarks Must Not Invent Reality, by Fransiscus Nanga Roka

The city of London's financial reputation relies upon its ability to create contracts which can withstand extreme fluctuations in the...

Malami Malami
Forgotten Dairies14 hours ago

Abubakar Malami And The Northwest Regional Campaign Manifesto (Part 2) -By Hajia Hadiza Mohammed

A look at the manifesto highlighted indicates that it was designed to tackle these challenges confronting the region. In the...

Opinion15 hours ago

FoRB: Airports and Discrimination Against Minority Faith and Belief Groups in Nigeria -By Leo Igwe

Millions of Nigerians profess faiths and beliefs other than Christianity and Islam. Why is there no provision for them at...

Daniel Nduka Okonkwo Daniel Nduka Okonkwo
Forgotten Dairies17 hours ago

The Trees Kept Voting for the Axe, As Long as Leaders Remain Financially Comfortable, Their Policies Will Never Favour Ordinary Nigerians, by Daniel Nduka Okonkwo

As long as political leaders remain insulated from the economic insecurity experienced by those they govern, public confidence will remain...

Nigeria flag Nigeria flag
Forgotten Dairies17 hours ago

Nigerian Disability; We sold the well, charged for and withheld the water -By Prince Charles Dickson Ph.D

Every child deserves more than survival. Every caregiver deserves more than exhaustion. Every adult with a disability deserves the freedom...

Women in politics Politicians Women in politics Politicians
Forgotten Dairies17 hours ago

Women on the Ballot, But Where Is the Balance? What INEC’s 2027 State Assembly Candidate List Reveals, by Seun Elere

As Nigeria approaches the 2027 elections, the question is no longer simply whether women are participating in politics. It is...

Breaking News19 hours ago

‘You’re Guilty as Charged’: Rufai Oseni Replies Dabiri-Erewa Over Journalism Criticism

Rufai Oseni has accused Abike Dabiri-Erewa of endorsing an offensive post about an ethnic group, while the NiDCOM chairperson criticised...

Ladi Adebutu Ladi Adebutu
Breaking News19 hours ago

Adebutu Reacts to Absence from INEC Governorship List, Says PDP Will Seek Redress

Ladi Adebutu has urged supporters to remain calm after INEC omitted his name from the Ogun governorship candidates list, vowing...

INEC INEC
Breaking News20 hours ago

2027 Governorship Elections: INEC Publishes Candidates’ Names Across States

The Independent National Electoral Commission has published the names, parties and ages of governorship candidates ahead of Nigeria's 2027 elections.