The Republic of Congo is aiming to restructure its “all oil” economy to one that is anchored on the development of other natural resources and energy infrastructure. According to the country’s National Development Plan (NDP) – Republic of Congo Poverty Reduction and Growth Strategy – it aims to restructure the economy. The aim of which is to develop the industrial sector through the development of natural resources. Recently, the Republic of the Congo President Denis Sassou Nguesso, and the Chief Executive Officer of Eni, Claudio Descalzi, laid the foundation stone of Congo LNG. The project is expected to reach an overall liquefied natural gas (LNG) production capacity of three million tons per year (approximately 4.5 billion cubic meters/year) from 2025.

Source: The North Africa Journal May 02, 2023 08:58 UTC