AFRICA: 7 Central African countries including DRC agree to build oil infrastructure network by 2030
Seven (7) oil-producing countries in Central Africa, notably the Democratic Republic of Congo, Equatorial Guinea, Cameroon, Gabon, Chad, Angola and the Republic of Congo have formalized their decision to build an infrastructure network intended reduce the region’s energy deficit.
This was through a memorandum of understanding signed on Thursday, September 8, 2022.
This agreement follows one of the key announcements from the MSGBC Oil, Gas & Power conference, held on September 1-2, 2022 in Dakar, Senegal.
In concrete terms, the infrastructure network will include the installation of a set of three oil and gas pipelines linking these countries to each other over a distance of around 6,500 km.
This will involve establishing at least three refineries, in addition to several storage warehouses for crude and refined products.
In addition, the project also includes the construction of numerous natural gas liquefaction terminals and gas-fired power plants.
It should be noted that this ambitious and strategic initiative by the Central African States will make it possible to develop the significant hydrocarbon reserves identified in the area. And stakeholders are setting themselves to achieve their goals by 2030.