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Russia to Build Petroleum Pipeline in Republic of Congo

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Acutel

Acutel, an investor and journalist, specializes in U.S. equities, emerging markets, and African finance.
  • Russian firm ZNGS Prometey to hold a 90% stake in the joint venture
  • Experts urge African nations to approach Russia with caution amid geopolitical tensions

Russia has agreed to construct a petroleum pipeline in the Republic of Congo, connecting the western port city of Pointe-Noire to the capital, Brazzaville. The project will be structured as a joint venture, with Russian pipeline builder ZNGS Prometey holding a 90% stake.

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