Russia and the Republic of Congo signed an agreement on the construction of the Pointe-Noire – Luguete – Maluko-Trecho oil pipeline. This was reported by TASS referring to the embassy of an African country in Moscow.
“The signing was successful,” the diplomatic department confirmed.
The signing ceremony of the document took place after the seventh meeting of the Intergovernmental Russia-Congo Joint Economic, Scientific and Technical Cooperation and Trade Commission.
before that reported Russia’s exports of petroleum products to the European Union have decreased ninefold in two years. Despite the significant reduction, Russia managed to redirect all of the lost volume to other buyers. The main importers were China and India, which doubled their purchases in the six months of this year compared to last year with 52.4 million tons.
Thus, Moscow was able to compensate for its loss in the European sales market by increasing supplies to Asian countries. This was facilitated by the price discounts that Russia provided for its oil, which made Russia more attractive to Asian countries in the context of high world energy prices.
Previously Novak appreciated Growth rates of Russia’s LNG exports in 2024.