Latest news with #PointeNoire

Zawya
6 days ago
- Business
- Zawya
Africa Global Logistics Advances Landmark Port Expansion Projects
Freight forwarding service Africa Global Logistics (AGL) recently secured €230 million in financing to expand the container terminal at the Port of Pointe Noire in the Republic of Congo, marking a major milestone in regional infrastructure development. The new 750-meter quay – scheduled for completion by 2027 – will double the terminal's capacity to 2.3 million containers annually and support the country's growing oil and LNG exports. The Pointe Noire project is being executed by AGL's subsidiary Congo Terminal in collaboration with engineering firm China Road and Bridge Corporation. Backed by both international and Congolese banks, the €400 million platform will include 26 hectares of quayside, a dredged 17-meter-deep basin, and the installation of 16 gantries. It forms a key part of Congo's strategy to boost hydrocarbon production to 500,000 barrels of oil per day and LNG output to 3 million tons per annum within five years. AGL will participate as a Diamond Sponsor at this year's African Energy Week (AEW): Invest in African Energies conference – taking place September 29 to October 3 in Cape Town. AEW: Invest in African Energies is the platform of choice for project operators, financiers, technology providers and government, and has emerged as the official place to sign deals in African energy. Visit for more information about this exciting event. In Angola, AGL also launched operations at its Lobito Terminal in March last year. The terminal – Angola's second-largest port hub – handles over one million tons of bulk cargo and more than 100,000 twenty-foot equivalent unit containers annually, with 730 employees operating deepwater berths and modern equipment. With €100 million in planned investment, the terminal connects to the 1,300-km Benguela railway and aims to become a vital gateway for copper, cobalt and agricultural exports from the Copperbelt region in Zambia and the Democratic Republic of Congo. The project comes at a pivotal time for Angola, which is preparing to bring several major energy developments online between 2025 and 2028. These include the Cabinda Oil Refinery in 2025, the Agogo Integrated West Hub development in late-2025, the Quiluma and Maboqueiro gas fields in 2026 and the Kaminho Deepwater Development in 2028. Meanwhile, in Ivory Coast, AGL is playing a vital role in Phase 2 of the Baleine offshore development - West Africa's first net-zero emissions project. In partnership with engineering firm Saipem, AGL began manufacturing critical subsea structures for the Baleine field in April 2024 at its Carena shipyard in Abidjan. The works include anchoring systems and underwater fixtures totaling over 200 tons, to be deployed in ultra-deep waters. AGL has mobilized 100 skilled local workers – including certified welders, painters and crane operators – reinforcing its commitment to local content, capacity building and sustainable energy infrastructure in Ivory Coast's rapidly growing oil and gas sector. AGL's recent activities in Africa align with its broader vision to support the continent's energy infrastructure. In addition to the Republic of Congo, Angola and Ivory Coast, the company is currently modernizing the Walvis Bay terminal in Namibia while playing a key role in major energy logistics across Mauritania, Senegal and Mozambique. AGL's Diamond Sponsorship at AEW: Invest in African Energies 2025 underscores its commitment to building robust, multimodal logistics systems that enable energy development and economic transformation across Africa. Distributed by APO Group on behalf of African Energy Chamber.
Yahoo
16-06-2025
- Business
- Yahoo
Perenco Congo invests in new Kombi 2 platform
Perenco Congo has announced an investment in the construction of the Kombi 2 platform to be installed on the Kombi-Likalala-Libondo II (KLL II) permit offshore Congo. The construction of the platform, including upcoming drilling phases, represents an investment of more $200m (£147.21m). The Kombi 2 platform is currently being built by Dixstone at the Nieuwdorp shipyard in the Netherlands. The platform is designed to recover approximately seven million cubic feet of gas per day, which will contribute to reducing the carbon footprint and optimising resource use. Additionally, it will generate electricity through two gas turbines connected to a 33kV electrical hub and enhance surface treatment to develop an additional ten million barrels of reserves. The platform is scheduled to leave the Netherlands in October 2025 and become operational in Pointe-Noire by early 2026. Perenco CEO Armel Simondin said: "This project demonstrates a solid, lasting partnership built on mutual trust. For over 20 years, Perenco has been working alongside the Republic of Congo to develop the country's resources while strengthening infrastructure, local expertise and energy sovereignty.' The project follows the renewal of the Ikalou II and Likouala II permits for an initial 20-year period, aimed at strengthening Perenco's presence in Congo. The renewal facilities a broader $900m investment plan comprising work-over campaigns, development drilling and the installation of advanced infrastructure. Perenco Congo's long-term vision supports the growth of the Congolese oil sector and aligns with the Congolese authorities' ambition for national production to reach 500,000 barrels of oil equivalent per day by 2030. Perenco Congo managing director Stéphane BARC added: "Kombi 2 is fully in line with our commitment to performance, operational safety and environmental responsibility. This new milestone demonstrates our ability to combine technical innovation, compliance with the most demanding standards and a direct contribution to the country's development." "Perenco Congo invests in new Kombi 2 platform" was originally created and published by Offshore Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data


Russia Today
05-06-2025
- Business
- Russia Today
Russia approves oil pipeline venture in African state
Russian lawmakers have approved an agreement with the Republic of the Congo to cooperate on the construction of an oil pipeline linking the Congolese port city of Pointe-Noire to the interior of the country. The decision was announced on Wednesday by the Russian Federation Council's press service. The agreement, which outlines the creation of a joint venture, was presented by Andrey Klimov, deputy chair of the Federation Council Committee on Foreign Affairs. Under the terms of the deal, authorized entities from both countries will form a joint company, with a 90% Russian stake. 'This joint venture will sign a contract with a Russian authorized organization for the pipeline's construction. Under a concession agreement, that same organization will also be responsible for securing commercial financing for the joint venture to carry out the pipeline construction,' Klimov explained. According to Valery Andrianov, an associate professor at the Financial University under the Government of the Russian Federation, the project is of strategic importance. He told Izvestia outlet that the pipeline will enable the efficient transport of petroleum products from Pointe-Noire, Congo's main port and economic hub, to fuel-scarce inland areas. He noted that fuel shortages have led to price surges and mounting public dissatisfaction in the African nation. 'Therefore, the construction of a new highway will solve an important socio-economic problem,' Izvestia reported, citing Andrianov. Russian President Vladimir Putin held talks with his Congolese counterpart, Denis Sassou Nguesso, in Moscow last month. The two leaders discussed strengthening cooperation across energy, trade, and infrastructure sectors. In an earlier interview with the African Initiative news agency, Nguesso said Congo was deepening energy cooperation with Russia and confirmed the pipeline as 'a major project.'