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Mandatario angoleño asiste a investidura de presidente del Congo
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Congo: President Nguesso s frantic efforts to woo the electorate ahead polls
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The 2.5 million tons per year facilty will cost $600m. Named Atlantic Petrochemical Refinery, this unit will be built on 240 hectares and must officially offer more than 5,000 direct and indirect jobs.
It aims to diversify and consolidate the industrial fabric of the country which depends essentially on oil, its first source of export.
The project follows an investment agreement concluded in 2020 between the Congolese government and the Beijing fortune Dingheng investment Co Ltd.
The amount of the contract is 600 million dollars, according to a parliamentary source contacted by AFP, but who did not wish to comment on Brazzaville s share of the construction bill.