logo
African Refiners and Distributors Association (ARDA) Chief Executive Officer (CEO) to Speak at Congo Energy & Investment Forum (CEIF) 2025, Downstream Projects in Focus

African Refiners and Distributors Association (ARDA) Chief Executive Officer (CEO) to Speak at Congo Energy & Investment Forum (CEIF) 2025, Downstream Projects in Focus

Zawya13-03-2025

The Republic of Congo's commitment to reducing imports and driving electrification has positioned the country at the forefront of a robust intra-African oil and gas industry. As Africa undertakes a strategic approach to harmonizing fuels standards, coordinating regional regulations and expanding an inclusive downstream sector, Anibor Kragha, Executive Secretary and CEO of the African Refiners and Distributors Association (ARDA) will participate at the inaugural Congo Energy&Investment Forum (CEIF) this month in Brazzaville.
With the first 25 MW turbine of the Djeno Power Plant scheduled to commence operations in March 2024, the Republic of Congo is well positioned to modernize its downstream infrastructure and address energy insecurity in the country. Traditionally powered by oil, the plant – operated by Aksa Enerji – has been transitioned to natural gas, which is sourced from energy major Eni's Marine XII and M'Boundi fields.
The inaugural Congo Energy&Investment Forum, set for March 24-26, 2025, in Brazzaville, under the patronage of President Denis Sassou Nguesso and supported by the Ministry of Hydrocarbons and Société Nationale des Pétroles du Congo, will bring together international investors and local stakeholders to explore national and regional energy and infrastructure opportunities. The event will explore the latest gas-to-power projects and provide updates on ongoing expansions across the country.
The Congolaise de Raffinage (CORAF), a subsidiary of the state-owned Société Nationale des Pétroles du Congo (SNPC), operates the only refinery in Congo. Situated in Pointe-Noire, CORAF has an annual processing capacity of one million tons and refines crude oil into various products, including butane gas, gasoline, kerosene, light diesel and heavy fuel oil. This refinery meets roughly 70% of the nation's demand for refined petroleum products. Most of the crude oil processed at CORAF is supplied from the Djeno terminal, situated south of Pointe-Noire, which handles 95% of the country's oil production. The terminal is connected to the refinery by a 25km pipeline.
To meet the increasing domestic demand and reduce dependence on imports, the government has begun the construction of a new refinery in Fouta, near Pointe-Noire. This new facility, called the Atlantic Petrochemical Refinery, is being developed in collaboration with Chinese company Beijing Fortune Dingheng Investment, with an estimated investment of $600 million. The first phase of the project aims for a production capacity of 2.5 million tons per year, focusing on high-quality gasoline and diesel, as well as domestic products such as LPG, kerosene and fuel oil. Operations for the Atlantic Petrochemical Refinery are expected to begin by the end of 2025.
Highlighting the fundamental need to invest more heavily in downstream infrastructure, Kragha recently indicated that up to 60% of the African energy matrix will be fossil fuel driven by 2040. With a view to reducing petroleum imports and driving resource monetization throughout the continent, ARDA has noted that expanding the downstream sector will require coordinated regional regulations, market-based pricing and a focus on minimizing supply chain risks.
'Anibor Kragha's participation at the inaugural CEIF event is a key opportunity to gain valuable insights into the ongoing efforts to modernize Congo's energy and infrastructure sectors. Kragha brings a wealth of expertise and a unique perspective on the importance of upgrading downstream facilities to ensure energy security and sustainable development and his contributions will be instrumental in driving economic growth, enhancing energy access and advancing regional cooperation,' states Sandra Jeque, Events and Project Director at Energy Capital&Power.
Distributed by APO Group on behalf of Energy Capital&Power.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Gold gains on weaker dollar as US-China talks in focus
Gold gains on weaker dollar as US-China talks in focus

Gulf Today

time2 hours ago

  • Gulf Today

Gold gains on weaker dollar as US-China talks in focus

Gold prices rose on Monday, supported by a weaker US dollar ahead of U.S.-China trade talks aimed at resolving tensions, while platinum extended gains for a sixth straight session to scale a four-year peak. Spot gold rose 0.3 per cent to $3,318.76 an ounce, as of 1007 GMT, after dropping earlier in the session to $3,293.29, its lowest level since June 2. US gold futures fell 0.2 per cent to $3,339.70. The dollar fell 0.3 per cent against a basket of peers, making bullion cheaper for holders of other currencies. Investors recognise that drivers of gold, including trade and geopolitical tensions, debt concerns and weak economic growth, remain in place and should continue to support the metal in the months ahead, said Giovanni Staunovo, an analyst at UBS. US and Chinese officials will sit down in London on Monday for talks aimed at defusing the trade dispute between the two superpowers. Stronger-than-expected US non-farm payrolls data have led investors to scale back expectations for Federal Reserve rate cuts this year from two to one in October. Market attention will turn to US CPI data, due on Wednesday, for further clues on the Fed's monetary policy path. Gold, considered a safe-haven asset during political and economic uncertainty, tends to thrive in a low-rate environment. Meanwhile, China's central bank added gold to its reserves in May for the seventh straight month, official data showed. Reuters

Etihad, Ethiopian Airlines launch partnership
Etihad, Ethiopian Airlines launch partnership

Gulf Today

time2 hours ago

  • Gulf Today

Etihad, Ethiopian Airlines launch partnership

Etihad and Ethiopian Airlines activated their codeshare agreement, strengthening connectivity between Africa and Asia, Australia, and the Middle East. This bilateral partnership enhances global travel opportunities for guests, with seats available to book now. Ethiopian will start services from Addis Ababa Bole International Airport (ADD) to Zayed International Airport in Abu Dhabi (AUH) on July 15th, and Etihad Airways introducing daily flights to Addis Ababa starting 8th October. This is the first step ahead of the implementation of the groundbreaking Joint Venture agreed between Etihad and Ethiopian in March 2025 unlocking greater travel opportunities for passengers across both networks. The codeshare lets guests simplify their journeys by making a single booking with one check-in process at the start and the added convenience of having their baggage transferred to their final destination. Arik De, Etihad's Chief Revenue and Commercial Officer, said, 'By leveraging our combined networks, we are unlocking seamless travel opportunities between Africa and Asia, Australia, and the Middle East. Easy connections via Abu Dhabi and Addis Ababa, will enhance flexibility, boosting trade and tourism, and delivering unparalleled travel experiences to guests of both airlines.' Under this partnership, Etihad passengers will gain access to Ethiopian Airlines' extensive African network, with connections via Addis Ababa to 55 destinations across 33 countries, including Entebbe, Kinshasa, Kigali, Lusaka, Harare and Victoria Falls expanding their travel options across the continent. At the same time, Ethiopian Airlines passengers can book itineraries connecting to Etihad-operated flights through Abu Dhabi, with onward service to 20 key destinations across Asia, Australia, and the Middle East including Sydney, Krabi, Colombo and Phnom Penh. WAM

London stocks pull back as investors turn cautious ahead of US-China talks
London stocks pull back as investors turn cautious ahead of US-China talks

Al Etihad

time2 hours ago

  • Al Etihad

London stocks pull back as investors turn cautious ahead of US-China talks

9 June 2025 16:40 LONDON (REUTERS) London's benchmark index slipped on Monday after rounding off four weeks of gains, as caution prevailed ahead of much-awaited US-China talks later in the FTSE 100 was down 0.3%, while the mid-cap FTSE 250 was up 0.4%.Top officials from the US and China are scheduled to meet in London for talks that investors hope will indicate some progress in de-escalating trade tensions between the world's two biggest talks follow a phone call between the presidents of the two countries last week, in which they agreed to hold more talks amid a global trade war that has escalated from tit-for-tat tariffs to export finance minister Rachel Reeves will hold a meeting with Chinese vice premier, He Lifeng, without providing any details on the sectors were lower, with aerospace and defence stocks leading losses. They were down 0.9%, extending declines to a third session. Pharma stocks dipped 0.8%, as investors looked to book some stocks rounded off the previous week with gains, after a US jobs report allayed concerns of an economic slowdown in the world's biggest economy, despite a US tariff roller stocks, WPP slipped about 2% to bottom the FTSE 100. The ad group said its chief executive officer, Mark Read, would retire by the end of soared 70% to top the FTSE 250 after the scientific instruments maker said it has received a takeover proposal from private equity firm Advent, valuing its shares at 37.35 pounds per jumped 24% after US chipmaker Qualcomm agreed to acquire to semiconductor company for about $2.4 billion. M&G Investments gained 1.7% as UBS upgraded the stock to 'buy' from 'neutral'.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store