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Constituting 90% of exports and 70% of GDP, hydrocarbon sector remains vital

Article - May 11, 2015

Increasing exports and forging international partnerships are key to the sector’s development

Although diversifying away from oil-dependency, the country remains keen on attracting investment and making the most of the opportunities that the oil and gas sector provides. With 62% of the country’s economy based on oil, increasing efficient exploitation remains a lucrative business while developing the customer base for related products also offers opportunities for international investors.

Deepwater sites have been explored and rigs constructed, and the Central African nation is also home to large oil sands deposits, with foreign companies including Italian outfit Eni recently exploring the feasibility of extraction, which could mark the first such project in Africa. A deepwater port and investment in maritime infrastructure is turning the country into the gateway to the Central Africa region and also provides an outlet for its oil and gas-related products to reach new markets.

With around 80% of its fiscal revenues relying on oil and gas, the sector remains a key element for the country’s future and attempts to increase international partnerships are growing. Nearly 85% of the Republic of the Congo’s exports to the U.S. are derived from oil, and there are ongoing explorations of new areas to tap resources from. At the same time, logistical developments across the country are increasing the number of destinations for a growing number of hydrocarbon-related products making their way to markets around the world.

COMPANY DATABASESee all Database >

ABLIC Inc.

Manufacturing, Japan

Atago Ltd.

Manufacturing, Japan

UNIFLOW CO., LTD.

Manufacturing, Japan

LEADER DATABASESee all Database >

Nobumasa Ishiai

President and CEO, ABLIC Inc. Senior Managing Executive Officer, MinebeaMitsumi Inc. (Parent Company of ABLIC)
ABLIC Inc.

HIROSHI KOYAMA

MANAGING DIRECTOR
JUJO CHEMICAL CO., LTD.

Yoshihiko Hirano

President & CEO
Hirano Steel Co.,Ltd.

Yorifusa Wakabayashi

President and Representative Director, Chief Executive Officer
DAIO PAPER CORPORATION

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