Congo, Mozambique sign energy cooperation deal to support oil and gas development

Congo and Mozambique signed a hydrocarbons cooperation agreement during President Daniel Chapo’s visit to Brazzaville. Congo aims to increase oil output to 500,000 barrels per day, while Mozambique expects up to $60 billion in gas investments. Bilateral trade totaled just $20 million in 2024, highlighting the limited scale of current economic ties. The Republic of… Source

Congo, Mozambique sign energy cooperation deal to support oil and gas development
Congo and Mozambique signed a hydrocarbons cooperation agreement during President Daniel Chapo’s visit to Brazzaville. Congo aims to increase oil output to 500,000 barrels per day, while Mozambique expects up to $60 billion in gas investments. Bilateral trade totaled just $20 million in 2024, highlighting the limited scale of current economic ties. The Republic of…

Source