Republic of Congo

Republic of Congo

July 16, 2008 12:46 ET

Republic of Congo Announces Gas Supply to Support Electrification and Industrialization

BRAZZAVILLE, REPUBLIC OF CONGO--(Marketwire - July 16, 2008) - An important meeting occurred on June 7, 2008, in Milan Italy, bringing around the same table, a delegation from the Congolese government, management and technical experts from ENI-Congo S.A. and MagIndustries, of which MagAlloy is the Congo based subsidiary for the exploitation of potash.

The Congolese government was represented by Mr. Pierre Oba, the Minister of Mines, the Mining Industry and Geology and by Mr. Bruno-Richard Itoua, the Minister of Energy and Hydraulics, accompanied by their experts.

The purpose of the meetings was to re-evaluate the natural gas produced as a result of ENI-Congo S.A.'s activities in Congo, looking toward making electricity accessible for civil use and gas as a means to stimulate industrial development in Congo.

The Congolese government is pleased with the importance and the significance of the conclusions of these meetings - which it considers to be decisive steps toward ending the flaring of natural gas and toward the controlled production of this energy source.

ENI-Congo S.A. confirmed the availability of natural gas in quantity and quality sufficient to fuel the thermo-electric plant at Djeno and to supply companies participating in the industrial development of Congo.

Three objectives pursued by the President of the Republic will be attained:

- the supply of electricity of good quality to the general population at a good price

- making electricity available for industrial companies in Congo

- the management of gas production and its application as a stimulus for industrial development, which is additionally the key to eliminating flaring, contributing to international efforts in the fight against pollution and global warming.

In terms of industrial development, the Congolese government notes with interest, the availability of natural gas announced by ENI-Congo S.A. as benefit for MagAlloy in its sure progress on its potash production project.

The return of this industrial activity to Congo is a point of satisfaction for both the government and the Congolese people, above all at a time where the food crisis calls for the urgent production of fertilizer. With this industry, Congo will contribute to the struggle for universal food security, which was highlighted by President Denis Sassou Nguesso in his address to the conference on food security in Rome on June 4, 2008. The government of Congo supports without reserve the important MagAlloy project which carries the hopes of diverse sectors of Congolese society. To that end, the Governmant of Congo will spare no effort toward the harmonious and happy realization of this project.

Contact Information

  • Republic of Congo
    Pierre Oba
    Minister of Mines, the Mining Industry and Geology
    242-551-3302