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Economy of Congo and business opportunities

Economy of Republic of Congo

The economy of the Republic of the Congo is a mixture of subsistence hunting and agriculture, an industrial sector based largely on petroleum extraction and support services, and a government spending, characterized by budget problems and overstaffing. Petroleum has supplanted forestry as the mainstay of the economy, providing a major share of government revenues and exports. Nowadays the country is increasingly converting natural gas to electricity rather than burning it, greatly improving energy prospects.

Petroleum

The Congo's growing petroleum sector is by far the country's major revenue earner. In the early 1980s, rapidly rising oil revenues enabled the government to finance large-scale development projects with GDP growth averaging 5% annually, one of the highest rates in Africa. However, the government has mortgaged a substantial portion of its oil earnings, contributing to the government's shortage of revenues. The Congolese oil sector is dominated by the French parastatal oil company Elf Aquitaine, which accounts for 70% of the country's annual oil production. In second position is the Italian oil firm eni. Chevron, independent CMS Nomeco, and Exxon Mobil are among the American companies active in petroleum exploration or production. Following recent discoveries and oil fields currently under development, Congo's oil production is expected to continue to rise significantly in the next few years.

This article is licensed under the GNU Free Documentation License. It uses material from the Wikipedia article "Economy Of Congo"

Global Tenders has one of the largest database of international and national tenders/competitive bids, procurement news, project information, contract awards, related to Congo from all over the world..

This section contains economy and business opportunities and from Congo.
Congo Economy Congolese Economy, business opportunities in Congo.
Summary:
Sitc Of Twenty (20) Solar Water Pumps In The Democratic Republic Of Congo Open New Window
Country:
Congo Republic of
 
Notice Type:
Tender Notice
Deadline:
20 May 2024
Posting Date:
30 Apr 2024
 
 
 
Summary:
Supply, Delivery, Unloading, Installation, Configuration, Commissioning & After-Sales Service Of Computer Hardware And Software - Specific Parj2 Commitment
Country:
Congo Republic of
 
Notice Type:
Tender Notice
Deadline:
17 Jun 2024
Posting Date:
20 Apr 2024
 
 
 
Summary:
Work To Repair The Exterior Paint Of The Main Building, Common Areas And The Exterior Estate Of The Headquarters Of The Who Regional Office For Africa Open New Window
Country:
Congo Republic of
 
Notice Type:
Tender Notice
Deadline:
02 May 2024
Posting Date:
19 Apr 2024
 
 
 
Summary:
Floor Covering Work In Pnlt P2 Laboratory In Epoxy Resin Open New Window
Country:
Congo Republic of
 
Notice Type:
Tender Notice
Deadline:
28 Apr 2024
Posting Date:
16 Apr 2024
 
 
 
Summary:
Selection Of A Company To Provide, Install And Manage A Digital Conference System For The 74Th Session Of The Who Regional Committee For Africa Open New Window
Country:
Congo Republic of
 
Notice Type:
Tender Notice
Deadline:
29 Apr 2024
Posting Date:
15 Apr 2024
 
 
 
Summary:
Technical study for the development of market gardening sites and supply of DAOs
Country:
Congo Republic of
 
Notice Type:
Tender Notice
Deadline:
07 May 2024
Posting Date:
08 Apr 2024
 
 
 
Summary:
Sélection de consultants pour le recrutement d'une Agence de Communication
Country:
Congo Republic of
 
Notice Type:
Tender Notice
Deadline:
14 May 2024
Posting Date:
28 Mar 2024
 
 
 
Summary:
Call For Tenders For The Selection Of Transporters On Behalf Of The Atlas Logistics Project
Country:
Congo Republic of
 
Notice Type:
Tender Notice
Deadline:
31 May 2024
Posting Date:
01 Mar 2024
 
 
 
Summary:
Cg-Republic Of Congo, Kobikisa Health System Strengthening Project -- P167890
Country:
Congo Republic of
 
Notice Type:
Procurement Plan
Deadline:
25 Jan 2025
Posting Date:
27 Jan 2024
 
 
 
Summary:
Cg-Rep. Lisungi Safety Nets System Project -- P145263
Country:
Congo Republic of
 
Notice Type:
Procurement Plan
Deadline:
24 Jan 2025
Posting Date:
26 Jan 2024
 
 
 

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