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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"

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This section contains economy and business opportunities and from Congo.
Congo Economy Congolese Economy, business opportunities in Congo.
Summary:
National Consultant Responsible For Supporting Coordination
Country:
Congo Republic of
 
Notice Type:
Tender Notice
Deadline:
08 Apr 2024
Posting Date:
27 Mar 2024
 
 
 
Summary:
Consultant (E) Expert (E) In Communication
Country:
Congo Republic of
 
Notice Type:
Tender Notice
Deadline:
08 Apr 2024
Posting Date:
27 Mar 2024
 
 
 
Summary:
Consultant Team In Charge Of Collecting Mining Data
Country:
Congo Republic of
 
Notice Type:
Tender Notice
Deadline:
28 Mar 2024
Posting Date:
27 Mar 2024
 
 
 
Summary:
Expert In Naval Fleet Management And A Legal Expert
Country:
Congo Republic of
 
Notice Type:
Tender Notice
Deadline:
08 Apr 2024
Posting Date:
26 Mar 2024
 
 
 
Summary:
Construction And Rehabilitation Work On Classrooms And Latrine Blocks In 25 Schools In The Plteaux And Cuvette-Ouest Departments In The Republic Of Congo Open New Window
Country:
Congo Republic of
 
Notice Type:
Tender Notice
Deadline:
08 Apr 2024
Posting Date:
21 Mar 2024
 
 
 
Summary:
Recruitment of two individual consultants Specialists in environmental and social safeguards and conflict monitoring for the two Provincial Coordination Units of South Kivu and Ituri of the STAR EST Project
Country:
Congo Republic of
 
Notice Type:
Tender Notice
Deadline:
03 Apr 2024
Posting Date:
21 Mar 2024
 
 
 
Summary:
Recruitment of an individual consultant responsible for internal audit within the STAR EST Project Coordination Unit
Country:
Congo Republic of
 
Notice Type:
Tender Notice
Deadline:
03 Apr 2024
Posting Date:
21 Mar 2024
 
 
 
Summary:
Acquisition of computer equipment for the benefit of plate services for the use of LOGIRAD
Country:
Congo Republic of
 
Notice Type:
Tender Notice
Deadline:
25 Apr 2024
Posting Date:
21 Mar 2024
 
 
 
Summary:
Carrying Out A Study On The Socio-Demographic And Economic Profile
Country:
Congo Republic of
 
Notice Type:
Tender Notice
Deadline:
08 Apr 2024
Posting Date:
20 Mar 2024
 
 
 
Summary:
Selection Of An Agency Providing Welcome And Or Event Services For The 74Th Session Of The Who Regional Committee For Africa (Rc74) Scheduled In Brazzaville Republic Open New Window
Country:
Congo Republic of
 
Notice Type:
Tender Notice
Deadline:
01 Apr 2024
Posting Date:
18 Mar 2024