Congo in talks with Libya for oil & fuels imports
In the past few years, Libya has shown signs of a rich amount of oils & fuels. Libya has some potential reserves of oils and minerals. The Congo government is currently in regular talk with Libya to exploit this opportunity. Congo is looking to assist Libya in crude oil extraction from Libya and do imports in order to meet domestic demand. Congo and Libya are the most prominent importers of crude petroleum globally. In terms of mineral oils and fuels imports, Congo and Libya were respectively the 5th and 7th importers in the world. According to the global import export data , Libya has imported over $1.7 billion worth of mineral fuels and oils during FY 2022. The imports mostly came from Greece, Belgium, Netherlands, Cyprus and Italy. Whereas, Libya’s mineral fuels and oil exports were mostly to Spain, France, Italy, Ukraine and the Netherlands. Mineral fuels and oils are the major imports of Congo. It is the most imported product by Congo. Congo customs data shows that arou...