Russia seeks closer energy ties with African countries
Russia wants to expand existing energy cooperation with African countries, including on upstream oil and gas production projects as well as through OPEC+, officials said Oct. 27 and 28. Russian President Vladimir Putin said that Russia is already implementing more than 30 promising energy projects in 16 African countries, during the Russia-Africa Economic and Humanitarian ...
Russian President Vladimir Putin announced on Oct. 27 and 28 that Russia aims to deepen energy cooperation with African nations, including upstream oil and gas projects as part of OPEC+. During the Russia-Africa Economic and Humanitarian Forum in Moscow, Putin highlighted that Russia has already initiated over 30 energy projects in 16 African countries, emphasizing a shared goal of providing affordable, sustainable, and environmentally friendly energy sources for Africa.
Russian Energy Minister Sergey Tsivilyov stated that Russia is prepared to assist Africa in establishing hydrocarbon hubs, with logistical infrastructure necessary for the transportation of hydrocarbons to end consumers. Currently, Russia collaborates with eight African countries within the OPEC+ coalition, consisting of six OPEC members and two non-OPEC countries.
These African OPEC+ members collectively produced 4.48 million barrels per day in September. During a meeting with Putin, Mohamed al-Menfi, Chairman of the Presidential Council of Libya, expressed a desire for expanded Russian energy cooperation in Libya, particularly in the oil sector, despite ongoing security challenges. Putin reiterated Russia's commitment to global energy security during a recent meeting, referencing his attendance at the Gas Exporting Countries Forum summit in Moscow alongside OPEC+ leaders.
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