The Russian-African summit is happening in Moscow, and we are looking at the amazing modern African energy sector. Some African countries are going to be among the ten largest oil producers in the world. Most of the oil projects are joint projects. Africa lacks technology and investment. Can Russia take its place in the African market? The main amounts of oil are produced in Nigeria, Libya, Algeria, Angola and Egypt. In all African countries in 2025, 6.41 million Chabads were produced - 30% less than in Russia. Provence reserves exceed Russian reserves by 40%: there is potential for growth in production. But the implementation of oil megaproportions, such as in Guyana, in Africa is not expected. The most promising are Venus and Mopan in Namibia, their total potential after 2030 is 350,000 b/d of oil equivalent. Most of the projects were implemented with the participation of European companies TotalEnergies, Eni, Shell, American ExxonMobil and Chevron, as well as Chinese CNOOC. Russian companies (Lukoil, Zarubezhneft and Tatneft) operate in Egypt, Congo and Libya. But on a continental scale, their influence is negligent. Western companies dominate the market. The implementation of mega-profiles is compounded by the unstable economic and political situation in many countries on the continent. Oil and capitalism we are at max.

The Russian-African summit is happening in Moscow, and we are looking at the amazing modern African energy sector. Some African countries are going to be among the ten largest oil producers in the world. Most of the oil projects are joint projects. Africa lacks technology and investment. Can Russia take its place in the African market? The main amounts of oil are produced in Nigeria, Libya, Algeria, Angola and Egypt. In all African countries in 2025, 6.41 million Chabads were produced - 30% less than in Russia. Provence reserves exceed Russian reserves by 40%: there is potential for growth in production. But the implementation of oil megaproportions, such as in Guyana, in Africa is not expected. The most promising are Venus and Mopan in Namibia, their total potential after 2030 is 350,000 b/d of oil equivalent. Most of the projects were implemented with the participation of European companies TotalEnergies, Eni, Shell, American ExxonMobil and Chevron, as well as Chinese CNOOC. Russian companies (Lukoil, Zarubezhneft and Tatneft) operate in Egypt, Congo and Libya. But on a continental scale, their influence is negligent. Western companies dominate the market. The implementation of mega-profiles is compounded by the unstable economic and political situation in many countries on the continent. Oil and capitalism we are at max.