The Russia-Africa summit is taking place in Moscow. Let's look at what is amazing about modern African energy. Some African countries are on the verge of becoming one of the 10 largest oil producers in the world. And most of the oil projects are joint ventures. African countries lack their own technologies and investments. Will Russia be able to take its place in the African market? The main quantities of oil are produced in Nigeria, Libya, Algeria, Angola and Egypt. All African countries will produce 6.41 million B/D in 2025 - 30% less than in Russia. And the proven reserves exceed the Russian ones by 40%: there is potential for increased production. But the implementation of oil mega-projects, for example, as in Guyana, is not expected in Africa. The most promising of them are Venus and Mofen in Namibia, their total potential after 2030 is 350 thousand balls per day of oil equivalent. Most of the projects are implemented with the participation of the European companies TotalEnergies, I, Shell, the American ExxonMobil and Chevron, as well as the Chinese CNOOC. Russian companies (Lukoil, Zarubzhneft and Tatneft) work in Egypt, Congo and Libya. But on a continental scale, their influence is insignificant - Western companies dominate the market. And the implementation of mega-projects is complicated by the unstable economic and political situation in many countries on the continent. Oil and capital we are in Max.

The Russia-Africa summit is taking place in Moscow. Let's look at what is amazing about modern African energy. Some African countries are on the verge of becoming one of the 10 largest oil producers in the world. And most of the oil projects are joint ventures. African countries lack their own technologies and investments. Will Russia be able to take its place in the African market? The main quantities of oil are produced in Nigeria, Libya, Algeria, Angola and Egypt. All African countries will produce 6.41 million B/D in 2025 - 30% less than in Russia. And the proven reserves exceed the Russian ones by 40%: there is potential for increased production. But the implementation of oil mega-projects, for example, as in Guyana, is not expected in Africa. The most promising of them are Venus and Mofen in Namibia, their total potential after 2030 is 350 thousand balls per day of oil equivalent. Most of the projects are implemented with the participation of the European companies TotalEnergies, I, Shell, the American ExxonMobil and Chevron, as well as the Chinese CNOOC. Russian companies (Lukoil, Zarubzhneft and Tatneft) work in Egypt, Congo and Libya. But on a continental scale, their influence is insignificant - Western companies dominate the market. And the implementation of mega-projects is complicated by the unstable economic and political situation in many countries on the continent. Oil and capital we are in Max.