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Spotlight

AFRICA

Ukraine war leaves Russia's Gazprom, Rosneft, Lukoil in limbo in Africa

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“Africa in the Russia-Ukraine war”

AFRICA RUSSIA UKRAINE

Africa in the Russia-Ukraine war

Despite taking place thousands of kilometres from Africa, Russia's invasion of Ukraine is having a substantial impact on the continent's economies and governments. Facing hurdles in the supply of grain, fertiliser and fuel, and starved of Russian investment, especially in mining projects, African countries are trying to adapt to the crisis while Moscow and Western countries are lobbying hard to bring them into line with their respective positions. [...]

The conflict in Ukraine will completely block Russian oil companies' access to European, American and Asian lenders. Finding alternative funding, in particular from China, will be difficult. [...] (803 words)

Issue dated 15/03/2022 Reading time 4 minutes

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Abdelmadjid Tebboune
Bowleven
BP
Chevron
ENI
ExxonMobil
Gabriel Obiang Lima
Gazprom
Igor Sechin
Litasco
Lukoil
Marathon Oil
New Age
Rosgeo
Rosgeologia
Rosneft
Sonatrach
Stroytransgaz
Vladimir Putin

Why Sonatrach's to blame for new block tender delay

Despite rising consumption and falling production of gas and oil, the Algerian energy ministry had to battle hydrocarbons giant Sonatrach to include several very promising blocks in an upcoming bid round. [...]

CONGO 12/04/2022

Sassou dampens gas export ambitions of ENI and its cumbersome partner Lukoil

The Italian major wants to things to move quickly on its LNG export project in Congo and has already secured the legal changes needed to export gas from the Marine XII permit it owns with Russia's Lukoil. [...]

WEST AFRICA RUSSIA 17/03/2022

Will Russian deputy foreign minister Bogdanov stick to West Africa tour as planned?

While its attention is focused on the war in Ukraine, the Kremlin is still taking care of its African networks, some of which are being used to help wage its diplomatic and media offensive against Kyiv. [...]

Russian Deputy Foreign Minister for Africa and the Middle East, Mikhail Bogdanov. © Russian Embassy in Benin and Togo

An oil tanker belonging to Russian company Somkovflot. © Somkovflot

Spotlight

AFRICA 10/03/2022

As sanctions bite, oil traders Glencore, Gunvor and others on deck with plan B

Until now, all firms selling petroleum products in West and Central Africa were partly supplied by Russia. But since the US slapped sanctions on Russian fuels, these companies are urgently having to review their supply schedules. [...]

EQUATORIAL GUINEA 21/09/2021

What really happened when Biya met oil minister Obiang

Equatorial Guinea is deeply frustrated with Cameroon's nearly stagnant oil sector, which is hampering its plans to develop oil fields straddling the border between the two neighbours with the view to fuel Maputo's EGLNG facility. [...]

President of Cameroon Paul Biya (right) hosts Equatorial Guinea's oil minister Gabriel Obiang Lima on 13 September in Yaoundé. © Twitter/Paul Biya

Spotlight

AFRICA RUSSIA SOUTH AFRICA 22/10/2020

Geo services giant RosGeo falls short of Putin's expectations in power struggle with China and US

State-owned Russian geological services group RosGeo has been trying for several years to develop its interests in Africa to counter the success of its Chinese and American rivals. So far, however, the group has failed to turn its vague African cooperation agreements into concrete projects. [...]

CONGO 14/05/2019

And the winner of New Age's Marine XII shares is...

According to our sources, Russian firm Lukoil is expected to secure New Age's 25% stake in Marine XII, Congo-B offshore. [...]

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Abdelmadjid Tebboune
Bowleven
BP
Chevron
ENI
ExxonMobil
Gabriel Obiang Lima
Gazprom
Igor Sechin
Litasco
Lukoil
Marathon Oil
New Age
Rosgeo
Rosgeologia
Rosneft
Sonatrach
Stroytransgaz
Vladimir Putin

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Ukraine war leaves Russia's Gazprom, Rosneft, Lukoil in limbo in Africa

Africa in the Russia-Ukraine war

This article may be accessed by subscribers and e-wallet holders (USD 19.50)

2 options offered to continue reading

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Receive free prompts for these topics

Why Sonatrach's to blame for new block tender delay

Sassou dampens gas export ambitions of ENI and its cumbersome partner Lukoil

Will Russian deputy foreign minister Bogdanov stick to West Africa tour as planned?

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What really happened when Biya met oil minister Obiang

Geo services giant RosGeo falls short of Putin's expectations in power struggle with China and US

And the winner of New Age's Marine XII shares is...

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Ukraine war leaves Russia's Gazprom, Rosneft, Lukoil in limbo in Africa

Africa in the Russia-Ukraine war

This article may be accessed by subscribers and e-wallet holders (USD 19.50)

2 options offered to continue reading

Create your free account

create a free account

Receive free prompts for these topics

Why Sonatrach's to blame for new block tender delay

Sassou dampens gas export ambitions of ENI and its cumbersome partner Lukoil

Will Russian deputy foreign minister Bogdanov stick to West Africa tour as planned?

As sanctions bite, oil traders Glencore, Gunvor and others on deck with plan B

What really happened when Biya met oil minister Obiang

Geo services giant RosGeo falls short of Putin's expectations in power struggle with China and US

And the winner of New Age's Marine XII shares is...

Receive free prompts for these topics

First visit

Contacts

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Follow us

A website produced by

Indigo Publications also publishes: