Novak cited Nigeria as a promising partner for Russia in Africa, saying, “Our joint work within OPEC+ renders a decisive contribution to ensuring stability and predictability of the global oil market.

According to Pei Zhaoyu, the chief engineer of China’s Chang’e-8 mission, China and Russia are planning to build a nuclear power plant on the Moon to power the International Lunar Research Station (ILRS), a project they are developing together starting with the Chang’e-8 mission.

During the visit, the Malaysian delegation were shown Rosatom’s technologies at the Leningrad NPP and also visited the Atom Museum which shows the historical development of the Russia’s nuclear industry.

Vietnam approved an atomic power development plan in February, following a non-binding agreement on nuclear energy cooperation signed with Russia the month prior.

Africa’s population is expected to exceed 1 billion in the coming decades, positioning the continent as a major consumer of energy in the long term.

The BRICS energy alliance has launched a coordinated system of Petro-Yuan (Chinese RMB Yuan currency) oil contracts that directly challenges US dollar dominance in global energy markets.

Brent were down $2.08, or 2.9%, at $69.40 a barrel, WTI declined $2.03, or 3.0%, to $66.48 per barrel.

"Thus, Rosatom was identified as the leader of the international consortium for the project to build the first nuclear power plant in Kazakhstan."

Hungary and Slovakia decided to block the sanctions package in response to European Union plans to phase out Russian energy imports, the minister said.

In view of a steady global economic outlook and current healthy market fundamentals, as reflected in the low oil inventories, and in accordance with the decision agreed upon on 5 December 2024 to start a gradual and flexible return of the 2.2 million barrels per day voluntary adjustments starting from 1 April 2025, the eight participating countries will implement a production adjustment of 411 thousand barrels per day in July 2025 from June 2025 required production level.