Speaking to African heads of state and representatives from Russian, African, and international business and government agencies, Rosatom Director General Alexey Likhachov yesterday emphasised the benefits of nuclear energy in job creation and regional economic development. At the Russia-Africa Summit in Sochi, Russia, Likhachov said global inequality in technological, industrial and socio-economic development was "acutely felt" in Africa.

“Ценим сложившийся энергетический диалог между Россией и Алжиром как в двустороннем, так и в многостороннем формате, в частности, по линии ОПЕК + и Форум стран-экспортеров газа”, - подчеркнул Министр энергетики.

Россия и Египет ведут тесное и долгосрочное сотрудничество в сфере энергетики, как в двустороннем, так и многостороннем форматах, в том числе по линии Форума стран-экспортеров газа (ФСЭГ), отметил по итогам переговоров глава Минэнерго России Александр Новак.

President Vladimir Putin will host the Russia-Africa Summit in Sochi this week as Russia looks to expand its footprint in Africa.

Африка переживает период очень высокой активности в добыче полезных ископаемых – прежде всего золота и нефти. Эти усилия могут дать огромный импульс экономике региона, но для их правильного применения необходимо провести большую работу – это не только вопрос технологий, но и защиты инвестиций, формирования законодательства и общего снижения рисков предпринимательства.

Global growth is forecast at 3.0 percent for 2019, its lowest level since 2008–09 and a 0.3 percentage point downgrade from the April 2019 World Economic Outlook.

Товарооборот России и Арабской Республики Египет достиг рекордного уровня за всю историю российско-египетских отношений – почти 7,7 млрд долларов.

the U.S. Energy Information Administration (EIA) projects that world energy consumption will grow by nearly 50% between 2018 and 2050. Most of this growth comes from countries that are not in the Organization for Economic Cooperation and Development (OECD), and this growth is focused in regions where strong economic growth is driving demand, particularly in Asia.

Though trade between Venezuela and Cuba has not ceased amid sanctions, the flow of PDVSA’s oil has been insufficient to keep the Communist-ruled island well-supplied. Cubans have faced long lines at gas stations and for public transportation amid lack of vessels to receive imports.

Egypt’s Ministry of Planning said the total investments targeted for the electricity sector during the fiscal year 19-2020 was estimated at 111.9 billion pounds ($6.8 billion), equivalent to 9.6 percent of the total investments.

Egypt’s Ministry of Planning said the total investments targeted for the electricity sector during the fiscal year 19-2020 was estimated at 111.9 billion pounds ($6.8 billion), equivalent to 9.6 percent of the total investments.

The Bab el-Mandeb Strait is a sea route chokepoint between the Horn of Africa and the Middle East, connecting the Red Sea to the Gulf of Aden and Arabian Sea. Most exports of petroleum and natural gas from the Persian Gulf that transit the Suez Canal or the SUMED Pipeline pass through both the Bab el-Mandeb and the Strait of Hormuz.

In H1 2019, the production on the Zohr field amounted to 11.3 bcm of gas, which is 3.6 times more than in the same period last year.

Oil, gas and petrochemical projects, valued at more than US $859 billion, are either underway or planned in the Middle East and North Africa, MENA, of these US $283 billion are projects are being implemented, as the region gets ready to meet the forecast increases in demand for energy over the next two decades.

The Suez Canal and the SUMED Pipeline are strategic routes for Persian Gulf crude oil, petroleum products, and liquefied natural gas (LNG) shipments to Europe and North America.