News

Sochi Forum to Address Russian-African Cooperation in Energy Sector

One of the sessions of the Russia–Africa Economic Forum’s business programme will focus on ways for Russia and African countries to develop cooperation in the energy sector. The discussion will be attended by Deputy Minister of Energy of the Russian Federation Pavel Sorokin, Secretary General, Gas Exporting Countries Forum (GECF) Yury Sentyurin, Minister of Energy, Mines and Environment of the Kingdom of Morocco Aziz Rabbah, Minister of Mines and Hydrocarbons of the Republic of Equatorial Guinea Gabriel Mbaga Obiang Lima, Vice President of Transneft Mikhail Margelov, Group Chief Executive of Oando PLC Wale Tinubu, Group Chief Executive Officer, Group Managing Director of Notore Chemical Industries Plc Onajite Paul Okoloko.

“Through progressive development and reforms, African countries could become some of the largest economies in the world by 2050. Today it is important to lay a reliable foundation for the growth of the region’s energy sector and develop a future policy in the fuel and energy industry. The continent’s natural resources allow for taking the fuel and energy industry to a new level and building sustainable international partnerships in the energy sector,” Novak said.

The session participants will discuss how to utilize international partnerships to create a competitive landscape and increase efficiency as well as how the ‘green agenda’ will impact the development and diversification of investors as a guarantee for ongoing development.

The Russia–Africa Summit and Economic Forum will take place on 23–24 October in Sochi at the Sirius Park of Science and Art. The events are being organized by the Roscongress Foundation, and the co-organizers of the Russia–Africa Economic Forum are Russian Export Center and Afreximbank.

For a more detailed version of the Russia–Africa Economic Forum programme, please visit: https://summitafrica.ru/en/programm/

“We highly value the results of our joint work at the summit. I am sure the achieved results are creating a good foundation for further deepening the Russia-Africa partnership in the interests of our nations’ prosperity and wellbeing.”

President of the Russian Federation
Vladimir Putin

The Russia–Africa Summit, which is taking place in Sochi on 23–24 October 2019, encapsulates the historically friendly relations between the African continent and the Russian Federation. This Summit carries great significance as it is the first of its kind to emerge during a period of major global and international transformations. In response to the aspirations of the people it is representing, the Summit intends to build a comprehensive framework for expanding Russian–African relations into broader horizons of joint cooperation across different fields.

The African nations and Russia share a common understanding of international relations, based on the principles of respect for the rule of international law, equality, non-interference in the internal affairs of states, and the peaceful resolution of disputes. Both sides affirm their commitment to support multilateral actions to oppose new international threats, be they terrorism and extremism in all their forms, or declining growth rates. The two sides share a firm conviction regarding the importance of developing trade flows and supporting mutual investment in such a way as to ensure security, peace and development for the African and Russian people.

African countries have huge potential and opportunities that will allow them, once efforts to streamline their economies have been achieved, to emerge as real global players. In recent years, the nations of this continent have achieved major successes spanning the political, economic, social and administrative spheres. Africa has flourished in terms of growth over the past decade, reaching a continent-wide growth rate of 3.55% in 2018.

The African Union Summit, which was held in Niger in July 2019, continued the efforts of the African countries and saw the African Continental Free Trade Agreement come into force, along with its operational instruments. The agreement is one of the key objectives of Agenda 2063, an African development strategy that has been created to address the African people’s desire for prosperity and decent living standards.

These successes are opening up wide-ranging prospects for cooperation between African countries and the Russian Federation, and confirm the determination of African governments and their people to cooperate with multiple partners in order to establish mutually beneficial relations.

With this in mind, we express our hopes that the Russia–Africa Summit will help in the establishment of constructive strategic relations, based on partnership between two sides across various fields, and in the service of fulfilling the hopes and aspirations of the African people and their friends in Russia.

President of the Arab Republic of Egypt
Abdelfattah ALSISI