Oil-product supplies to the continent soared almost threefold in first five months of 2023, according to the Russian leader
Russian President Vladimir Putin delivers a speech during a plenary session of the 2nd Russia-Africa Summit and Economic and Humanitarian Forum at the ExpoForum Congress and Exhibition Center in St. Petersburg, Russia. © Sputnik/Pavel Bednyakov
Russian companies have been boosting energy deliveries to Africa and developing logistics and financial infrastructure for those supplies, President Vladimir Putin said on Thursday, addressing a plenary session of the Russia-Africa summit.
Moscow has in the past two years increased its exports of oil, petroleum products and Liquefied Natural Gas (LNG) to African countries by a factor of 2.6, the president stated. Supplies of oil products soared threefold in the first five months of this year to eight million tons.
Deputy Prime Minister of Russia Aleksandr Novak had said earlier that, in 2022, the country’s overall exports of oil to ‘friendly’ states grew by 76% in annual terms, and those of petroleum products by 20%. He also noted that, all told, almost 40 million tons of oil and petroleum products have been redirected from western to eastern markets last year.
The second Russia-Africa summit is taking place in the Russian city of St. Petersburg on July 27-28, with an economic and humanitarian forum to be held concurrently.
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