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REFILE-African consultancy says Russia has not delivered on oil and gas promises

Published 13/11/2020, 12:54
© Reuters.
BANE
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GAZP
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ROSN
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(Adds dropped word in first paragraph)
MOSCOW, Nov 13 (Reuters) - Russian companies have so far
failed to deliver on their promises to exploit Africa's vast
energy resources and the global pandemic should not be used as
an excuse for slowing their expansion, an energy consultancy
said.
Just over a year ago, Russia held its first African summit
as President Vladimir Putin stepped up Moscow's push for
influence on the continent.
"I think Russian companies have to do more to really get
involved. Africans want to get married, Russians want just to
date," NJ Ayuk, the head of the African Energy Chamber, told an
online conference this week.
"There were lots of promises at this summit, there have been
lots of memorandums of understanding (MOUs). But we are yet to
see those MOUs being executed. Gazprom GAZP.MM , Rosneft
ROSN.MM , Bashneft BANE.MM and others had a chance to make a
real impact ... They have to do more."
Russia remains the top seller of arms to Africa. However, it
has struggled to expand in other spheres of business and it is
way behind China in terms of trading turnover in the region.
During the Cold War, Moscow developed close ties with many
African countries, backing for instance post-colonial
independence movements. Many of those ties lapsed after the 1991
break up of the Soviet Union.
Rosneft has a MOU with Mozambique, while Lukoil signed a MOU
with the Nigerian National Petroleum Corporation at the summit.
Gazprom declined to comment. Rosneft and Lukoil did not
respond to requests for comment.

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