Moscow — President Vladimir Putin said Friday that Russia is planning to increase its involvement in developing energy projects in Africa, during the tenth BRICS Summit in Johannesburg.
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Register NowHis comments come after Russian oil and gas producers, including Rosneft and Rosgeologia, signed several new agreements to explore and develop hydrocarbons on the continent in recent months.
"In particular I would like to note that Russia plans to increase its assistance in developing the energy sectors of African countries, with a number of countries such as Angola, Mozambique and Gabon. We are developing promising oil and gas projects," Putin said.
Putin added that he is planning to discuss organizing a Russia-Africa summit with leaders in the region.
Russia is also planning to boost its cooperation on nuclear energy plants in Africa, Putin. said.
"We are offering to create an entire turnkey industry for our African partners. We have signed a number of agreements on nuclear energy with countries in the region, and some are already reaching the implementation stage," Putin said.
--Rosemary Griffin, rosemary.griffin@spglobal.com
--Edited by Jonathan Dart, jonathan.dart@spglobal.com