Latest news with #DmitryIslamov
India Gazette
14 hours ago
- Business
- India Gazette
Russia eyes Africa as major coal export market
The continent could become one of the top three destinations for the resources, a Russian Energy Ministry official has said Africa has the potential to become a major market for Russian coal exports and could rank third after China and India in terms of supply volumes, Russian Deputy Energy Minister Dmitry Islamov has said in an interview with TASS. The minister noted that Africa's population is expected to exceed 1 billion in the coming decades, positioning the continent as a major consumer of energy in the long term. According to Islamov, China is currently the leading buyer of Russian coal, with Moscow planning to increase its share of the Chinese market from 25% to 33% in the future. He said China is primarily a destination for thermal coal, which is used in power generation, while India serves as a key buyer of coking coal, a vital component in steel production. "We need all directions - east, northwest and south," Islamov said, adding that "the third region in terms of potential is Africa, where more than 1 billion people will live in the coming decades." The comments come after Russian President Vladimir Putin approved new measures in May to support the coal industry. The government's plan includes financial recovery for coal enterprises and reduced transportation costs, business daily Kommersant reported. READ MORE: Russia and Mali sign nuclear energy deal Russia has strengthened its energy cooperation with several African countries in recent years. At the 2023 Russia-Africa Summit in St. Petersburg, Putin announced that more than 30 energy projects with a combined capacity of approximately 3.7 gigawatts were ongoing across the continent. The initiatives, according to the president, span oil and gas field development in countries including Algeria, Egypt, Cameroon, Nigeria, and the Republic of the Congo. Russian companies have also explored energy partnerships in South Africa, Angola, and Zimbabwe, particularly in coal logistics, power infrastructure, and industrial development. Last week, Rosatom and Mali signed an agreement to expand cooperation in the peaceful use of nuclear energy, just days after the Russian state nuclear corporation concluded a similar deal with Burkina Faso. The agreements cover infrastructure development, joint projects in healthcare and agriculture, and the training of specialists from both Sahel states. Rosatom is also building Egypt's first nuclear power plant at El Dabaa, a flagship energy project launched in 2017 and jointly financed by Moscow and Cairo, with Russia set to supply nuclear fuel throughout the plant's operational life.
Russia Today
16 hours ago
- Business
- Russia Today
Russia eyes Africa as major coal export market
Africa has the potential to become a major market for Russian coal exports and could rank third after China and India in terms of supply volumes, Russian Deputy Energy Minister Dmitry Islamov has said in an interview with TASS. The minister noted that Africa's population is expected to exceed 1 billion in the coming decades, positioning the continent as a major consumer of energy in the long term. According to Islamov, China is currently the leading buyer of Russian coal, with Moscow planning to increase its share of the Chinese market from 25% to 33% in the future. He said China is primarily a destination for thermal coal, which is used in power generation, while India serves as a key buyer of coking coal, a vital component in steel production. 'We need all directions – east, northwest and south,' Islamov said, adding that 'the third region in terms of potential is Africa, where more than 1 billion people will live in the coming decades.' The comments come after Russian President Vladimir Putin approved new measures in May to support the coal industry. The government's plan includes financial recovery for coal enterprises and reduced transportation costs, business daily Kommersant reported. Russia has strengthened its energy cooperation with several African countries in recent years. At the 2023 Russia-Africa Summit in St. Petersburg, Putin announced that more than 30 energy projects with a combined capacity of approximately 3.7 gigawatts were ongoing across the continent. The initiatives, according to the president, span oil and gas field development in countries including Algeria, Egypt, Cameroon, Nigeria, and the Republic of the Congo. Russian companies have also explored energy partnerships in South Africa, Angola, and Zimbabwe, particularly in coal logistics, power infrastructure, and industrial development. Last week, Rosatom and Mali signed an agreement to expand cooperation in the peaceful use of nuclear energy, just days after the Russian state nuclear corporation concluded a similar deal with Burkina Faso. The agreements cover infrastructure development, joint projects in healthcare and agriculture, and the training of specialists from both Sahel states. Rosatom is also building Egypt's first nuclear power plant at El Dabaa, a flagship energy project launched in 2017 and jointly financed by Moscow and Cairo, with Russia set to supply nuclear fuel throughout the plant's operational life.
Business Insider
09-06-2025
- Business
- Business Insider
Russian president Vladimir Putin stamps his approval on the Russian-Congo oil pipeline
Russia and the Republic of Congo have enjoyed a growing relationship in recent years, which appears to be strengthening, as evidenced by a recent agreement between the two countries, spearheaded by Russian President Vladimir Putin. Russia and the Republic of Congo have entered into a collaborative agreement for constructing the Pointe-Noire-Loutete-Maloukou-Trechot petroleum pipeline. The project, ratified into law by President Vladimir Putin, aims to bolster the energy security of Congo and establish a sanctions-resistant distribution channel. Construction of the pipeline is projected to span 3 years, with an operational lifespan between 30 and 40 years. Russian president Vladimir Putin recently ratified a deal to work with the Congo on building the Pointe-Noire-Loutete-Maloukou-Trechot petroleum product pipeline in the African nation by signing a bill into law. The project links Loutété, Maloukou, and the coastline of Pointe-Noire, three Congolese towns. The agreement was initially signed on September 28, 2024, in Moscow, Russia's capital. According to Russian Deputy Energy Minister Dmitry Islamov, the deal aims to help make Russia the region's vital energy security partner while building a sanctions-proof petroleum product delivery route, as reported by Interfax. "The implementation of the agreement will enable the Congo to ensure uninterrupted and stable supplies of petroleum products to the capital region, reduce logistics costs, gain the status of a key player in ensuring the region's energy security - including the Democratic Republic of the Congo and the Central African Republic - and create additional jobs," Islamov said while presenting the bill to the State Duma. "For Russia, this means expanding high-tech exports, creating an additional sanctions-resistant petroleum products distribution channel, and securing status as the region's strategic energy security partner," he added. Back in April, the Congolese National Assembly approved the project. Following that, the Russian State Duma ratified the agreement on the construction, as the deadline for the project was disclosed by Deputy Minister of Energy Dmitry Islamov. The deputy minister also added that the project would be completed in 3 years and its operations would last between 30 to 40 years. Russia and Congo Back in July 2024, Russia and Congo agreed to cooperate in hydropower and peaceful nuclear energy. Later that year, they reached a provision agreement to construct the oil pipeline mentioned above. According to the Congolese government, a joint venture would be formed to build the pipeline, with Russia owning 90% of the company.
