Oil, diamonds and nuclear power: Russia eyes Africa business

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While Russia has traditionally focused on arms and grain exports to Africa, it is now looking to broaden its activities and influence.

Here are four sectors likely to be discussed at the Russia-Africa Summit set for next Wednesday and Thursday in the Black Sea resort of Sochi.Russia is one of the world's top hydrocarbon producers and exporters through energy giants like Gazprom, Rosneft and Lukoil.

Russian-built nuclear power stations have a price advantage over Western competitors and its nuclear agency Rosatom offers, attractive financing deals to customer countries. The cost of $10-million to $20-million per plant could be prohibitive, but Rosatom says countries including Rwanda are showing"great interest" in smaller-capacity, less expensive nuclear power stations.Rich in mineral resources, Russia has significant expertise in extraction that could be deployed in other countries.

 

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Oil, diamonds and nuclear power: Russia eyes Africa businessRussia is one of the world's top hydrocarbon producers and exporters through energy giants like Gazprom, Rosneft and Lukoil.
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