Oil, diamonds and nuclear power: Russia eyes Africa business

  • 📰 eNCA
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 51%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

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.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 49. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

......as buyers or another colonisation coming?

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

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.
Source: ewnupdates - 🏆 30. / 53 Read more »