Europeans want to return to the implementation of projects that were previously considered expensive or dangerous for the environment.
According to Reuters calculations, based on estimates of public and private companies, we are talking about a sum of $100 billion.
Thus, African countries that currently produce little or no oil and gas could receive billions in energy investment in the coming years. These include Namibia, South Africa, Uganda, Kenya, Mozambique and Tanzania.
It is noted that Namibia alone can produce about half a million barrels per day from newly developed fields.
It is predicted that large volumes of African oil will begin to enter European and world markets from 2026.
It was previously reported that the Russian oil discount to Brent exceeded $40. So, Russia is trying to find new markets for its oil after the imposition of sanctions by Western countries.
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Source: korrespondent
I am David Wyatt, a professional writer and journalist for Buna Times. I specialize in the world section of news coverage, where I bring to light stories and issues that affect us globally. As a graduate of Journalism, I have always had the passion to spread knowledge through writing.