Russia–Africa Forum Participants Address Natural Resources

This publication by the Analytical Center for the Government of the Russian Federation provides an overview of resources, extraction, processing, domestic consumption, and exports of oil, natural gas, coal, petrochemical products, and electricity, gives infographics, and analyzes the investment climate in these sectors in Russia over the last decade.

Roscongress Foundation CEO Alexander Stuglev spoke about the timeliness of the Russia—Africa Economic Forum and its impact on the development of trade and economic and social relations between the countries.

COVID-19 has created a demand shock in the oil market as social distancing reduces movement and daily travel for more and more of us each day. At present, most of the reporting agencies expect oil demand growth this year to be largely flat, well below the 1.2 million barrels/day (mmb/d) expected just a few months ago. And this demand growth forecast will likely be revised down further as large gatherings are cancelled, schools shut their doors, and companies implement policies to encourage or mandate working from home.

This research by ACRA gives an outlook for the prospects of Azerbaijani economy up to 2022 with a focus on attributing its recovery to growth in the mining industry and restored dependence on mineral resources.