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Activities of oil and gas companies of USA, China and Russia in Africa: constraints and prospects

Authors: S.R. Tsokiev (Belkamneft OJSC, RF, Izhevsk)

Key words: strategy of American energy companies, the energy potential of the

African continent, china's energy strategy in Africa, potential of the African continent,

China's energy strategy in Africa, Africa's role in the energy strategy of

Russia's energy sector.

Africa has tremendous energy potential. It holds about 10 percent of global oil reserves.

The advantage of the African oil reserves, unlike the U.S., China, the North Sea

and Russia reserves, that they are largely unexplored. Due to unstable situation in the

Middle East and in order to diversify oil supplies the U.S. and China are actively cooperating

with the new producer of hydrocarbons - the African continent. In order to

strengthen the geoeconomic and geopolitical position of Russia and for the preservation

of native material and raw material base, it’s practically important for our

country to reveal its own strategy on the continent through comparative analysis.

Key words: strategy of American energy companies, the energy potential of the

African continent, china's energy strategy in Africa, potential of the African continent,

China's energy strategy in Africa, Africa's role in the energy strategy of

Russia's energy sector.

Africa has tremendous energy potential. It holds about 10 percent of global oil reserves.

The advantage of the African oil reserves, unlike the U.S., China, the North Sea

and Russia reserves, that they are largely unexplored. Due to unstable situation in the

Middle East and in order to diversify oil supplies the U.S. and China are actively cooperating

with the new producer of hydrocarbons - the African continent. In order to

strengthen the geoeconomic and geopolitical position of Russia and for the preservation

of native material and raw material base, it’s practically important for our

country to reveal its own strategy on the continent through comparative analysis.



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