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In Focus | Mali, Senegal, Togo
The secrets of Demex, the trader selling Russian oil in West Africa

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Africa

Africa in the Russia-Ukraine war

Despite taking place thousands of kilometres from Africa, Russia's invasion of Ukraine is having a substantial impact on the continent's economies and governments. Facing hurdles in the supply of grain, fertiliser and fuel, and starved of Russian investment, especially in mining projects, African countries are trying to adapt to the crisis while Moscow and Western countries are lobbying hard to bring them into line with their respective positions. [...]

From Dubai, a discreet Russian trading firm is making its mark in the distribution of petroleum products in West Africa. It is doing so in close collaboration with the Kremlin, which wants to circumvent sanctions and extend its influence in Africa. [...]

Published on 02/09/2024 at 04:40 GMT Reading time 7 minutes

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Energy

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“Africa in the Russia-Ukraine war”

Africa

Africa in the Russia-Ukraine war

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Mali
Senegal
Togo
Abderrahmane Ndiaye
Agence nationale d'encadrement des exploitations minieres artisanales et semi-mecanisees
Alassane Ouattara
Alexei Marichev
Andriy Boev
Assimi Goita
Bellatrix Energy DMCC
Demex Trading Ltd
Dmitrii Aleshkin
Dubai Multi Commodities Centre
Ecobank
Elton Oil
Hamidou Konaté
Ibrahim Traore
Igor Sechin
Ilya Kaganer
Litasco Middle East DMCC
Macky Sall
Medina Transit Service
Mikhail Mezhentsev
Mikheil Gamkrelidze
Nord Axis
Oleg Granov
Oryx
Petrosen
Public Eye
Qamah Logistics
Rosneft
Sergei Timokhovitch
Societe Africaine de Raffinage
Societe nationale burkinabe d'hydrocarbures
Société nationale des substances précieuses
Theia Trading DMCC
Trafigura
Transneft
Transnefteproduct
Vitol
Wend Kouni Joanny Compaoré
Yukos

Senegal
Delegation of Russian MPs expected in Dakar

A delegation of Russian MPs is scheduled to travel to Dakar in September, but the political uncertainty in the country could force them to postpone their visit.

Subscribers only Politics, Diplomacy 11.09.2024

Guinea
Guinean NGO goes to Swiss courts over Oryx affair

The Réseau National des Acteurs du Développement Durable has written to the Swiss judicial authorities to protest against the signing of a contract between the Guinean state and oil trader Oryx Energies.

Subscribers only Energy, Commodity traders 06.09.2024

Central African Republic
Moscow sets up legal framework for arms sales to Bangui

At the Army 2024 international forum held in Moscow in August, CAR's Defence Minister signed an agreement with his Russian counterpart to regulate the sale of Russian arms to his country.

Subscribers only Defence 03.09.2024

Spotlight | Gabon
Gabon Oil Co faced with wave of departures at Assala Energy

Having succeeded in raising the necessary funds to buy Carlyle's oil assets, Libreville must now ensure production does not fall by recruiting personnel with the necessary skills.

Subscribers only Energy 04.07.2024

Spotlight | Ivory Coast
Abidjan's fine financial balancing act for acquiring new arms

Plagued by budget shortages, the Ivorian General Staff is struggling to conclude certain purchases of strategic military equipment, a situation benefiting the Chinese military-industrial complex.

Subscribers only Defence 26.06.2024

Ivorian Army chief of staff General Lassina Doumbia in Jacqueville, Ivory Coast, 20 February 2022.

Benin, Niger
Beijing dispatches delegation to Cotonou in bid to reach deal over CNPC oil

Breaking news published on 15/05/24, at 12:45 pm GMT - Patrice Talon quietly welcomed a Chinese delegation on the morning of 15 May. And it has succeeded in obtaining concessions from the president on the thorny issue of Agadem oil.

Subscribers only Energy 15.05.2024

The president of Benin, Patrice Talon, in Cotonou on 7 March 2024.

Spotlight | Niger
Junta calls bluff of foreign uranium miners

Despite issuing a series of ultimatums to the uranium mining companies, the Nigerien authorities are struggling to find real alternatives. The problem is illustrated by the Imouraren project of the French group Orano.

Subscribers only Mining 09.05.2024

Orano CEO Nicolas Maes (left) and the Nigerien prime minister, Ali Lamine Zeine.

In Focus | Niger
Washington watches as Tehran negotiates with Niamey for 300 tonnes of uranium

Africa Intelligence can reveal the details of talks between the Niger junta and Iran for the delivery of uranium. The dizzying saga is being followed closely by Joe Biden's administration and puts the French nuclear fuel firm Orano in a delicate position.

Subscribers only Mining, Diplomacy 30.04.2024

Spotlight | Libya, Niger
Khalifa Haftar cosies up to Nigerien junta with Putin's blessing

The strongman of eastern Libya is forging closer ties with the junta in Niamey with the approval of Moscow. The rapprochement is paving the way for an unprecedented alliance along the desert border between Niger and Libya, which migrants cross on their way to Europe.

Subscribers only Diplomacy 01.02.2024

General Khalifa Haftar (left) and General Abdourahamane Tchiani.

Spotlight | Gabon
Traders compete to finance GOC's bid to takeover Carlyle's oil assets

A number of traders are courting state-owned Gabon Oil Co. They want to market the crude oil at stake in US giant Carlyle's sale of its Gabonese assets.

Subscribers only Energy 11.12.2023

An offshore oil rig, off the coast of Port-Gentil in Gabon.

In Focus | Africa
From Dubai to Cape Town, upstart trader Coral Energy rolls out African offensive

Dubai-based Coral Energy has recently made an aggressive entrance on the oil trading market in several sub-Saharan African countries where competitors suspect it of reselling Russian products. Africa Intelligence lifts the veil on this little-known trader.

Subscribers only Energy 20.11.2023

From left to right: Coral's founder, Azerbaijani Tahir Garayev, his compatriot Ahmed Karimov and the head of the Rosneft group, Igor Setchine.

Burkina Faso
Business booming for local fuel trader Salfo Souleymane Ilboudo

The loyal acquaintance of Inoussa Kanazoé has made the most of the void left by the global trading giants and support from the coup leaders to become one of the country's biggest fuel suppliers and a major player in the wider West African region.

Subscribers only Energy, Commodity traders 31.08.2023

Africa, Switzerland, UAE
Litasco shifts to Dubai to circumvent Ukraine sanctions

The trading arm of the Russian oil giant Lukoil, which until now has been run from Geneva, is gradually moving to Dubai in order to continue its activities in Africa despite sanctions imposed after the invasion of Ukraine.

Subscribers only Energy, Commodity traders 21.10.2022

Set up email notifications for these topics

Mali
Senegal
Togo
Abderrahmane Ndiaye
Agence nationale d'encadrement des exploitations minieres artisanales et semi-mecanisees
Alassane Ouattara
Alexei Marichev
Andriy Boev
Assimi Goita
Bellatrix Energy DMCC
Demex Trading Ltd
Dmitrii Aleshkin
Dubai Multi Commodities Centre
Ecobank
Elton Oil
Hamidou Konaté
Ibrahim Traore
Igor Sechin
Ilya Kaganer
Litasco Middle East DMCC
Macky Sall
Medina Transit Service
Mikhail Mezhentsev
Mikheil Gamkrelidze
Nord Axis
Oleg Granov
Oryx
Petrosen
Public Eye
Qamah Logistics
Rosneft
Sergei Timokhovitch
Societe Africaine de Raffinage
Societe nationale burkinabe d'hydrocarbures
Société nationale des substances précieuses
Theia Trading DMCC
Trafigura
Transneft
Transnefteproduct
Vitol
Wend Kouni Joanny Compaoré
Yukos

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Mali, Senegal, Togo
The secrets of Demex, the trader selling Russian oil in West Africa

Africa
The sensational rise and spectacular fall of Pefaco casino and hotels

In Focus | Mali, Senegal, Togo
The secrets of Demex, the trader selling Russian oil in West Africa

Africa in the Russia-Ukraine war

This article may be accessed by subscribers

Do you want a free trial before subscribing?

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Africa in the Russia-Ukraine war

Set up email notifications for these topics

Senegal
Delegation of Russian MPs expected in Dakar

Guinea
Guinean NGO goes to Swiss courts over Oryx affair

Central African Republic
Moscow sets up legal framework for arms sales to Bangui

Spotlight | Gabon
Gabon Oil Co faced with wave of departures at Assala Energy

Spotlight | Ivory Coast
Abidjan's fine financial balancing act for acquiring new arms

Benin, Niger
Beijing dispatches delegation to Cotonou in bid to reach deal over CNPC oil

Spotlight | Niger
Junta calls bluff of foreign uranium miners

In Focus | Niger
Washington watches as Tehran negotiates with Niamey for 300 tonnes of uranium

Spotlight | Libya, Niger
Khalifa Haftar cosies up to Nigerien junta with Putin's blessing

Spotlight | Gabon
Traders compete to finance GOC's bid to takeover Carlyle's oil assets

In Focus | Africa
From Dubai to Cape Town, upstart trader Coral Energy rolls out African offensive

Burkina Faso
Business booming for local fuel trader Salfo Souleymane Ilboudo

Africa, Switzerland, UAE
Litasco shifts to Dubai to circumvent Ukraine sanctions

Set up email notifications for these topics

About Africa Intelligence

Subscription

Africa Intelligence on social media

Indigo Publications' websites

About Africa Intelligence

Subscription

Indigo Publications' websites

Mali, Senegal, Togo The secrets of Demex, the trader selling Russian oil in West Africa

Africa The sensational rise and spectacular fall of Pefaco casino and hotels

William Ruto's new order

African Union: the battle of the giants

Africa in the Russia-Ukraine war

In Focus | Mali, Senegal, Togo The secrets of Demex, the trader selling Russian oil in West Africa

Africa in the Russia-Ukraine war

This article may be accessed by subscribers

Do you want a free trial before subscribing?

Create your free account

create a free account

Africa in the Russia-Ukraine war

Set up email notifications for these topics

Senegal Delegation of Russian MPs expected in Dakar

Guinea Guinean NGO goes to Swiss courts over Oryx affair

Central African Republic Moscow sets up legal framework for arms sales to Bangui

Spotlight | Gabon Gabon Oil Co faced with wave of departures at Assala Energy

Spotlight | Ivory Coast Abidjan's fine financial balancing act for acquiring new arms

Benin, Niger Beijing dispatches delegation to Cotonou in bid to reach deal over CNPC oil

Spotlight | Niger Junta calls bluff of foreign uranium miners

In Focus | Niger Washington watches as Tehran negotiates with Niamey for 300 tonnes of uranium

Spotlight | Libya, Niger Khalifa Haftar cosies up to Nigerien junta with Putin's blessing

Spotlight | Gabon Traders compete to finance GOC's bid to takeover Carlyle's oil assets

In Focus | Africa From Dubai to Cape Town, upstart trader Coral Energy rolls out African offensive

Burkina Faso Business booming for local fuel trader Salfo Souleymane Ilboudo

Africa, Switzerland, UAE Litasco shifts to Dubai to circumvent Ukraine sanctions

Set up email notifications for these topics

About Africa Intelligence

Subscription

Africa Intelligence on social media

Indigo Publications' websites

Mali, Senegal, Togo
The secrets of Demex, the trader selling Russian oil in West Africa

Africa
The sensational rise and spectacular fall of Pefaco casino and hotels

In Focus | Mali, Senegal, Togo
The secrets of Demex, the trader selling Russian oil in West Africa

Senegal
Delegation of Russian MPs expected in Dakar

Guinea
Guinean NGO goes to Swiss courts over Oryx affair

Central African Republic
Moscow sets up legal framework for arms sales to Bangui

Spotlight | Gabon
Gabon Oil Co faced with wave of departures at Assala Energy

Spotlight | Ivory Coast
Abidjan's fine financial balancing act for acquiring new arms

Benin, Niger
Beijing dispatches delegation to Cotonou in bid to reach deal over CNPC oil

Spotlight | Niger
Junta calls bluff of foreign uranium miners

In Focus | Niger
Washington watches as Tehran negotiates with Niamey for 300 tonnes of uranium

Spotlight | Libya, Niger
Khalifa Haftar cosies up to Nigerien junta with Putin's blessing

Spotlight | Gabon
Traders compete to finance GOC's bid to takeover Carlyle's oil assets

In Focus | Africa
From Dubai to Cape Town, upstart trader Coral Energy rolls out African offensive

Burkina Faso
Business booming for local fuel trader Salfo Souleymane Ilboudo

Africa, Switzerland, UAE
Litasco shifts to Dubai to circumvent Ukraine sanctions