Roscongress Foundation and the African Energy Chamber signed a Cooperation Agreement

October 13, 2023

A cooperation agreement was signed between the Roscongress Foundation and the African Energy Chamber during the Russian Energy Week International Forum. The organizations established partnership relations aimed at implementing joint projects and achieving mutually beneficial goals. The document was signed by Alexander Stuglev, Chairman of the Board and CEO of the Roscongress Foundation, and NJ Ayuk, Executive Chairman of the African Energy Chamber.

"The development of energy cooperation within the framework of international relations is extremely relevant for our country today. The realization of full-fledged interaction in the energy field largely depends on the parties involved. The African Energy Chamber is a reputable institution capable of ensuring quality dialogue when discussing energy issues. The agreement signed at REW will enable the Roscongress Foundation and our African partners to strengthen cooperation in various areas, including the organization of business events and participation in them. I am confident that it has great prospects," said Chairman of the Board and CEO of the Roscongress Foundation.

According to the document, the Roscongress Foundation and the African Energy Chamber will provide mutual consulting, information, and expert support. They will also organize joint congress and exhibition events with a focus on energy, economics, and social orientation. In addition, advertising and information campaigns are planned to promote these specialized events. The organizations will combine their efforts in the field of information cooperation to provide objective and comprehensive coverage of joint events in the Russian and global information spaces and to enhance the positive reputation of both parties.

One area of cooperation will involve promoting existing partnerships and exploring new long-term collaborations between representatives of the business communities of both parties to attract investment in African and Russian energy projects. Additionally, attention will be given to maintaining a dialogue in investment and finance, export-import activities, tourism, and cultural interactions. The cooperation of both parties will also focus on elevating the discussion on the topic of alleviating energy poverty. Furthermore, there are plans to intensify the promotion of organized events aimed at enhancing communication between representatives in the public information field.

"This Memorandum of Understanding is an important step by AEC and Roscongress to promote investment in Africa, promote investment in the African energy sector, events, and fight energy poverty," emphasized NJ Ayuk, Executive Chairman of the African Energy Chamber.

The Russian Energy Week International Forum is a key global platform for discussing current trends in the development of the modern fuel and energy sector. This event is traditionally held at the highest level, featuring the participation of leaders from the largest companies in the energy industry. In 2022, more than 70 events, with the involvement of over 270 speakers, were held as part of REW. The Forum attracted over 3,000 participants and media representatives from Russia, as well as 83 foreign countries and territories. The Forum is organized by the Roscongress Foundation and the Ministry of Energy of the Russian Federation, with the support of the Moscow City Government.

Official website of REW: rusenergyweek.com. For news about the event and the industry, please follow the official REW page on VK.

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