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Russia’s Lukoil losses expanding influence across Africa

todayDecember 10, 2025

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By Kestér Kenn KLOMEGÂH Lukoil, Russia’s energy giant, has seriously lost its grounds across Africa, due to United States sanctions. Sanctions have complicated the company’s potential continuity in operating its largest oil field projects, grappling its investment particularly in Republic of Ghana, Democratic Republic of Congo, and Federal Republic of Nigeria. Reports indicated the sanctions […]

The post Russia’s Lukoil losses expanding influence across Africa appeared first on The Business & Financial Times.

Source: thebftonline.com

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todayDecember 10, 2025

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