MOSCOW (Sputnik) — Russian Energy Minister Alexander Novak has discussed with his South African counterpart Mmamoloko Kubayi the cooperation of companies in the production of hydrocarbon raw materials in this republic, according to the ministry.
During the talks, the Russian minister thanked his counterpart for supporting Russia's initiative to create BRICS Energy Research Platform in the framework of BRICS energy ministers' meeting in Beijing on June 7.
"The launch of the platform will facilitate the expansion of the dialogue between the participating states on the energy track, which includes the joint formation and verification of forecasts and assessments of the development of world energy sector," Novak said.
According to US Energy Information Administration (EIA), South Africa's estimated recoverable offshore gas reserves stand at 9 trillion cubic feet (tcf). According to EIA, the country produced an average of 136,000 barrels of oil per day in 2016.