Former Gazprom Advisor Boris Ivanov Predicts Possible Energy Market in Africa and Asia
GPB Global Resources initiator Boris Ivanov began his career as an ambassador to the US-Soviet, where he was in charge of managing arms. He acquired his diplomacy skills upon graduating from Moscow State Institute with honors in global relations. After the collapse of the Soviet Union, he moved to the private sector.
Together with other investors, Ivanov established GPB Global Resources, which is one of the world’s chief oil producers. Before this, he embarked on various area s like banking, petroleum exploitation and mining, intercontinental business, and aircraft trades. Through this, he extended his outlets in Russia and the U.S.
In 2004, he joined Gazprom as the chairman’s advisor. His understanding of the ever-changing oil and mineral discovery and production earned him a promotion as the Vice President of Gazprom. His new position was working on foreign markets and searching for better oil and mineral ventures for attainment. In 2016 Boris Ivanov became the primary shareholder then GPB Global Resources was acquired.
Talking during an interview, Boris outlined how COVID-19 has affected the oil industries. This is a worldwide pandemic that crimpled almost every country’s economy and led to the execution of movement restrictions. The lockdown has, therefore, seen the decrease in the demand for oil as the prices fall. According to Boris Ivanov, the Russia-OPEC pricing war will significantly be affected by the pandemic. For a long time, Russia, who are the global energy giants, will be forced to revise some of the terms that won’t be favorable. This is brought about by their refusal to reduce the amount of oil supply to the market. They will suffer severe losses as a result of the colliding oil market.
However, Boris Ivanov maintains that Asia and Africa will get many openings in the energy industry. This is because the demand for energy in these continents has always been unreachable. Therefore, many oil industries will focus their production on those continents, creating a fresh oil market. GPB Global Resources believes in reduces the oil industry back to its old tracks. Production of resources like synthetic fibers and plastic needs fuel, while today’s petrochemical industry represents the highest demand for oil qualified to other raw material industries.