ENERGY

Saudi Aramco confirms negotiations on massive gas project in Russia

In an interview with Al Arabiya, Nasser said: “We look forward to cooperating with Russia and the negotiations are ongoing.”

Amin Nasser, CEO of Saudi Aramco, confirmed to Al Arabiya on Tuesday that negotiations are ongoing with Russia regarding a massive gas project.

In an interview with Al Arabiya and as part of the Future Investment Initiative taking place in Riyadh, Nasser said: “Aramco has several deals with Russia in the field of LPG, and we will launch research centers in a Russian university to be added to the nine other international centers owned by Aramco in the US, Europe, and China.”

He added saying: “We look forward to cooperating with Russia and the negotiations are ongoing.”

ALSO WATCH: What you need to know about Saudi-Russian economic ties

The economic relationship between Saudi Arabia and Russia does not stop at the oil markets, but also includes massive investment deals in many sectors such as:

- A billion dollars dedicated to a mutual platform in the technology sector.

- A Saudi investment worth a 100 million dollars in transport projects in Russia.

- A cooperation between the two nations in the field of nuclear energy.

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Last Update: Tuesday, 23 October 2018 KSA 17:01 - GMT 14:01
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