ENERGY

Saudi Aramco CEO says relationship with Russia to reach new heights

Saudi Aramco’s Chief Executive Officer Amin Nasser said on Friday that the company’s relationship with Russia will grow as the two sides proceed with cooperation projects. (Supplied)

Oil producer Saudi Aramco’s Chief Executive Officer Amin Nasser said on Friday that the company’s relationship with Russia will grow as the two sides proceed with cooperation projects.

“Our ongoing strategic engagements and discussions with partners in Russia are taking our relationship to new heights,” he said at a groundbreaking ceremony for a new Saudi Aramco Research Center for upstream technologies in Moscow.

The comments were reported in a company statement.

Russia’s RIA news agency earlier quoted Nasser as saying that he planned to discuss the purchase of a stake in Novatek’s Arctic LNG-2 project with Novatek’s boss in Moscow on Friday.

Research lower emission fuel

Saudi Aramco and China’s Tsinghua University, engine manufacturer FAWDE and Shandong Chambroad Petrochemical Co. have agreed to start a research program dedicated to fuel and engine optimisation, the Saudi oil producer said in a statement on Friday.

“For the first time a major energy company, engine manufacturer, petrochemicals company and a renowned university come together to develop advanced fuel and engine technologies to reduce emissions,” Aramco said in a statement published on its website.

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Last Update: Friday, 9 November 2018 KSA 20:33 - GMT 17:33
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