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.”
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.