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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