https://sputnikglobe.com/20191002/russias-rdif-plans-to-implement-petrochemical-projects-in-country-with-saudi-sabic-1076945404.html
Russia's RDIF Plans to Implement Petrochemical Projects in Country With Saudi SABIC
Russia's RDIF Plans to Implement Petrochemical Projects in Country With Saudi SABIC
Sputnik International
MOSCOW (Sputnik) - The Russian Direct Investment Fund (RDIF) and Saudi petrochemical company SABIC plan to implement many projects in Russia, RDIF CEO Kirill... 02.10.2019, Sputnik International
2019-10-02T12:25+0000
2019-10-02T12:25+0000
2019-10-02T12:29+0000
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Russia's RDIF Plans to Implement Petrochemical Projects in Country With Saudi SABIC
12:25 GMT 02.10.2019 (Updated: 12:29 GMT 02.10.2019) MOSCOW (Sputnik) - The Russian Direct Investment Fund (RDIF) and Saudi petrochemical company SABIC plan to implement many projects in Russia, RDIF CEO Kirill Dmitriev said on Wednesday.
Russia has managed to boost its cooperation with Saudi Arabia thanks to joint work on the OPEC+ oil output cut deal, Dmitriev noted.
"Together with Saudi Aramco, we are investing into Novamet company, which will also deliver products for Saudi Aramco. Together with Mubadala Petroleum, we are investing into Russia's oil sphere. We plan to implement many petrochemical projects in Russia with SABIC," Dmitriev said at the Russian Energy Week forum.
The Russian Direct Investment Fund (RDIF) and Saudi Arabia are discussing cooperation with Russia's Gazprom, Dmitriev said.
"We [together with Saudi Arabia] are discussing various projects, including with Gazprom," Dmitriev told reporters, when asked about the agenda of the meeting between RDIF, Gazprom and Saudi energy minister, held on the sidelines of the Russian Energy Week forum.
The forum runs from 2-5 Octoberin Moscow. The Rossiya Segodnya International Information Agency is an official media partner of the event.
