RDIF to negotiate extending cooperation with Saudi Aramco

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RDIF to negotiate extending cooperation with Saudi Aramco
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The Russian Direct Investment Fund (RDIF) will hold talks at the St. Petersburg International Economic Forum (SPIEF) on May 24-26, 2018, with the Saudi Energy Ministry on the broadening of cooperation with Saudi Aramco.

This is what the head of RDIF, Kirill Dmitriev, told reporters on Monday.

“We have very close relations with Saudi Arabia, we have created an energy fund with Saudi Aramco. Mr. al-Falih (Minister of Energy of Saudi Arabia Khalid al-Falih — editor’s note) will attend St. Petersburg Forum. We are planning a series of important discussions on how to increase the investment of this energy fund and how to expand investment cooperation in the energy sector”, he specified.

In early October, Russia and Saudi Arabia signed an agreement to create an investment energy fund worth $1 billion with the participation of the Saudi Public Investment Fund, Saudi Aramco and RDIF. The document was signed during the visit of King of Saudi Arabia to Moscow.