October 14, 2019 / 4:46 AM / a month ago

Russia's Gazprom keen to cooperate with Saudi firms, Novak tells Arab News

FILE PHOTO: Russian Energy Minister Alexander Novak attends the Energy Week International Forum in Moscow, Russia October 3, 2019. REUTERS/Evgenia Novozhenina/File Photo

RIYADH (Reuters) - Russia’s Gazprom is interested in cooperating with Saudi Arabian companies in the field of natural gas, Russian Energy Minister Alexander Novak told Arab News.

The two countries may sign agreements totaling $1 billion during the visit of Russia’s President Vladimir Putin to the kingdom, he said in an interview published on Monday by the Saudi newspaper.

‘’The interest in cooperation with Saudi companies is shown by many Russian oil and gas companies, such as Gazprom and Sibur,’’ he said.

The two countries are also studying establishing a joint institute for energy cooperation, he added.

Putin is due in Riyadh on Monday. He is also due to visit the United Arab Emirates, on Tuesday.

Reporting by Maher Chmaytelli and Olesya Ashtakova; Editing by Muralikumar Anantharaman

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