Bid & Tender
Saudi, Russia Discuss Joint O&G Projects

Date : Jun 13, 2017

Saudi Arabia and Russian companies are discussing a number of joint oil and gas projects, Russia’s Energy Minister has said.


"Yes, those issues have been discussed by our oil companies, Saudi Aramco and Saudi Arabia’s minister who is currently in contact with heads of Russian companies," Alexander Novak said when asked whether Saudi Minister of Energy, Industry and Mineral Resources Khalid Al-Falih had touched upon the participation of Saudi Arabia in Russia’s oil and gas projects.


Russia’s Energy Ministry reported on May 30 that the sides had held talks focusing on technological cooperation.


Novak noted an increasing interest of Russian oilfield services companies in the Saudi market.


The minister also mentioned the creation of joint R&D centres focusing on areas such as oil and gas production, oilfield services and transportation of crude hydrocarbons among promising projects.


Meanwhile, Russia and Saudi Arabia are also considering projects in renewable energy sector, said Russia’s First Deputy Energy Minister Aleksei Texler.


He added that Hevel, Russia’s biggest integrated company operating in the solar energy field, will hold talks on the issue.


In another development, Al-Falih may visit a number of towns in Western and Eastern Siberia this summer, said Novak.


"I do hope that this summer Al-Falih will be able to see for himself some places where oil is produced in Western and Eastern Siberia: Talakan, Vankor, and Surgut," Novak said. "We decided to show him the newly-built LNG plant in the north of the Yamal Peninsula. This is a unique project being implemented in rigorous Arctic conditions."


"Last October, we travelled to Saudi Arabia, where we had a tour of various facilities, including offshore rigs in the Gulf. Now it is our turn to welcome guests," the minister added.