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Tuesday, 02 September 2003

RUSSIA, SAUDIS SIGN OIL ACCORDS

Published in News Digest

By empty (9/2/2003 issue of the CACI Analyst)

Saudi Arabia and Russia signed an oil-industry cooperation agreement on 2 September during a visit to Moscow by Saudi Crown Prince Abdullah. After talks between Abdullah and President Vladimir Putin, the two countries\' energy ministers signed a five-year gas-and-oil cooperation deal. The agreement calls for joint ventures in oil-and-gas exploration and research, according to a text released by the Russian government and cited by news agencies.
Saudi Arabia and Russia signed an oil-industry cooperation agreement on 2 September during a visit to Moscow by Saudi Crown Prince Abdullah. After talks between Abdullah and President Vladimir Putin, the two countries\' energy ministers signed a five-year gas-and-oil cooperation deal. The agreement calls for joint ventures in oil-and-gas exploration and research, according to a text released by the Russian government and cited by news agencies. Saudi Arabia and Russia are the world\'s two leading oil producers. Abdullah\'s visit is the first by a Saudi crown prince since 1932. Other items on the agenda for the talks include postwar Iraq, the Middle East peace process, and Moscow\'s allegations that Saudi charities are financially supporting Chechen militants. (Interfax)
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