Russian and Saudi trade ministries sign memorandum of understanding
06 October, 2017, 00:39 | Author: Ora Austin
Al-Falih and other Aramco officials are now accompanying Saudi Arabia's King Salman bin Abdulaziz on a historic visit to Russian Federation as part of efforts to deepen ties between the world's two biggest oil producers.
Following the talks, Saudi Arabian Military Industries (Sami) said it signed agreements with Russia's state arms trader, Rosoboronexport, for the purchase of cutting-edge Russian weapons, including the long-range S-400 air defence missile systems.
Russian President Vladimir Putin hosted Saudi Arabia's King Salman for talks at the Kremlin on Thursday, cementing a relationship that is crucial for determining world oil prices and could be pivotal for resolving conflicts in the Middle East. "Saudi Arabia's position is among the worst of the Gulf Cooperation Council countries", he added.
The Aramco IPO, which could raise $100 billion, is a centrepiece of Vision 2030, an ambitious reform plan to diversify the Saudi economy beyond oil which is being championed by Saudi Crown Prince Mohammad bin Salman.
The S-400 is Russia's most advanced long-range anti-aircraft missile system and can carry three types of warheads created to destroy targets including ballistic and cruise missiles. This leaves Moscow aligned with Saudi Arabia's arch-rival Iran, whose influence Riyadh fears is growing in the region. Signatories to the document were Alexander Dyukov, CEO of Gazprom Neft, and Amin H. Nasser, President and CEO, Saudi Aramco.
On his journey into central Moscow from Vnukovo airport late on Wednesday, King Salman's limousine passed billboards bearing his photograph and messages in Russian and Arabic welcoming him.
Tass reported that Moscow is hoping Saudi Arabia investment in Russian Federation will surpass $1 billion after the visit.
The countries also moved to deepen ties in the energy sector, with Russian firm Sibur agreeing to joint oil-refining projects with Saudi Aramco.
West Texas Intermediate for November delivery rose 21 cents to $50.19 a barrel as of 10:13 a.m. London time. "Do you feel that USA allies are sort of moving away from the United States of America and going elsewhere, maybe forming new alliances?" a journalist asked.
Experts believe, however, that the alliance between Moscow and Riyadh may change the current situation on the world oil market.
On the trip's program is an announced business forum which will see speeches by state-owned energy giants Saudi Aramco and Russia's Gazprom. If the Saudis make direct investments in Russian assets, this will undoubtedly show influence on the entire oil market.
Her long list of controversies include everything from charges of obscenity to hurting religious sentiments and intimidation. After the facts came out, a prompt inquiry was ordered, said Nupur Prasad, deputy Commissioner of Police (Shahdara).
According to the American Cancer Society, breast cancer is the second leading cause of cancer death in women behind lung cancer. October is Breast Cancer Awareness Month, a great time to remind ourselves and the women in our lives to have a mammogram .
On Wednesday Putin said an extension of the OPEC deal was possible and could last "at least to the end of 2018". Saudi Arabia has its economy based on the oil sector. "King Salman doesn't do courtesy calls".
COPYRIGHT VIOLATION NOTICE: This report was originally reported by Marea Informative and is the property of of Marea Informative. The company had revenue of $22.20 billion during the quarter, compared to analysts' expectations of $22.23 billion.
Perry, meanwhile, said she hopes the tragedy will spur politicians to take action on firearm legislation. "It's disgusting . I think that everybody feels like their heart has just been ripped out of their chest", Katy , 32, expressed.
A raid on the home they shared discovered 23 additional firearms, explosives and thousands of rounds of ammunition. No one knows why Paddock morphed from a retired accountant to the deadliest mass shooter in modern USA history.
Facebook has confirmed that this new feature is officially rolling out to the public, with the exception of businesses. Yep, the social network is taking a nod from Twitter and has introduced an Instagram Poll on its Stories.
Today (Tuesday), former Iraqi President and Kurdish leader Jalal Talabani passed away at the age of 83 in a Berlin hospital. He had a stroke 2012 and spent time in Germany for 18 months of treatment just before the end of his presidency.
TransCanada's decision to cancel plans for its $15.7-billion Energy East pipeline has provoked a predictable storm. The company said it will focus on it its $24-billion near-term capital program after dropping Energy East.
The SC bench with CJI Dipak Misra also questioned an earlier SC order by Justice Khehar, for an NIA probe in the case. Hadiya , a homoeopath hailing from Vaikom in Kottayam district, converted to Islam a year ago and married Shafin.
Petty gained fame as the voice behind iconic hits like " Free Fallin' ", " American Girl " and " I Won't Back Down ". In between 1976 and 1999, Petty released a total of 10 albums and all of them were gold-certified in the least.
Ads bashing Knicks on subway will be taken down
The ads, wrapped around a subway that goes to and from Times Square, was to promote a show that asked fans to "pick a side". Still, they're pretty aggressive, particularly considering that they're in the Knicks' home city.
Tattoos Show Potential As Health Tracking Technology
The tattoos, made with the help of such inks, can be invisible and can only be readable under particular kinds of light. Several injections in the skin were done in order to understand the visibility and functionality of the biosensors.