MOSCOW (Sputnik) — According to the text of the interview, Russia and Saudi Arabia will create a $1-billion fund to invest in energy projects, alongside a deal to invest $150 million in Russia’s Eurasia Drilling Company and a $1.1-billion agreement for Russian petrochemical company Sibur to build a plant in Saudi Arabia.
FT also cited Novak as saying that Russia's Novatek gas producer was in talks on the participation of Saudi investors in its Arctic LNG-2 project, the company's second large-scale LNG project located offshore near the remote Gydan peninsula in northern West Siberia.
King Salman will meet Russian President Vladimir Putin on October 5 to discuss a number of issues, including the stabilization of the situation in the Middle East. A Russian-Saudi investment forum will be held before the meeting of the two states' leaders, with more than 200 Russian and Saudi companies expected to attend the event.
Russian Prime Minister Dmitry Medvedev will also meet with King Salman on October 6 to discuss joint investment projects.