Saudi Says "Flexible" on Russian Idea to Extend Oil Cuts to End-2018

Falih said MoUs would be signed with Russia's state nuclear agency Rosatom for the peaceful use of nuclear energy, alongside other deals for military industries and marine development.

State oil giant Saudi Aramco will sign several non-binding MoUs on Thursday with Russian companies Gazprom , Gazprom Neft, Sibur and Litasco.

Aramco is discussing several investment opportunities with Russian firms, Aramco Chief Executive Amin Nasser said.

The Russian Direct Investment Fund will sign an MoU with Aramco and the kingdom's Public Investment Fund for investments in energy services and manufacturing.

(Additional reporting by Vladimir Soldatkin; Writing by Rania El Gamal; Editing by Dale Hudson and Edmund Blair)


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