Contents tagged with Saudi Arabia

  • Saudi Arabia negotiating purchase of S-400 missile systems from Russia

    The contract between Russia and Saudi Arabia for the supply of S-400 anti-aircraft missile systems, signed in 2017, has not yet entered into force, said Maria Vorobyeva, a spokeswoman for the Federal Service for Military-Technical Cooperation (FSVTS). She added that the conditions for its implementation are being discussed.

    "A contract for the supply of S-400 Triumph missile defense systems was signed with Saudi Arabia in 2017. We are currently discussing mutually acceptable conditions for the …

  • Russia to invest national pension savings in Saudi oil industry

    The Russian population’s pension savings will be used to purchase shares in the initial public offering (IPO) of the Saudi Arabian oil company Saudi Aramco, which will finally take place in December, after three years of delays, reports finanz.ru.

    On the sidelines of the Future Investment Initiative forum in Riyadh on Tuesday, Russian Direct Investment Fund CEO Kirill Dmitriev mentioned that Russian pension funds are interested in buying Aramco shares.

    “There’s definite interest from a number …

  • Putin discusses military technology cooperation with Saudi king

    Russian President Vladimir Putin and Salman bin Abdulaziz Al Saud, King of Saudi Arabia, discussed the possibility of cooperating in the area of military technology, and intend to continue dialog, said Kremlin Spokesperson Dmitry Peskov.

    When asked about the possibility of selling Russian S-400 aerial defense systems to Saudi Arabia, Peskov said that it is too early to say, but the two countries do have plans to develop their cooperation in military technology.

    During the talks, the Russian …

  • Director of Russian Foreign Intelligence Service: Moscow is collecting data on drone attack on Saudi Aramco facilities

    The Director of the Russian Foreign Intelligence Service (SVR) Sergey Naryshkin said that SVR is collecting data to identify persons responsible for the attack on oil facilities in Saudi Arabia, reports TASS news agency.

    "We are collecting this data [about who organized the attack], but conclusions have not yet been made," said SVR's director.

    Naryshkin also pointed out to the premature accusations of Iran's involvement in the attacks on the oil company Saudi Aramco's facilities. "It seems to …

  • Iraq refuses to buy Russian S-400 missile systems

    Iraqi Ambassador to Russia confirmed that Baghdad has no plans to buy the Russian air defense missile systems S-400 Triumph even though Iraq was believed to be a potential buyer for Russian weapons.

    "People ask me this every time, but we do not have negotiations with the Russian government on buying their weapons, and nothing is suggesting that," said the Iraqi Ambassador to Russia as quoted by the Russian news outlet Avia.pro.

    After a series of strikes by unknown aircraft on the territory of …

  • Putin offers S-400 missile systems to Saudi Arabia after drone attack

    Saudi Arabia could buy Russian S-400 aerial defense systems to protect itself, proposed Russian President Vladimir Putin, as cited by the TASS news agency.

    All that the Saudi authorities need to do is to “make a wise government decision” and buy the systems, which will “reliably protect all of Saudi Arabia’s facilities and infrastructure,” the Russian president remarked. He pointed out that Iran has already purchased S-300 systems and Turkey has bought S-400s.

    When asked by reporters whether …

  • Kremlin: Israel and Saudi Arabia want to join ‘Russian NATO’

    The Russian Foreign Ministry says that Israel, Saudi Arabia, and several other countries would like to join the Shanghai Cooperation Organization (SOC), which was founded by Russia and China, among others.

    “In our portfolio today we have applications from Israel, Bangladesh, Bahrain, Saudi Arabia, and masses of other countries that want to join the SOC’s activity in one way or another, in one capacity or another,” said Russian special presidential representative Bakhtier Khakimov, as cited by …

  • Saudi Arabia backs out of major Russian LNG project

    After a year and a half of negotiations, the Saudi Arabian national oil and gas company Saudi Aramco has decided not to buy a share in Novatek’s Arctic LNG-2 project, four informed sources told the Vedomosti news agency.

    Saudi Aramco, which was expected to invest around $5 billion in the project, was unhappy with the terms offered by Novatek. In addition, the Saudis were concerned by the risk of sanctions against the liquefied natural gas (LNG) plant, which would have been the largest in …

  • Saudi Minister of Energy: Sanctions against Russia will affect the global energy market

    During a press conference, Minister of Energy, Industry and Mineral Resources of Saudi Arabia Khalid Al-Falih said that the new sanctions against Russia can have an impact on the global energy market, RIA Novosti reported.

    “Russia is a big supplier of gas to Europe and oil to China. If this happens, it will affect Europe, China and the world,” the minister said, during a press conference in Baku, where the meeting of OPEC+ Monitoring Committee․

      The committee will evaluate the measures to …

  • Russia overtakes Saudi Arabia as the world’s second largest oil producer but still lags behind the US

    Russia outpaced Saudi Arabia in crude oil production, moving into second place after the USA, the world's largest oil producer, RIA Novosti reports.

    According to a review by the Joint Organizations Data Initiative or JODI, in December 2018, the United States produced an average of 11.66 million barrels of oil per day. Russia now produces 10.74 million barrels per day while Saudi Arabia dropped into third place at 10.64 million barrels per day. 

    Meanwhile, experts of ITI Capital Ltd. said that …