Oil prices have stabilized on Thursday on 56 USD for
barrel, with expectations of extending the reduction of oil production between
Russia and Saudi Arabia. Moreover, al Faleh said that his country seeks to
improve the cooperation with Russia especially in the private sector and that
there are great opportunities for their countries in the business sector.
According to al Faleh, the visit witnesses signing
memoranda of understanding between their countries in different domains,
including nuclear energy for peaceful purposes, military industries, and
maritime development.
Aramco Company owned by Saudi government, signs
memoranda of understanding, on Thursday, with the Russian Gazprom, Gazprom
neft, and Sipor and Letsico.