Saudi Arabia looks at buying oil and gas assets in Russia

KUWAIT: Saudi Arabia is looking at unprecedented deals to acquire oil and gas assets in Russia, deepening ties between the world’s largest energy exporters as the Saudi king prepares to visit Moscow later this week.

Organisation of Petroleum Exporting Countries’ (Opec) biggest crude producer is considering investing in Russia’s largest oil drilling contractor, Eurasia Drilling Co, and Novatek PJSC’s proposed Arctic LNG 2, according to officials with knowledge of talks, who asked not to be identified because the talks are private.