Saudi, Russia and UAE in talks to buy stake in Russian oil drilling firm

28/11/2018 Argaam

 

Saudi Arabia, UAE's Mubadala and Russian Direct Investment Fund (RDIF) are in talks to buy a 16 percent stake in Russian oil drilling firm Eurasia Drilling, Reuters reported on Wednesday, citing Kirill Dmitriev, chief executive of the Russian sovereign wealth fund.

 

The deal is awaiting approval from a government commission, he added.

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