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Aug 22 2010

Prime Minister of Russian Federation hosts roundtable for Russian businessmen and Crescent Group of the U.A.E.

Joint commitment for further cooperation in the Middle East and Russia

Sharjah - 22 August 2010: H.E. the Prime Minister of the Russian Federation, Mr. Vladimir Putin, hosted a roundtable meeting in Moscow yesterday with senior representatives of the Crescent Group of Companies in the presence of H.E. Mr Igor Sechin, Deputy Prime Minister of the Russian Federation and Chairman of Rosneft Oil Company, and senior executives of corporate entities from the Russian Federation in the sphere of oil and gas, finance, and logistics.

Also present at the meeting were Mr Alexander Sultanov, Deputy Foreign Minster of the Russian Federation, Mr Nikolay Tokarev, CEO of Transneft, Mr Andrei Akimov, CEO of Gazprombank, Mr Stanislav Tsiganov, Senior Executive of Gazprom, Mr Dmitri Shugayev, Deputy CEO RosTech Group, Mr Eduard Khudaiantov, First Vice-President of Rosneft and other senior members of Russian businesses. The Crescent Group was represented by Mr Hamid Jafar, Chairman of the Board, and Badr Jafar, Group Executive Director.

Mr. Putin expressed his support for increasing cooperation between companies in the United Arab Emirates and the Russian Federation and commended the first joint upstream project in the UAE signed earlier this year between Rosneft and Crescent Petroleum, a subsidiary of Crescent Group.

Mr Igor Sechin, Deputy Prime Minister of the Russian Federation, commented: "I am pleased with the collaboration between the Russian industry, Crescent Group and other companies in the pursuit of joint projects in the Middle East region. We also welcome Crescent Group's interest to the Russian market. I am looking forward to furthering the relationship with these businesses in the key Middle East region."

Mr Hamid Jafar expressed his deep appreciation for the support of the Russian Government and the UAE for the companies' business undertakings.

Mr Badr Jafar, Executive Director of the Crescent Group, added: "Crescent has had unprecedented backing to pursue ventures with Russian enterprise in the oil and gas, logistics, and other complementary sectors, which are a model for the region, and we sincerely look forward to developing these ties further with our Russian counterparts and colleagues."

-Ends-

For further information please contact:
Maryam B. Keblawi
+971504779923
admin@saharagcc.com

© Press Release 2010


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