Russian fund, UAE's Mubadala, Saudi Arabia in talks on drilling firm stake

Russia's sovereign wealth fund, Mubadala of UAE and Saudi Arabia are in talks to buy a 16% stake in Russian oil drilling firm Eurasia Drilling

  
A view of Mubadala Building in Abu Dhabi. Image used for illustrative purpose

A view of Mubadala Building in Abu Dhabi. Image used for illustrative purpose

Mubadala/ Handout via Zawya

MOSCOW - Russia's sovereign wealth fund, Mubadala of the United Arab Emirates and Saudi Arabia are in talks to buy a 16 percent stake in Russian oil drilling firm Eurasia Drilling, the head of the Russian fund said on Wednesday.

The deal is awaiting approval from a government commission, Kirill Dmitriev, head of the Russian Direct Investment Fund, said at a conference in Moscow.

(Reporting by Katya Golubkova Writing by Tom Balmforth Editing by Edmund Blair) ((Tom.Balmforth@thomsonreuters.com;))


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