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|09 November, 2018

Saudi Aramco CEO says relationship with Russia to reach new heights

The executive was quoted by agencies as saying he hoped to sign an agreement on the purchase as soon as possible.

A company logo is seen at the sales office of Novatek, Russia's largest independent natural gas producer, in Moscow September 16, 2012.

A company logo is seen at the sales office of Novatek, Russia's largest independent natural gas producer, in Moscow September 16, 2012.

REUTERS/Maxim Shemetov

MOSCOW- Oil producer Saudi Aramco's Chief Executive Officer Amin Nasser said on Friday that the company's relationship with Russia will grow as the two sides proceed with cooperation projects.

"Our ongoing strategic engagements and discussions with partners in Russia are taking our relationship to new heights," he said at a groundbreaking ceremony for a new Saudi Aramco Research Center for upstream technologies in Moscow.

The comments were reported in a company statement.

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Russia's RIA news agency earlier quoted Nasser as saying that he planned to discuss the purchase of a stake in Novatek's Arctic LNG-2 project with Novatek's boss in Moscow on Friday. 

(Reporting by Maher Chmaytelli; Editing by Kirsten Donovan) ((maher.chmaytelli@thomsonreuters.com; +9647901917030;))