Saudi Arabia satisfied on relations with Russia

Jan 12, 2005 01:00 AM

Recent years have seen major progress in Saudi-Russian relations, Saudi Arabia's ambassador to Russia told.
Political dialogue at various levels including the top tier is increasing, officials of various ranks have been exchanging visits and plan more of them this year and an intergovernmental commission has been set up and has held its first meeting, Muhammad Hassan Abdul Wali said.

Saudi and Russian anti-terrorism services were coordinating their efforts, while economic relations between the two countries also were moving ahead, the ambassador said.
The Russian oil company LUKoil has won a concession to develop natural gas and gas condensate fields in Saudi Arabia under a 40-year deal. LUKoil and Saudi Aramco, one of the world's largest oil and gas companies, have set up a joint venture, LUKoil Saudi Arabia Energy or LUKSAR.

Source: United Press International
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