Saudi Arabia and Russia sign $100 million oil pipeline deal

Saudi Arabia and Russia have signed a $100 million deal for laying an oil pipeline in the world’s biggest sand desert, Rub Al Khali (Empty Quarter).

The agreement was signed in Dhahran recently between Saudi Aramco and Stroytransgaz, a construction arm of Russia’s energy giant Gazprom. Ali Al Ajmi, vice-president of Saudi Aramco, signed the document on behalf of the Saudi side. The project will be fully implemented by the Russian partner, but workers from other countries would also be employed. Work on the proposed Sheyba-Abkayk oil pipeline, whose length exceeds 200 km (124 miles), will start in June and is scheduled to be completed in 18 months.

MENAFN