Cooperation of the Russian Federation and the Kingdom of Saudi Arabia in the Fuel and Energy Sector

DOI: 10.33917/es-6.198.2024.42-47

The article dwells on cooperation between the Russian Federation and the Kingdom of Saudi Arabia in the fuel and energy sector. The author examines the main areas of cooperation between two countries, which takes place despite their potential competition in the energy market, analyzes the current state of their interaction and identifies prospects for cooperation in the future. Particular attention is paid to the regulatory framework in the oil sector, to development of energy projects, including investment interest, as well as to measures for strengthening partnerships between Russia and Saudi Arabia despite the relatively weak mutual trade turnover. The results analysis makes it possible to draw up conclusions on the significance and prospects for further development of cooperation in the fuel and energy sector between the two countries.

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