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Saudi Arabia seeks to develop ties with Russian Federation - top diplomat
05 October 2017, 12:26 | Rufus Hill
Saudi economy contracts in first two quarters of 2017
Novak also noted that both countries are also working on other agreements including the possibility for Russian firms to provide drilling services in the Saudi Arabia and crude oil trading between Saudi Aramco and Russian Rosneft.
King Salman is planning "unprecedented" oil and gas deals, cementing closer ties between the two energy giants, including investments in the proposed Novatek/Total Arctic LNG II project and in Russian contractor Eurasia Drilling, Bloomberg reports.
Saudi Arabia has its economy based on the oil sector.
The senior diplomat said the arrival of King Salman bin Abdulaziz Al Saud in Russian Federation is a historic event, as it is the first ever official visit by a Saudi Arabian monarch in the history of bilateral relations.
Meanwhile in the US, a Moody's Investors Service study of 37 North American exploration and production companies shows that while the companies have achieved dramatic cost cuts, any improvement in their ability to sustain healthy returns will have to come from commodity prices.
Producers agreed to extend the cuts for nine more months, ending in March 2018.
Novak said that Turkmenistan has also been invited to take part in the gas exporting countries' forum, RIA Novosti reported. It is expected to be attended by more than half of OPEC's 15 members, Reuters reported, with ministers due to focus on recommendations for the next meeting between global oil producers, scheduled for November.
Venezuela has invited Egypt to join the oil output cut deal of OPEC and participating non-OPEC countries, Eulogio Del Pino, Minister of the People's Ministry of Petroleum of Venezuela wrote on Twitter.
The Russian government said in a statement on its official website on Tuesday that the visit of the Saudi monarch would include "discussing issues of bilateral trade, economic and industrial cooperation in the fields of energy, agriculture and others, and will review the progress made in the implementation of major infrastructure projects".
Las Vegas shooting updates: Portraits of the victims emerge
Paddock and Danley moved around constantly, with properties in Arkansas, Nevada, California and Texas, public records show. Paddock was found dead in his room of a self-inflicted gunshot wound before midnight, as law enforcement closed in.
Google developing an Amazon Echo Show competitor
In one instance, Amazon showed how a family might play a game like Trivial Pursuit using the buttons to chime in for answers. The second major improvement is the addition of Dolby processing, which should provide a boost to the device's sound.
Ball pulling son out of Southern Cal high school
This really isn't all that surprising, given the direction the senior Ball has had his son running towards the past year or so. Despite the eligibility question, Sondheimer reports Ball intends to have LaMelo Ball enroll at UCLA when the time comes.
Palestinian Authority Pressing for Full Gaza Rule, Premier Says
But while this looks like a victory for PA President Mahmoud Abbas, things are not as straightforward for him as they might seem. Hamas' newly elected leadership has said it prefers to return to the group's roots as a "resistance" movement battling Israel.