Agreement between the Government of the Russian Federation and the Government of the Kingdom of Saudi Arabia on cooperation in the oil and natural gas sector

اتفاقية بين حكومة الفيديرالية الروسية وحكومة المملكة العربية السعودية للتعاون في مجال البتول والغاز الطبيعي

The Parties have agreed to cooperate in the following fields: (a) interaction of the organizations concerned as regards the realization of joint projects in the oil and natural gas sector; (b) joint research in the oil and natural gas sector (art. 1). The cooperation shall be carried out in the following forms: (a) simplification of the procedures for the creation of joint ventures in the oil and natural gas sector; (b) joint research with a view to improve technologies for exploration, extraction, processing and transportation of oil, natural gas and the derivates thereof; (c) exchange of patent information; (d) exchange of experience and training of personnel; (e) organization of conferences, seminars and symposia (art. 2).