Pension funds of the Russian Federation are considering the possibility to invest in Saudi oil

23

Пенсионные фонды РФ рассматривают возможность вложиться в саудовскую нефть

Russian pension funds have shown interest to participate in the public offering of shares of the state oil company of Saudi Arabia Saudi Aramco. On this edition of Reuters said the head of the Russian direct investment Fund (RDIF) Kirill Dmitriev. He did not specify what the funds are considering the possibility to invest in Saudi oil.

According to him, it is unlikely that Russian investments in IPO Saudi Aramco will be large. Dmitriev explained by the fact that Russia has a significant position in the oil market, so it is difficult to expect a large participation in the IPO.

However, if the IPO will take place this year, it will be possible to observe some interest from the funds is Russia and Asia. As suggested by Dmitriev, investment potential and the Russian side can have a positive impact on the relationship of Riyadh and Moscow as two of the world’s oil producers. According to him, the extension of this cooperation will be extremely useful for the market. It has proven its effectiveness when countries strive together to balance supply and demand instead of having to reach a certain price.

About Saudi Aramco plans to enter the stock market became known in January 2016. In October last year it was reported that the company has certain financial and legal nature. Output Saudi Aramco IPO may be delayed until 2019, according to Bloomberg.

LEAVE A REPLY

Please enter your comment!
Please enter your name here