The leaders of Saudi Arabia and Russia, the world’s biggest oil exporters, are expected to discuss cooperation on oil production and differences over Syria and Iran on Thursday during the first visit to Moscow by a reigning Saudi Monarch. Reuters reported that a slew of investment deals, including on a liquefied natural gas project and petrochemical plants, could also be signed during King Salman’s trip and plans for a 1 billion USD fund to invest in energy projects are likely to be finalised. The visit, including talks in the Kremlin with President Vladimir Putin, reflects a rapid deepening of ties between Russia and Saudi Arabia, driven by a mutual need to stem a drop in global oil prices. Meanwhile Kremlin spokesman Dmitry Peskov said Moscow hoped the king’s trip would breathe life into a relationship with huge potential and was interested in maintaining dialogue with Riyadh “about the Middle East and Syria in particular.”
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