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Wed, Oct 4, 2017 Middle East Eye 1,073

Saudi Arabia and Russia plan to set up a $1bn fund to invest in energy projects, Russian Energy Minister Alexander Novak said in an interview broadcast by Al Arabiya TV on Monday.

The fund, to be finalised during this week’s visit by Saudi King Salman to Moscow, was part of efforts by two of the world’s biggest oil producers to expand cooperation, he said.