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Friday, 2 June 2017

Russia, China, UAE funds agree Eurasia Drilling investment | Reuters

Russia, China, UAE funds agree Eurasia Drilling investment | Reuters:

"A consortium of Russian, Chinese and UAE funds are buying a minority stake in Eurasia Drilling, the head of the Russian Direct Investment Fund (RDIF) was quoted by Russian news agencies as saying on Thursday. The sovereign funds are thought to be taking a minority stake of 13-15 percent in Eurasia, Russia's largest oilfield services company by metres drilled. "I can confirm that we are acquiring a minority stake, and a United Arab Emirates investment fund and our Chinese partners will be in this deal," RDIF's Kirill Dmitriev was quoted as saying by Interfax."



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