Moscow and Riyadh have postponed a deal for acquiring a stake in a Russian oil-field services company in what is clearly blowback from the disintegration of Russian-Saudi co- operation. A spokesman of the Russian Direct Investment Fund (RDIF) con- firmed to Energy Intelligence that the purchase of a stake in Novomet had been “put on hold” due to mac- roeconomic conditions. “The sides are reconsidering parameters,” the spokesman said. He denied the deal had collapsed.
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