Manchester shopping mall evacuated following terror attackWorld May 23, 13:44
Lavrov warns Syria’s plight will drag on if efforts to divide it continueRussian Politics & Diplomacy May 23, 13:41
Forces behind Manchester attack seek to spread panic across globe, Russian think tank saysRussian Politics & Diplomacy May 23, 13:31
Russia's Black Sea Fleet holds drills in MediterraneanMilitary & Defense May 23, 13:27
Russia’s state arms seller to showcase drones with proven combat record in SyriaMilitary & Defense May 23, 13:18
Press review: Russia to cut Council of Europe 'dues' and Black Sea powers argue in TurkeyPress Review May 23, 13:00
Security stepped up for Europa League final in Stockholm after Manchester attackSport May 23, 12:34
Steven Seagal may star in TV show on getting free land in Russia's Far EastSociety & Culture May 23, 12:00
SPIEF 2017 participants can look forward to rich cultural and sports programmePress Releases May 23, 11:43
DOHA, April 25. /TASS/. Russia and Qatar may achieve the trade turnover of $500 mln already in three years, Russian Energy Minister and co-chairperson of the bilateral intergovernmental commission Alexander Novak told reporters on Tuesday.
"We had a twofold increase last year, in simple terms. If we proceed with such a pace, we will reach $500 mln in about three years," Novak said.
He added that Russia and Qatar viewing $12 bln worth joint projects.
"Cooperation between the Russian Direct Investment Fund and the Qatar Investment Authority is growing. $1.2 bln have already been invested into specific projects; projects amounting to about $12 bln more are under consideration," Novak said.
Russia and Qatar may set up joint venture producing oilfield service equipment.
"Promising proposals are available on establishment of joint ventures to produce equipment for the oil and gas industry," the minister said.
"We agreed to draw up an intergovernmental agreement between customs by the next commission meeting. This paper was discussed. I believe this is an important asset for cooperation development," Novak said.
Russia and Qatar will set up a working group tracing implementation of specific projects and arrangements for the purpose of monitoring agreements reached between two countries, the minister added.
The parties are also considering an opportunity of training aviation specialists, Novak said. "We handed over a list of our higher educational institutions to our Qatari colleagues," he said.
Four Russian oilfield service companies are interested in projects in oilfield service contracts and exploration projects in Qatar, deputy department director of the Russian Ministry of Economic Development Nailya Chernikova told TASS on Tuesday.
"These are mainly exploration projects and oilfield service projects. Stroineftegaz, Eriall Group, Rosgeo and Rosgeoservice are interested among other projects," she said.
Furthermore, Qatar is still interested in deliveries of liquefied natural gas (LNG) from Russia, Chernikova added.