By Rania El Gamal
RIYADH (Reuters) - Russia is seeking to finalise multi-million-dollar investment deals with Saudi Arabia in the next three months including partnerships with state oil giant Aramco, Russia's top state investment officer said on Wednesday.
Russian banks and a Russian-Chinese investment fund are also keen to take part in Aramco's initial public offering (IPO), the head of the Russian Direct Investment Fund, Kirill Dmitriev, told reporters, reiterating comments he made last month.
Sources told Reuters last year that Chinese state oil companies were willing to be cornerstone investors in the Aramco IPO, which could become the world's biggest, valuing the firm at up to $2 trillion and raising more than $100 billion.
"There are a number of investors who would like to invest in the Aramco IPO, including several banks," Dmitriev said on Wednesday.
Saudi officials have said the government plans to sell up to 5 percent of Aramco shares on one or more foreign exchanges in addition to Riyadh.
"We will see how the IPO process progresses but we see significant interest to invest in the Aramco IPO, from Russia, from China. We believe this is very good for, once again, thinking jointly about oil," he said.
Dmitriev also said the Russian Direct Investment Fund, the Saudi Public Investment Fund and Aramco planned to invest in several projects through their joint energy platform including in Russia's Eurasia Drilling, a major independent driller.
Russia also has significant investments in Saudi Arabia's petrochemicals industry, he said.
Sibur, Russia's largest producer of petrochemicals, is building a petrochemicals facility in the kingdom.
"Sibur, jointly with us, is building a petrochemical facility focused on ... manufacturing, which is really one of the big Russian projects in Saudi Arabia and underscores the potential for cooperation in petrochemicals," he added.
Dmitriev also said a global deal between the Organization of the Petroleum Exporting Countries and some non-OPEC producers to cut crude supply was stabilising the oil market.
(Reporting by Rania El Gamal; Writing by Maha El Dahan; Editing by Dale Hudson)
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