Riyadh - Mubasher: The Russian National Wealth Fund, Abu Dhabi's state-owned Mubadala Investment Company (MIC), and Saudi Arabia are in talks over purchasing a 16% stake in Russian oil drilling company Eurasia Drilling, the head of Russia's sovereign wealth fund said on Wednesday.
The transaction is awaiting the green light from a government commission, Reuters reported, citing Kirill Dmitriev as saying.
In June, Italy's oil and gas giant Eni sold a 10% stake in the Shorouk concession to Mubadala Petroleum, a subsidiary of Abu Dhabi state fund Mubadala Investment Company.
Earlier this month, Mubadala Petroleum announced that it has signed an agreement with Eni to purchase a 20% stake in the Nour offshore concession in North Sinai, Egypt.
