"Not only this, but we have a Russia-China investment fund, and through that Russia-China investment fund we see a major interest in the Aramco IPO from a number of leading Chinese institutions", Dmitriev told reporters.
Sources told Reuters a year ago 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. Saudi Arabia plans this year to sell a stake of about 5 percent of the company in what could be a record IPO.
"We will see how the IPO process progresses but we see significant interest to invest in the Aramco IPO, from Russian Federation, from China. We believe this is very good for, once again, thinking jointly about oil", he said. "Material successes in investment cooperation between Russian Federation and the Kingdom of Saudi Arabia were discussed at the meeting in particular, along with implementation of specific projects between the RDIF, the Public Investment Fund (PIF) and Saudi Aramco", the press service said. A joint $1 billion energy fund formed by RDIF and Aramco expects to close its first deals in the next three months, he said.
Aramco was also set to make "a big announcement" regarding a partnership in a liquefied natural gas business between itself and a Russian company later on Wednesday. Saudi Arabia also expressed interest in working with Russian Federation in the railway industry, space exploration and peaceful nuclear energy.
Saudi Arabia's interest in Russian natural gas was underscored when the kingdom's Energy and Industry Minister Khalid Al Falih made an appearance alongside President Vladimir Putin in December for the unveiling of the Arctic Yamal LNG plant - the world's coldest such facility.
In October, Russia and Saudi Arabia announced a $1 billion fund to invest in energy projects.
The International Energy Forum (IEF), together with the International Energy Agency (IEA) and the Organization of the Petroleum Exporting Countries (OPEC), on Wednesday is hosting a joint symposium on energy outlooks at its headquarters in the Saudi Arabian capital. Saudi Arabia is looking from Russian Federation to East Africa and the USA for natural gas assets as state-owned Aramco, known formally as Saudi Arabian Oil Co., hunts for ways to meet soaring domestic demand.