RusEnergy

06/06/2005 (10:43) RZD News - BRIEFLY Saudi Arabia and Russia, the world's two largest oil producers, plan to set up joint ventures in the developing world, Al-Jazeera reported, citing Russia's ambassador in Riyadh, Andrei Baklanov. The countries' largest oil producers, Saudi Aramco and LUKoil, are in talks with Oil and Natural Gas Corporation, India's largest oil explorer, about investing to expand ONGC's Managlore Refinery and Petrochemicals, Al-Jazeera said on its web site, reports The Moscow Times referring to Bloomberg.