MOSCOW (Reuters) - Russia's Gazprom Neft (MM:SIBN) will jointly work with the world's largest oil producer Saudi Aramco in hard-to-recover oil production and on a technology known as hydraulic fracturing, Gazprom Neft's head Alexander Dyukov said on Wednesday.
Earlier this month, both companies have signed an agreement on technological cooperation during a state visit to Russia by Saudi King Salman.
Dyukov also told reporters that Gazprom Neft expects its borrowings to rise to between 200 billion roubles and 210 billion roubles (£2.6 billion - £2.7 billion) next year without possible new funds for Messoyakha greenfield.