A view shows Saudi Aramco's Manifa oilfield, Saudi Arabia January 22, 2015. Saudi Aramco/Handout via REUTERS
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Saudi Arabian Oil Co., the world's biggest oil exporter, is in talks with Sibur Holding PJSC, Russia's largest petrochemical producer, about forming a joint venture to make synthetic rubber in the desert kingdom, according to two people with knowledge of the discussions.Saudi Aramco, as the state-owned company is known, and Sibur are expected to sign a memorandum of understanding for the project next month when Saudi King Salman bin Abdul-Aziz visits Russia, said the people, who asked not to be identified because the talks are private. The venture would be Saudi Aramco's first project with a Russian company that didn't involve energy exploration or production.
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