RDIF and Russia’s largest oil and gas companies are creating an investment fund to support technologies in the industry
26.09.2024
The Russian Direct Investment Fund (RDIF), together with leading Russian oil and gas companies, announced the creation of an industry investment fund “Technologies for the Oil and Gas Industry”. The purpose of the fund will be to finance critical technologies for the Russian oil and gas industry as part of the import substitution program.
The Fund is formed on a parity basis: private investors and the state contribute funds in equal shares, and the minimum private contribution is 1 billion rubles. According to Kirill Dmitriev, head of RDIF, the new fund will become a significant investment platform supporting joint developments with the participation of leading companies in the Russian energy sector.
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