Saudi FM Reiterates OPEC+ Decision is Not Political

Saudi Foreign Minister Prince Faisal bin Farhan (EPA)
Saudi Foreign Minister Prince Faisal bin Farhan (EPA)
TT

Saudi FM Reiterates OPEC+ Decision is Not Political

Saudi Foreign Minister Prince Faisal bin Farhan (EPA)
Saudi Foreign Minister Prince Faisal bin Farhan (EPA)

Saudi Foreign Minister Prince Faisal bin Farhan has said that the OPEC+ decision to cut production is purely economic and was taken unanimously by the member states.

The Foreign Minister said "OPEC+ members acted responsibly and took the appropriate decision," stressing that it is not a political move.

During an interview with Al Arabiya channel, the minister indicated that OPEC+ seeks to stabilize the market and achieve the interests of producers and consumers.

He described Saudi ties with the US as "strategic" and supported the security and stability of the region.

The military cooperation between Riyadh and Washington serves the interests of both countries and has contributed to the stability of the region, said the FM, adding: "our relationship with the United States has been institutionalized since it was established."

On the Russian-Ukrainian war, he indicated that Saudi Arabia aims to push parties to engage in dialogue and stop the conflict.

Prince Faisal addressed the Yemeni crisis, saying there are still efforts to extend the truce in Yemen, and the government has shown great flexibility with a high responsibility towards the country's interests.

Asked about the relationship with China, he pointed out that ties with China are "economic at the first level, and we have many joint economic projects."



Saudi, Brazilian Foreign Ministers Sign MoU to Establish Coordination Council

Saudi Foreign Minister Prince Faisal bin Farhan and his Brazilian counterpart, Mauro Vieira. SPA
Saudi Foreign Minister Prince Faisal bin Farhan and his Brazilian counterpart, Mauro Vieira. SPA
TT

Saudi, Brazilian Foreign Ministers Sign MoU to Establish Coordination Council

Saudi Foreign Minister Prince Faisal bin Farhan and his Brazilian counterpart, Mauro Vieira. SPA
Saudi Foreign Minister Prince Faisal bin Farhan and his Brazilian counterpart, Mauro Vieira. SPA

Saudi Foreign Minister Prince Faisal bin Farhan has met with Brazilian Foreign Minister Mauro Vieira in Rio de Janeiro on the sidelines of the G20 Summit.

The two officials reviewed relations and discussed regional and international developments.

During Tuesday’s meeting, the ministers signed a memorandum of understanding (MoU) to establish a Saudi-Brazilian Coordination Council, building on the agreement reached between the two countries' leaders during Brazilian President Luiz Inácio Lula da Silva's visit to Saudi Arabia on November 30, 2023.

Director-General of the Office of the Foreign Minister Abdulrahman Aldawood and Saudi Ambassador to Brazil Dr. Faisal bin Ibrahim Ghulam were in attendance.