Saudi Minister of Energy Prince Abdulaziz bin Salman met in Riyadh on Thursday with Russian Deputy Prime Minister Alexander Novak who is visiting the Kingdom, the Saudi Press Agency reported.
They discussed global oil markets and the efforts of OPEC+ to promote market stability, SPA said.
They also stressed their countries’ commitment to the decision made by OPEC+ last October to reduce oil production by 2 million b/d until the end of 2023, and continuing Saudi-Russian cooperation within the OPEC+ framework to enhance global oil market stability.
The Saudi Energy Minister and the Russian Deputy PM discussed the preparations for the next meeting of the Joint Saudi-Russian Intergovernmental Commission on Trade, Economic, Scientific, and Technical Cooperation, SPA said.
They also discussed ways of developing and strengthening Saudi-Russian relations in serving the interests of both countries within the scope of the committee’s work, the news agency added.