Russian, Saudi Energy Ministers Discuss Oil Market, Bilateral Ties In Moscow - Ministry
Fakhir Rizvi 4 months ago Sun 16th September 2018 | 09:06 PM
MOSCOW (UrduPoint News / Sputnik - 16th September, 2018) Russian Energy Minister Alexander Novak and his Saudi counterpart Khalid Falih have discussed the situation on the oil market and bilateral cooperation at a meeting in Moscow, reaffirming their commitment to developing a long-term OPEC-non-OPEC cooperation mechanism, the Russian Energy Ministry said on Sunday.
"Russian Energy Minister Alexander Novak and his Saudi counterpart Khalid Falih held a working meeting in Moscow. The ministers discussed the current state of the market, as well as bilateral cooperation. [The sides] noted a good level of dynamics in the development of cooperation in energy and industrial areas," the ministry said in a statement.
"The sides also reaffirmed their intention to continue working on the creation of a long-term structure of interaction between of OPEC [Organization of the Petroleum Exporting Countries] and non-OPEC nations, in order to ensure predictability and stability on the market, in the interests of all market participants, both producers and consumers," the ministry added.