SAUDI ARABIA

Saudi Arabia sacrificed the most to improve oil market: Energy Minister

July 05, 2021
FIle photo shows Energy Minister Prince Abdulaziz Bin Salman, who on Sunday said that Saudi Arabia has sacrificed the most, and without its leadership the oil market would not have improved.
FIle photo shows Energy Minister Prince Abdulaziz Bin Salman, who on Sunday said that Saudi Arabia has sacrificed the most, and without its leadership the oil market would not have improved.

RIYADH — Energy Minister Prince Abdulaziz Bin Salman said that Saudi Arabia has sacrificed the most, and without its leadership the oil market would not have improved.

The Minister said during an interview with Al-Alrabiya TV on Sunday that there is consensus among OPEC+ countries on extending OPEC+ deal, except for one nation.

“If there are reservations in any country, why did they keep silent about them previously? I represent a balanced country that considers the interests of all in its role as president of OPEC+.”

The Minister also said that he was not very hopeful about the forthcoming OPEC + meeting.

“I’ve been attending OPEC+ meetings for 34 years and have never seen such a demand, I am neither optimistic nor pessimistic about the upcoming OPEC+ meeting,” Prince Abdulaziz said.

Prince Abdulaziz added that no country could take its production level in one month as a reference.

“Saudi Arabia and Russia are partners in the proposal to extend the OPEC + agreement and increase production,” Prince Abdulaziz added. — SG


July 05, 2021
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