Saudi minister says energy cooperation with Arab, OPEC+ countries integral to global oil markets

Saudi minister says energy cooperation with Arab, OPEC+ countries integral to global oil markets

JEDDAH: Saudi Arabia’s Minister of Energy Prince Abdulaziz bin Salman on Thursday said the Kingdom’s interest in energy cooperation with Arab countries is an integral part of its policy to strengthen its deep relations in all fields.

Prince Abdulaziz said that this cooperation is embodied in coordination for joint Arab action in numerous projects, programs and initiatives, the Saudi Press Agency reported.

On the international level, he said there is coordination between the Kingdom and OPEC+ countries, which include oil producers from OPEC and outside, including a number of Arab countries.

This is considered the “cornerstone” of efforts to enhance the stability of global oil markets and maintain their balance and security of supplies to be able to support the growth opportunities of the global economy, he added.

Speaking ahead of 32nd Arab League Summit, which will be held on Friday in Jeddah, Prince Abdulaziz said: “On the occasion of the Arab Summit in Saudi Arabia, I am pleased to join King Salman and Crown Prince Mohammed bin Salman in welcoming the leaders of Arab countries and members of their accompanying delegations to their second country, the Kingdom.”

He said that his country has signed a number of memorandums of