Saudi, Russian energy ministers discuss joint efforts to stabilize oil market

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Saudi energy minister Prince Abdulaziz bin Salman met his Russian counterpart Alexander Novak in Jeddah yesterday on the sidelines of the Saudi-Russian Joint Committee.

Both ministers discussed the Saudi-Russian efforts to maintain balance and stability of the global oil market, as well as future plans under the OPEC+ deal.

Efforts to enhance mutual investments, trade exchange and joint projects in the energy sector and other fields between the two countries were also addressed.

Additionally, Prince Abdulaziz and Novak have set a high value on facilitating mutual cooperation and dialogue between Riyadh and Moscow during the meeting.

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