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Monday, Aug 08, 2022

Russia hails cooperation with Saudi Arabia in oil market: Kremlin

Russia hails cooperation with Saudi Arabia in oil market: Kremlin

Kremlin spokesman Dmitry Peskov said that Russia, the world’s second largest oil exporter after Saudi Arabia and the world’s biggest exporter of natural gas, highly valued cooperation with Saudi Arabia within the framework of OPEC+ group of world’s leading oil producers.
The Kremlin also said on Wednesday that it hoped President Joe Biden’s visit to Saudi Arabia would not be used to try to foster anti-Russian relations, just as the US seeks to convince Riyadh to boost oil production amid soaring prices.

White House national security adviser Jake Sullivan said on Monday that Biden will make the case for greater oil production from OPEC nations to bring down gasoline prices when he meets Gulf leaders in Saudi Arabia this week.

“We are within the framework of the OPEC + agreements, and we highly appreciate the work that we manage to do with our partners, including with leading partners such as Saudi Arabia,” he told a daily conference call with reporters.

“We highly appreciate our relations and our interaction with Riyadh and we certainly hope that the building of relations and the development of relations between Riyadh and other world capitals will in no way be directed against us.”
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