Minister of Energy: The new OPEC mechanism puts Saudi Arabia in an advanced position among producers
His Royal Highness Prince Abdulaziz bin Salman, Minister of Energy, said: The agreement OPECyesterday will reward those who invest and those who believe in the presence of growth in demand, and place us in an advanced position among producers.
The minister added in his statements today, that the new mechanism in… "OPEC+" Rewards countries investing in Hydrocarbonis now consuming every molecule of it and is looking forward to more, pointing out that what was achieved yesterday in the meetings "OPEC+" It represents a turning point and one of the most successful days in my career, after the approval of a transparent mechanism to determine production levels.
His Highness continued: "We will be there when the world acknowledges that its previous rhetoric about energy will give way to the reality of consumption"
He said that Saudi Arabia and Russia will sign a mutual visa exemption agreement between the two countries, noting the signing of a new agreement for cooperation on environmental and climate issues with Russia.
Saudi-Russian Investment Forum
The work of the Saudi-Russian Investment and Business Forum was launched in Riyadh today, Monday, with the participation of officials and businessmen from the two countries.
The forum is being held on the sidelines of the ninth meeting of the joint governmental committee between the two countries for trade cooperation. Economic, scientific and technical, which will be chaired by the Minister of Energy, Prince Abdulaziz bin Salman, and Deputy Prime Minister of the Russian Government, Alexander Novak.
The forum is organized by the Saudi-Russian-Arab Business Council and the Saudi-Russian Arab Business Council. "roscongress"
The forum’s program includes signing ceremonies of cooperation agreements, and presentation sessions covering the fields: energy, industry and mining, food security and agriculture, infrastructure and construction, and information and communications technology.
The forum will witness, as part of its activities, an external session of the Petersburg International Economic Forum, organized in partnership with the Saudi-Russian Trade Council, under the title: "How does technology change urban infrastructure?".
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