Middle East Economic Survey


No 8


Saudi Arabia And Russia Affirm Oil Market Stability Aim

Saudi Arabia and Russia have agreed to cooperate more closely in future to achieve stability in global oil markets, Saudi Oil Minister Ali Naimi said on 12 February after a meeting in Riyadh with the head of Russias Federal Agency for Energy, Sergei Oganesyan. As the kingdom and Russia are the biggest oil producing and exporting countries, Mr Naimi said, it will be an essential...