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Saudi Arabia primed for expansion of oil agreement — Russian ambassador

March 23, 18:38 UTC+3 MOSCOW
Oil ministers of Saudi Arabia, Qatar, Venezuela and Russia’s energy minister Alexander Novak have announced an intention to keep oil production at January levels in a move to stabilize energy prices
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© AP Photo/Hasan Jamali, File

MOSCOW, March 23. /TASS/. The participation of Saudi Arabia in February’s meeting of oil ministers in Doha demonstrated the country’s readiness to attain new oil agreements, the Russian ambassador to the Kingdom of Saudi Arabia Oleg Ozerov said in an interview aired by the Rossiya-24 TV news channel Wednesday.

"Probably, the participation in the meeting has demonstrated a new trend in the policy of Saudi Arabia. We expect this trend to persist and eventually enable big oil producing countries to reach wider agreements, which will have a positive effect on the global oil market," he said.

In mid-February oil ministers of Saudi Arabia, Qatar, Venezuela and Russia’s energy minister Alexander Novak announced an intention to keep oil production at January levels in a move to stabilize energy prices if other crude producers join the initiative.

Another meeting of oil producers, which will be focused on the issue, is scheduled for April 17. The majority of oil producing countries have confirmed their plans to attend the meeting in Doha.

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