His Royal Highness Prince Abdulaziz bin Salman bin Abdulaziz Al Saud, Minister of Energy of the Kingdom of Saudi Arabia, participated today in a trilateral meeting via phone. The meeting was held in Astana, the capital of Kazakhstan, with the attendance of His Excellency Alexander Novak, Deputy Prime Minister of Russia, who was on an official visit to Kazakhstan, and His Excellency Almasadam Satkaliyev, Minister of Energy of the Republic of Kazakhstan.
The participants emphasized the importance of maintaining stability and balance in global oil markets, highlighting the significant role played by the OPEC+ Group in this regard.
They also stressed the importance of cooperation among OPEC+ member countries and full adherence to the agreement, including the voluntary production cuts agreed upon by the eight participating countries, as well as compensating for any excess production.
For his part, the Kazakh minister of energy reaffirmed Kazakhstan's full commitment to the agreement, the voluntary production cuts, and compensating for any overproduction, in accordance with the updated schedule submitted to the OPEC Secretariat.
