News from Al Madinah: Nayef Al-Hajraf, the secretary-general of the Gulf Cooperation Council, reiterated his rejection of the accusations made against Saudi Arabia following the announcement of the OPEC+decision today, Thursday, and welcomed the Saudi Ministry of Foreign Affairs’ stance.
In a statement, he also voiced his entire rejection of the accusations made against Riyadh, calling them “lacking in facts” and applauding the “vital and pivotal” role the Kingdom has played on the regional and global stages.
The necessity of Saudi Arabia’s role in “protecting the global economy from energy volatility and securing its supply according to a balanced policy that takes into account the interests of the producing and consuming countries” was another point he emphasised.
Historically, Saudi Arabia has played a role
In addition, the Secretary -General of the Cooperation Council drew attention to the “historic” role of the Kingdom in contributing to addressing the economic challenges facing the world according to the principle of mutual respect between countries and promoting common interests, and preserving security and regional and international peace.
He emphasised that the accusations made against Saudi Arabia “will not be able to conceal the facts, nor will the Kingdom of Saudi Arabia continue with its balanced approach and the advancement of its duties and obligations as a fundamental pillar of security and stability in the region and the world.
an economic viewpoint
In a statement released earlier today, the Saudi Ministry of Foreign Affairs stated that “the Kingdom rejects to see OPEC+ decision as a bias in international issues.
” She stressed in a statement that “OPEC’s decision+ was taken unanimously and from an economic perspective that takes into account the balance of supply and demand in the markets and limits fluctuations.
” It is noteworthy that the members of OPEC+were announced at the end of their meeting on Wednesday, October 5, 2022, that production was reduced by two million barrels per day in November, according to the group’s statement, and the extension of the “Declaration of Cooperation” until the end of 2023, provided that ministerial meetings are held every 6 months .
Arabic.
Saudi Arabia plays a significant, essential regional and global role in the Cooperation Council.
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