Riyadh
Saudi Arabia and Russia are working hand in hand to bring stability to global oil markets and triple their number of joint projects, senior representatives of both countries said on Saturday.
The co-chairs of the Saudi-Russian intergovernmental commission on trade, economic, scientific and technical cooperation met in Riyadh in preparation for a full gathering at the end of March. “We are working with the Kingdom on the global stability of the oil market,” said Alexander Novak, the former Russsian oil minister who is now the country’s deputy prime minister.
The Saudi Energy Minister, Prince Abdul Aziz bin Salman, said: “The forthcoming 7th commission meeting will consolidate this progress, but also set us on the path to new areas of co-operation — in finance and banking, infrastructure and urban development, the digital economy and smart cities, transportation and logistics, SMEs and sports.
“The new road map for 2020-2023 will be even more ambitious in its aims — the number of new projects will be tripled, as an indication of the sincere desire for greater collaboration between Saudi Arabia and Russia.— AN
