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However, facts on the ground are different, he said, explaining that non-OPEC producers are now pumping more than they were doing in the 1980s of last century. He said those players were not showing...

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RIYADH, MARCH 4, SPA -- THE CUSTODIAN OF THE TWO HOLY MOSQUES KING ABDULLAH BIN ABDULAZIZ AND IRANIAN PRESIDENT MAHMOUD AHMADINEJAD CO-CHAIRED HERE LAST NIGHT THE OFFICIAL SAUDI-IRANIAN TALKS.
SPEAKING ON THE OCCASION, KING ABDULLAH HIGHLIGHTED THE IMPORTANCE OF THE EXISTING SAUDI-IRANIAN RELATIONS WHICH ARE BASED ON THE BONDS OF NEIGHBORHOOD AND UNITY OF CREED.
ON HIS PART, THE IRANIAN PRESIDENT LAUDED THE PIONEERING ROLE OF THE SAUDI LEADERSHIP IN THE SERVICE OF THE MUSLIM CAUSES.
KING ABDULLAH AND AHMADINEJAD REITERATED THAT THE DANGER WHICH IS CURRENTLY THREATENING THE MUSLIM NATION IS THE ENDEAVORS TO CREATE SEDITION BETWEEN THE MUSLIM SUNNAH AND SHIITES, AND SAID EFFORTS SHOULD BE EXERTED TO CONFRONT SUCH ENDEAVORS AND TO WORK FOR CLOSING THE MUSLIM RANKS.
THE TWO LEADERS UNDERSCORED THE IMPORTANCE OF CLOSING THE PALESTINIAN RANKS, AND THE IRANIAN PRESIDENT VOICED SUPPORT TO THE ARAB PEACE INITIATIVE, APPROVED BY THE ARAB SUMMIT, HELD IN BEIRUT IN 2002.
AS REGARDS IRAQ, THE TWO LEADERS REITERATED THE IMPORTANCE OF IMPLEMENTING THE PLAN OF THE GOVERNMENT AND TO WORK FOR ENSURING IRAQ'S INDEPENDENCE AND UNITY AS WELL AS THE EQUALITY OF ITS SONS.
THE IRANIAN PRESIDENT SAID IRAN HAS BEEN FOLLOWING UP AND SUPPORTING THE GOOD EFFORTS BEING EXERTED BY SAUDI ARABIA TO QUIETEN THE SITUATION IN LEBANON AND END ITS POLITICAL CRISIS.
THE TWO LEADERS HOPED THAT ALL LEBANESE PARTIES WOULD POSITIVELY RESPOND WITH THESE EFFORTS.
KING ABDULLAH AND AHMADINEJAD REVIEWED ASPECTS OF COOPERATION BETWEEN THE KINGDOM OF SAUDI ARABIA AND IRAN IN ALL DOMAINS.
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However, facts on the ground are different, he said, explaining that non-OPEC producers are now pumping more than they were doing in the 1980s of last century. He said those players were not showing any cooperation to stabilize the market in the current period due to their own reasons, but the Kingdom...
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During the current oil price falls, OPEC and the Kingdom of Saudi Arabia, in particular, were subject to detrimental and unfair criticism due to what we can say a natural response in the market, Al-Naimi said. He recalled that OPEC has last November taken a historic decision not to interfere...
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Riyadh, 13 Jumada I 1436 H, March 4, 2015, SPA -- Eng. Ali bin Ibrahim Al-Naimi, Minister of Petroleum and Mineral Resources, confirmed that the stability of oil markets remains the Kingdom's main pillar of its oil policy. In a paper titled "Role of the Kingdom of Saudi Arabia as an energy...
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Riyadh, 13 Jumada I 1436 H, March 4, 2015, SPA -- Yousef bin Alawe bin Abdullah, Foreign Affairs Minister of the Sultanate of Oman, and the accompanying delegation arrived in Riyadh today to participate in the meeting which will gather the GCC Foreign ministers and the US Secretary of State John...
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Riyadh, Jumada I 13, 1436, March 04, 2015, SPA -- Deputy Crown Prince Mohammed bin Naif bin Abdulaziz Al Saud, Second Deputy Premier and Minister of Interior, received at his office at the Ministry of Interior this evening Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs of the...
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