Complex Made Simple

Saudi Arabia asks Russia to join Gulf oil talks in sign of cooperation

* Russian energy minister Alexander Novak invited to join meeting of Gulf Arab oil ministers in Riyadh

* Meeting part of efforts to cooperate with non-OPEC members to stabilise oil market

* Novak welcomes the invitation

 

Saudi Arabia’s Energy Minister Khalid al-Falih said on Sunday he had invited his Russian counterpart Alexander Novak to join a meeting of Gulf Arab oil ministers in Riyadh as part of efforts to cooperate with non-OPEC members to stabilise the oil market.

“Russia is one of the world’s biggest oil producers…and is one of the influential parties in the stability of the oil market,” Falih said at the opening session of the ministers of the six-member Gulf Cooperation Council (GCC).

Falih said Novak had welcomed the invitation, “as a clear indication of sincere desire to continue cooperation and coordination with the oil producing and exporting countries for more stability in the market.”

Novak had said on Friday he would take “some” proposals to the meeting in Riyadh.