Developed By: iNFOTYKE
Saudi assures world of meeting oil needs
Riyadh: The Council of Ministers on Tuesday reemphasised the Kingdoms readiness to meet the world oil needs as the most reliable, safe and independent oil exporter of the world.
In a statement following the session, Minister of Media Turki Al-Shabanah said the Cabinet noted the Kingdom’s assertion, during its participation in the Russian Energy Week held in Moscow, to meet the world oil demand, after exerting extraordinary efforts to restore its capability to supply markets within 72 hours, following the attack on Saudi Aramco’s Khurais and Abqaiq plants.
“This strengthens the Kingdom’s efforts to establish relations with countries within and outside of OPEC to achieve permanent stability of oil markets; benefit producers, consumers and the oil industry; attract investment and stabilise the financial system to enable the global economy to grow and prosper,” it said.
The King briefed the Cabinet on the outcome of the official talks held with President of the Sudanese Supreme Council General Abdel Fattah Al-Burhan and Sudanese Prime Minister Abdulla Hamdok, highlighting the fraternal relations between the two countries and peoples and ways of enhancing and developing bilateral cooperation in various fields.
Al-Shabanah said the Cabinet reviewed the final statement of the fourth extraordinary meeting of the GCC Supreme Military Committee, at the level of chiefs of staff of the armed forces, which was held in Riyadh.
The Cabinet was also briefed on the announcement of Saudi Authority for Intellectual Property about acceptance of the Kingdom’s nomination to the presidency of the International Union for the Protection of Industrial Property (Paris Union) by the General Assembly of the World Intellectual Property Organization. (IANS)