Russia, Saudi Arabia agree to expand cooperation to stabilize energy markets

Russia, Saudi Arabia agree to expand cooperation to stabilize energy markets

Saudi Arabia and Russia have agreed to make a next move towards expanding cooperation in the energy sector, especially in the oil-and-gas segment, says a joint statement of Russian Energy Minister Alexander Novak and Saudi Arabian Minister of Energy, Industry and Mineral Resources Khalid al-Falih on Thursday.

The sides also agreed to work jointly with all signatories to the declaration of cooperation to create a long-term structure for cooperation, as well as to invite to cooperation other major oil producers.

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