Russian Ambassador to Riyadh, Sergei Kozlov, said that Russia and Saudi Arabia are in fruitful cooperation in the field of energy. He talked about it in an interview with DEA News.
“The relevance and effectiveness of such cooperation on a global scale has been confirmed in practice,” said the diplomat.
He explained that the coordinated actions of the largest oil producers have helped to significantly stabilize energy markets and nullify negative trends.
According to Kozlov, the partnership of the two states in the energy sector is one of the main pillars of bilateral relations.
The Ambassador noted that such cooperation between the Russian Federation and Saudi Arabia has proven its effectiveness within the framework of the mechanisms of the Organization of Petroleum Exporting Countries (OPEC+).
Abdulaziz bin Salman Al Saud, former Saudi Minister of Energy declarationThat anti-Russian sanctions, including the fuel embargo from the Russian Federation, could lead to an energy crisis.