Saudi, US ministers discuss threats to Gulf oil facilities

RIYADH, Saudi Energy Minister Prince Abdulaziz bin Salman and US Energy Secretary Rick Perry met on Monday to discuss their countries’ concerns over threats to oil facilities in the Arabian Gulf and freedom of navigation.

The two ministers stressed working together to ensure the global security of energy supplies, saying that any threat to the vital facilities is a threat to the interests of all countries all over the world, Saudi Press Agency (SPA) reported.

During the meeting, the two sides focused on enhancing ties between the two countries, investments in energy, climate and technology, the agency added.

They also discussed situation of oil market, it noted, indicating that Prince Abdulaziz confirmed Saudi Arabia’s role, as the exporter of reliable oil in the world, in achieving market stability.

He also stressed his country’s full commitment to producing this strategic commodity, it stated.

In addition, they dealt with the OPEC and oil-producing countries outside the organization in coordinating oil production, achieving stability in oil markets and threats against oil facilities in the Gulf, it said.

Prince Abdulaziz also met with Nigerian Oil Minister Timipre Sylva and discussed investment opportunities between the two countries and means of promoting them, as well as oil market and cooperation among OPEC Plus countries to achieve market stability, the agency pointed out.

The meeting stressed the importance of coordination amongst oil producers and consumers so as to achieve market stability and contribute to boosting economic growth in all countries across the globe, it concluded.

Source: Kuwait News Agency